ganymede
Member of DD Central
Posts: 304 
Likes: 211
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Post by ganymede on Feb 10, 2022 13:57:06 GMT
Some interest has appeared in my account. Made the monthly withdrawal request.
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Post by Ace on Mar 9, 2022 20:12:28 GMT
Interest paid.
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Post by df on Mar 9, 2022 23:06:06 GMT
It looks like this one and CSPs are the only performing loans. The end date for the animal is 09/04/2024. I wonder what will happen with capital repayment if administration ends before that date? It probably won't, but just curious what can happen in such scenario.
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Mar 10, 2022 7:40:34 GMT
It looks like this one and CSPs are the only performing loans. The end date for the animal is 09/04/2024. I wonder what will happen with capital repayment if administration ends before that date? It probably won't, but just curious what can happen in such scenario. It is an excuse for the administration to be extended to that date.
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picnicman
Member of DD Central
Posts: 238
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Post by picnicman on Mar 10, 2022 14:01:20 GMT
TitoPuente - I did e mail a few months ago to ask what the administrators intentions were for this loan, i.e let it run its course or seek earlier refinance, but no response. Still paying interest on time each month so good so far. Guess we will have to wait and see? Cheers P
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archie
Posts: 1,865
Likes: 1,860
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Post by archie on Mar 10, 2022 14:46:50 GMT
TitoPuente - I did e mail a few months ago to ask what the administrators intentions were for this loan, i.e let it run its course or seek earlier refinance, but no response. Still paying interest on time each month so good so far. Guess we will have to wait and see? Cheers P Back in February 2020 I was told they were in talks to refinance. World situation obviously scuppered that.
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Post by Badly Drawn Stickman on Apr 12, 2022 10:21:43 GMT
This months interest payment is now showing.
Withdrawals seem to be paid as and when somebody can be bothered these days so probably no great rush to claim it.
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ganymede
Member of DD Central
Posts: 304
Likes: 211
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Post by ganymede on Jul 12, 2022 18:09:55 GMT
A few days late, but interest has been paid today.
The funds arrived in my current account today 15/7/2022. forgot to say I did the withdrawal request the same day as interest paid.
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Post by Ace on Jan 10, 2023 17:02:59 GMT
Monthly interest has been paid.
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Post by Ace on Feb 9, 2023 18:13:38 GMT
Monthly interest has been paid.
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ganymede
Member of DD Central
Posts: 304
Likes: 211
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Post by ganymede on Feb 9, 2023 20:15:45 GMT
Monthly interest has been paid. Received interest also, and done the withdrawal.
This might be a worth while article to reference for those platforms in wind down
Does anyone else think this was a highly skilled and professional job with reasonable costs?
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Post by df on Feb 9, 2023 22:17:58 GMT
Monthly interest has been paid. Received interest also, and done the withdrawal.
This might be a worth while article to reference for those platforms in wind down
Does anyone else think this was a highly skilled and professional job with reasonable costs?
Yes, GS wind down was graceful imo. IIRC we've lost some interest during the process, but I still ended with XIRR 6.72% (this includes a couple of bonuses). I liked GS, it was my first platform at some point. Looking at the profit I've made with GS - it will offset my worst case scenario with ABL  Looks like The Animal is the only active functioning loan left on MT loan book. I've got so little in this loan, it takes long to get up to the minimum withdrawal requirement 
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,315
Likes: 11,523
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Post by ilmoro on Feb 10, 2023 8:47:52 GMT
Monthly interest has been paid. Received interest also, and done the withdrawal.
This might be a worth while article to reference for those platforms in wind down
Does anyone else think this was a highly skilled and professional job with reasonable costs?
It might but its the usual muddle and is mostly about the liquidation of the companies after the repayment of the loanbook. GS was a solvent winddown, group still had £2m cash, so somewhat different to most platforms which were insolvent.
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Post by bobthebuilder on Feb 18, 2023 9:04:52 GMT
Interesting addition to the Companies House website. The borrower is issuing up to £1m in 5% convertible unsecured loan notes. Could this indicate that repayment of the loan on MT is imminent?
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Post by Badly Drawn Stickman on Feb 18, 2023 9:23:57 GMT
Interesting addition to the Companies House website. The borrower is issuing up to £1m in 5% convertible unsecured loan notes. Could this indicate that repayment of the loan on MT is imminent? Interesting, could you put a link in DDc to save lazy people like myself tracking it down? I have oddly mixed feelings, it would in one way be nice to have it repaid and the accompanying doubt removed. It does on the other hand keep slowly chipping away at potential overall losses whilst it is chugging along.
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