Changes afoot at Lendy HQ

My experience with the FCA is that they are rather useless. They are notorious for closing the stable door after the horse has bolted. They also have a habit of not informing investors when a company is in trouble. They say it is to prevent a panic withdrawal of funds. So that's ok then! 

The chance to make a panic withdrawal of funds would be a fine thing.

I guess there is some logic in that, but why would another P2P outfit want to do that. There may well be a bargain at 50% discount, but with almost zero goodwill and it wouldn't be seen as anything other than a fire sale now, the market knows what state Lendy are in, so little qdos from an M&A perspective. 

Also with the FCA involved, I'm not sure any FD of another firm would be keen for all the scrutiny and everything that goes with it.

I would think more likely that the loanbase be sold off as a standalone asset/liability (depending on negotiation) which almost certainly the bulk of which would end up with another P2P firm, leaving the toxic stuff under the control of a 3rd party to run down & recover.

in other words liam cant get away with any more sh*t and all his mates have abandoned ship as not much chance for big paydays now.

I doubt there are many LY lenders who are not already familiar with the options of other platforms. If someone bought them out, it might generate new goodwill, but it is also taking on a lot of risk and hassle. I doubt it will happen. The name currently has negative net worth imo, Cowes notwithstanding.

I analyse company liabilities for buyouts and buy-ins. Lendy has far too many liabilities (both on and off balance sheet) for anyone to effectively take over the business at a premium. Probably the only hope that Lendy would have is to sell sub 50% of the shares at an inflated price to an unsuspecting foreigner wanting to get into the UK P2P market. Hence that might be the idea behind Cowes, to attract a foreign buyer/investor, not so much the foreign lenders.