revvy
Posts: 17
Likes: 24
|
Post by revvy on Mar 28, 2019 23:22:21 GMT
Ive spoken to one of the borrowers this evening to try to find out what is going on at Lendy and who is actually "steering the ship". Alan Darling is interim Chief Operating Officer replacing David Gammond Adam Bolger is Chief Financial Officer replacing Paul Thompson Stuart Nuttall is General Counsel replacing Gary Anderson Now already I can see some problems here. Adam Bolger linked In profile states that he is a director at Jelliff Lamprey Partnership Limited so he must be part time. Not listed as a director at Companies House but then neither was Paul Thompson Stuart Nuttall appears to have practiced as a solicitor in the past www.standard.co.uk/news/cliffords-fury-over-lapdancer-story-6310820.html but doesn't seem to be General Counsel savvy. Is this the same Stuart Nuttall? www.peopleperhour.com/freelancer/stuart/nuttall/managing-director/230177 Maybe Liam is paying him £7 an hour? Alan Darling apparently was head of lending and with little lending going on, it makes sense I guess for him to be COO but he too is not listed at Companies House. Ive checked and both David Gammond and Paul Thompson are regulated by the FCA so made sensible choices for their roles and looking at Gary Andersons Linked In, his past experience again makes sense as to taking over as General Counsel. It looks like Lendy's new board is part time. Is this due to cost? Is this due to their unwillingness to become "official board members"? I will contact Lendy tomorrow to try to find out more. |
|
Mousey
Member of DD Central
Posts: 1,598 
Likes: 6,768
|
Post by Mousey on Mar 28, 2019 23:41:04 GMT
Good work, from what Lendy have said all the recovery has been outsourced so perhaps not a huge much to do in the office.
I think the Lendy brand is too toxic now to continue so I can see no new lending for the foreseeable future... Maybe once a chunk of loans have repaid in a couple years time.
ETA there was a Paul Coles as head of compliance at least at the beginning of this month.
|
|
|
|
Post by charliebrown on Mar 29, 2019 9:04:41 GMT
Good work, from what Lendy have said all the recovery has been outsourced so perhaps not a huge much to do in the office. I think the Lendy brand is too toxic now to continue so I can see no new lending for the foreseeable future... Maybe once a chunk of loans have repaid in a couple years time. ETA there was a Paul Coles as head of compliance at least at the beginning of this month. I would never “invest” another penny with Lendy under any circumstances. However, if you look at FS, they are arguably as incompetent as LY (probably even worse on some specific loans). The FS brand is mud but probably not as toxic as LY. FS are still issuing loans and those loans are still filling, admittedly not as fast as they used to. I believe LY has got to issue some new high quality loans if they intend to stay in business. The “investors” already burnt by LY probably wouldn’t touch the loans but if they get some good loans they still might fill them? Maybe?
|
|
|
|
Post by p2plender on Mar 29, 2019 9:49:27 GMT
|
|
invester
P2P Blogger
Posts: 612
Likes: 618
|
Post by invester on Mar 29, 2019 11:02:52 GMT
I regard Lendy as finished. All that is left is self-serving interests.
People going for these positions obviously are attracted by the money and then bailing out when they can see the impending watery brown storm that is coming their way.
The staff at Lendy no doubt would be wanting to squeeze the orange dry under the pretence that the business can still be turned around.
The FCA no doubt have a headache with LCF and would be wanting to cover their own arses.
|
|
trevor
Member of DD Central
Posts: 557
Likes: 381
|
Post by trevor on Mar 29, 2019 12:42:46 GMT
I suspect that when the current loans still drawing down are finished and the main lenders they used to rely on for multiple repeat business gone, Lendy will either be wound down by a skeleton staff or worst case LB will put the company into administration to save himself a load of cash. Then there will be a newco starting up based on the south coast with LB at the helm.
|
|
|
|
Post by charliebrown on Mar 29, 2019 16:59:28 GMT
I suspect that when the current loans still drawing down are finished and the main lenders they used to rely on for multiple repeat business gone, Lendy will either be wound down by a skeleton staff or worst case LB will put the company into administration to save himself a load of cash. Then there will be a newco starting up based on the south coast with LB at the helm. LB should NEVER be licensed to run another financial services company, he should be on the FCA blacklist forever. In fact he shouldn’t even be allowed to run a p*ss up in a brewery as he’s clearly incapable. I don’t think the Lendy business was ever envisioned to be a long term endeavour, I suspect it was always planned by LB as a smash-and-grab.
|
|
trevor
Member of DD Central
Posts: 557
Likes: 381
|
Post by trevor on Mar 29, 2019 17:22:03 GMT
COL have already started again.
|
|
jane
Posts: 145
Likes: 214
|
Post by jane on Mar 29, 2019 19:43:37 GMT
I suspect that when the current loans still drawing down are finished and the main lenders they used to rely on for multiple repeat business gone, Lendy will either be wound down by a skeleton staff or worst case LB will put the company into administration to save himself a load of cash. Then there will be a newco starting up based on the south coast with LB at the helm. LB should NEVER be licensed to run another financial services company, he should be on the FCA blacklist forever. In fact he shouldn’t even be allowed to run a p*ss up in a brewery as he’s clearly incapable. I don’t think the Lendy business was ever envisioned to be a long term endeavour, I suspect it was always planned by LB as a smash-and-grab. LB has already moved into the payday loan world. Just what that industry needs, a nice chap like Liam to clean up its reputation.
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Mar 30, 2019 5:24:42 GMT
I wonder if Liam and his crew would give me a large payday loan from this separate company. I could use all my loans in lendy as security.nearly 40k surely must be worth something.he would not know that they were all over due for repayment would he.
|
|
revvy
Posts: 17
Likes: 24
|
Post by revvy on Apr 8, 2019 5:49:14 GMT
|
|
|
|
Post by p2plender on Apr 8, 2019 9:06:20 GMT
re the above, Brooke certainly making it up as he goes along!
Does the clown even know what day it is?
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Apr 8, 2019 9:58:06 GMT
brooke and kelly partners in their little payday loans side line so kelly is still around in some form or other.they are like a pair of chameleons.
|
|
revvy
Posts: 17
Likes: 24
|
Post by revvy on Apr 8, 2019 10:31:27 GMT
Keep Robert on the Lendy payroll to fund him in the Pay me today business?
|
|
Mousey
Member of DD Central
Posts: 1,598
Likes: 6,768
|
Post by Mousey on Jun 14, 2019 15:17:04 GMT
|
|
