The fact we have not received a single penny in nearly TWO years says it all. (BDO appointed 27/4/18)
Every penny coming in is simply paying straight out to BDO's "Costs & Expenses" and there is nothing for us. We are being rinsed.
I expect this Gravy Train will continue unabated.
I recall the Judge at the appointment of BDO said s/he would "Keep a close eye on costs."
EDIT: NEVER forget, the FCA created and are 100% responsible for all this.
PS / EDIT 2: No doubt BDO will be sending the FCA a very nice Christmas card, and suitable basket of wine/delicacies.
Call me a cynic, but I can't help thinking that BDO are doing more to protect the interests of the FCA than that of the Lenders (they are getting paid handsomely for this). They are just buying time for FCA to finish their investigation before laying their cards, so as not to contradict each other (read not to put FCA in a tight corner). Won't be surprised if they have signed an under the table NDA to FCA :-(
This was a very important FOI since it closed another question that had been nagging me for a long time.
We know from the rules that for Interim Approval (IP) to be given the company had to be incorporated before a certain date, Col was not. This information was available to the FCA at Companies House from the date that the Part 4A application was made. The FCA and Col were 'in discussions' for the best part of 2 years before 23/11/2017 with Col claiming IP / not needing IP but at no time until 23/11/2017 did the FCA carry out such a basic check, they took Part 4A applications on trust!
FWIW this FOI is one of the last I sent, there are plenty more that I and others sent that are yet to be published on the disclosure log, somehow I doubt if they will all be since the FCA only publish a selection.