littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Jul 9, 2022 21:37:15 GMT
It's a valuable location. Should be relatively straightforward to appoint receivers and sell the property. Research of the individual involved suggest this will be anything but straightforward I'm afraid. Only one of the 3 units is freehold. The valuation was a desk top one based on the value of the business which was based on projected profit figures proffered pre-Covid. It did not include any valuation of the freehold portion. The business is clearly not generating any profit currently. The chance of any recovery on this loan is slim to none IMO.
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blender
Member of DD Central
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Post by blender on Jul 10, 2022 20:31:01 GMT
Slim to none on 129, which has priority. 67 and 68 have been dead as doornails for years.
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Steerpike
Member of DD Central
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Post by Steerpike on Apr 6, 2023 13:38:11 GMT
It appears from the 2022/23 tax statement that 1000129 is now "Principle Defaulted and not recovered in period" but, unless I missed it, as far as I can tell ye olde 1000028 has not yet been been defaulted.
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