Platforms with charges in favour of co-founders/Directors
Nov 20, 2019 9:00:33 GMT
bugs4me, ozboy, and 5 more like this
Post by dan1 on Nov 20, 2019 9:00:33 GMT
The two sites entering administration this year, Lendy and FundingSecure, both had charge(s) registered at CH in favour of co-founders, Directors or companies controlled by co-founders/Directors. In both cases, charges were registered within a year of the platforms entering administration.
This begs the question of which other platforms have such charges, and which of those were registered within the last year? Perhaps more importantly should we be concerned, should it be taken as an early warning of trouble?
I'm not too versed in Lendy but in the case of FS the charges were not viewed negatively,... rather the injection of funds from wealthy backers, for which the charge was presumably to protect those funds, was welcomed at the time.
This begs the question of which other platforms have such charges, and which of those were registered within the last year? Perhaps more importantly should we be concerned, should it be taken as an early warning of trouble?
I'm not too versed in Lendy but in the case of FS the charges were not viewed negatively,... rather the injection of funds from wealthy backers, for which the charge was presumably to protect those funds, was welcomed at the time.
