TitoPuente
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Post by TitoPuente on Apr 8, 2021 18:46:55 GMT
This loan got to 75p on the pound last year when toilet rolls traded at a steep premium.
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blender
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Post by blender on Apr 8, 2021 21:59:47 GMT
I wonder if this new additional borrowing is to replace the additional borrowing that the borrower took from *** Limited in early summer last year? The shares taken as security were to be returned to the borrower in Autumn last year, but CH records indicate that this has not yet happened. Yes, they own over 75% shares and have significant control the business, unless the notification has not come through yet. If the loan from *** is repaid and the shares are returned before the second tranche is applied for, then the director can be taken as in control. Otherwise this may be an exit route for another lender and the security will need to be good. Loads of saleable stock. One circle to be squared will be the stock level at 31 Oct 2019, which the filed accounts put at 2,446k, while the management accounts at 28 Oct 2019 and the financial projections said 445K. Such a lot of changes in the balance sheet in 3 days - though not filed until October 2020. I'm sure that Ablrate will present us with a thorough exposition of what has happened since 28 Oct 2019.
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GreenZero
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The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on May 25, 2021 17:59:36 GMT
Interesting, those figures from their unaudited abridged accounts?
This months payment is now a couple of days late too.
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criston
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Post by criston on May 26, 2021 16:53:22 GMT
Disgusting how they take £500k tranche 2 a few months back, yet cannot give a stuff to ensure their current payment is on time.
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Post by Badly Drawn Stickman on May 26, 2021 20:24:43 GMT
Disgusting how they take £500k tranche 2 a few months back, yet cannot give a stuff to ensure their current payment is on time. A pretty stern update though (not much wriggle room in truth) so I am sure the funds arrived as demanded, but possibly a few minutes too late to be paid today. Failing that memories are short and if it arrives sometime this week I am sure its shoddy appearance will just fade into oblivion.
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on May 26, 2021 21:02:04 GMT
Like criston said, not being able to make payment on an existing loan when only five weeks previous they took out a further sizeable loan begs a question.
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Post by Badly Drawn Stickman on May 27, 2021 7:59:06 GMT
Like criston said, not being able to make payment on an existing loan when only five weeks previous they took out a further sizeable loan begs a question. I would not disagree. However it 'feels' like most payments on loans are tardy in arriving (Facts may disprove that feeling). In this case I was interested in the update, either it is a rash 'hostage to fortune' or they are pretty sure the money is heading this way pretty quick and wanted to look 'tough'. Or maybe it was just a badly worded update.
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brush
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Post by brush on May 28, 2021 14:09:35 GMT
Some of the recent trustpilot reviews are not very complimentary, any comments ablrate including non payment.
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Post by Badly Drawn Stickman on May 28, 2021 21:04:58 GMT
Some of the recent trustpilot reviews are not very complimentary, any comments ablrate including non payment. Never sure how much I trust trustpilot, always seems a little easy to manipulate. Happily sold out my holding in this and the new version once it started trading above par though. Seems like a risk not worth taking when the exit door is wide open.
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GreenZero
Member of DD Central
The early bird may get the worm, but it's the second mouse who gets the cheese
Posts: 221
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Post by GreenZero on May 29, 2021 7:04:24 GMT
I agree, TP can be manipulated, although LAR do seem to actually respond to most of the comments left which is a good sign.
I too have passed on my holding despite "shoes" being a strong retail sector and their expansion of its online offerings being a positive one.
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hubert
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Post by hubert on Jan 25, 2022 16:39:43 GMT
With the connection to Ablrate you would have thought the FD would have ensured a prompt payment, due yesterday, just to help the backlog.
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hubert
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Post by hubert on Feb 10, 2022 14:31:10 GMT
Is anyone aware of the date of the CC judgement.
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brush
Member of DD Central
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Post by brush on Feb 25, 2022 18:09:26 GMT
LAR seem to be letting payments slip.
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hubert
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Post by hubert on Aug 28, 2022 11:07:09 GMT
ablrate Would appreciate your understanding of the worrying details that has come to our notice on the 'DD' thread '1000138 & 1000157 LAR Retail Stock', when you update us on the action you are taking, after relaying to us, two failed payment deadlines provided by the company.
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hubert
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Post by hubert on Sept 2, 2022 10:48:59 GMT
Delayed payment deadline today, Friday, but no admin note for 167 payment, now 6 days late
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