copacetic
Member of DD Central
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Post by copacetic on May 21, 2020 9:38:52 GMT
Richard Luxmore is personally liable for his overdrawn directors' loan account. In theory the administrators are required to persue this debt and could bankrupt him if he fails to repay it. I don't see much mentioned in the way of action being taken yet though - the admins may want to ingore it for now if they are still using the directors for consultation but imo they really should issue a statutory demand for it and get the ball rolling legally.
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Mousey
Member of DD Central
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Post by Mousey on May 21, 2020 10:02:52 GMT
Richard Luxmore is personally liable for his overdrawn directors' loan account. In theory the administrators are required to persue this debt and could bankrupt him if he fails to repay it. I don't see much mentioned in the way of action being taken yet though - the admins may want to ingore it for now if they are still using the directors for consultation but imo they really should issue a statutory demand for it and get the ball rolling legally. There's legal action being taken against Luxmore in the high court with Funding Secure as claimant. They also have a freezing injunction against his assets.
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adrian77
Member of DD Central
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Post by adrian77 on May 21, 2020 10:31:32 GMT
nice one - there's irony for you!
Also as I understand it HMRC are very interested in such accounts and also they may want any unpaid tax on profits repaid with interest - I also think any director should not have a loan account if the company is not trading at a profit....throw the book at him lads!
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rocky1
Member of DD Central
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Post by rocky1 on May 21, 2020 10:33:07 GMT
download now straight from today's email.why not do that in the bloody first place.well I suppose that's another few grand to add on for all their time and effort.
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agent69
Member of DD Central
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Post by agent69 on May 21, 2020 12:16:43 GMT
2.16 caught my eye
165 defaulted loans and 6 performing loans remaining. Just about says it all
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adrian77
Member of DD Central
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Post by adrian77 on Sept 20, 2023 15:42:23 GMT
Tried to log in but can't uyes used F**** and F****X
anybody else had this problem or can advise
I thank you
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merlin99
Member of DD Central
Posts: 126
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Post by merlin99 on Sept 20, 2023 16:02:28 GMT
Same problem with signing in!!!!
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iRobot
Member of DD Central
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Post by iRobot on Sept 20, 2023 16:05:23 GMT
Tried to log in but can't uyes used F**** and F****X anybody else had this problem or can advise I thank you Logging in fine with F****X The latest upload is simply a copy of the AM19 dated 18-Sep advising of an extension of the Administration to 22-Oct-2024. It'll be on Companies House in a day or three once the submission has been processed / published.
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adrian77
Member of DD Central
Posts: 3,895
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Post by adrian77 on Sept 20, 2023 16:46:35 GMT
In now - make sure it is zero zero and not O (OH) O
I had a message from Google saying somebody had been having a nibble at my password file - should have checked it earlier...
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adrian77
Member of DD Central
Posts: 3,895
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Post by adrian77 on Nov 21, 2023 12:08:33 GMT
This IPS doc is now available - had a quick look
As mentioned prior they need another year - these clowns were bankrupt in Oct 2019 - 4 bloody years ago
Apart from some work on the e-wallet I really can't see much progress or am I missing something?
Some expenses seem high to me e.g. £21K consultancy - for what exactly ?
When I invested with these clowns I was at pre-retiement age at this rate I wonder if I will still be here
when this mess is finally sorted out
Total bloody farce....
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Post by overthehill on Nov 21, 2023 14:42:26 GMT
Should be renamed the 'Administrators no progress report' . It can't take very long to update the previous report and send out.
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Post by portlandbill on Nov 21, 2023 18:36:30 GMT
Does it say that the FCA have completed their investigation into FS?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,840
Likes: 11,068
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Post by ilmoro on Nov 21, 2023 20:47:33 GMT
Does it say that the FCA have completed their investigation into FS? Yes, but what it doesnt say is whether they are doing anything as a result. It does say the admin 'assisting the FCA with their enquiries' cost 5 figures.
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Post by df on Nov 21, 2023 21:01:17 GMT
I've logged in to my FS account just out of curiosity and found that I can't see any loans on "my current investments" page, it only displays the total value.
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iRobot
Member of DD Central
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Post by iRobot on Nov 21, 2023 21:05:25 GMT
I've logged in to my FS account just out of curiosity and found that I can't see any loans on "my current investments" page, it only displays the total value. All good here. Do you have anything in the search 'bar' that's effectively returning zero results? (Edit: Or are the expected entries in the 'Quitclose' tab - which I'd not noticed before!)
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