Post by keitha on Jun 1, 2020 9:42:33 GMT
24 Feb 2020
working with borrower to clear down missed payments, we will default if no payment within 2 weeks
27 May 2020
The loan is now 159 days late (4 months in arrears) and Accordingly, we are defaulting this loan in order to protect your position by crystallising the liability of the borrower.
Looking on companies house the accounts are "filleted" so difficult to see what's going on, but in 2018 the directors owed the company £227,000 and increase of £50,000 on the previous year.
they also appear to depreciate land and buildings which unless leased is counter intuitive
BTW I like FC maths:- 159 days is 4 months, my maths and I'm thick make it 5 and looking on repayments nothing since 20th December 2019 so in effect they've already missed 6 payments
Both directors changed surname from *TT*** to *T***, something is smelly
working with borrower to clear down missed payments, we will default if no payment within 2 weeks
27 May 2020
The loan is now 159 days late (4 months in arrears) and Accordingly, we are defaulting this loan in order to protect your position by crystallising the liability of the borrower.
Looking on companies house the accounts are "filleted" so difficult to see what's going on, but in 2018 the directors owed the company £227,000 and increase of £50,000 on the previous year.
they also appear to depreciate land and buildings which unless leased is counter intuitive
BTW I like FC maths:- 159 days is 4 months, my maths and I'm thick make it 5 and looking on repayments nothing since 20th December 2019 so in effect they've already missed 6 payments
Both directors changed surname from *TT*** to *T***, something is smelly