Property Loan 20 - Repaid in full after Default

I'm not sure if this is all of the asset, wasn't there some land as well, that would raise another chunk of money?

If £1.9m is for everything, then it is likely the sale value won't cover the loan, sale costs, administrators, interest on loan etc

You could do with a lesson in politeness and communication skills.

Implying somebody who posts something with good intentions is thick is plain rude,even if they have made mistake. If my link broke the forum rules you could have deleted it without insulting me on a public forum in big bold purple type.

It's no wonder so many early contributors to this forum, like myself, have drifted away. It's become an increasingly intimidating place over the last year and is now dominated by a handful of very vocal 'know it all' posters who try to maintain their dominance by shooting down anybody with an alternative view to their own and who post to great excess, seemingly to big themselves up.

I'm not surprised SS have so little to do with this forum now. I shall be deleting my account.

Finally - and this may benefit other thickos - please can you explain how the link to the brief particulars I posted identifies the borrower. I saw nothing other than a description of the business, premises and a price. I would not have knowingly posted anything that identified a borrower. An explanation may help others avoid incurring your wrath. Thank you.

Ah well, life is full of surprises isn't it??

Forgive me if this point has already been made(I haven't been through all 26 pages).

How can SS include goodwill in the asset value and lend against it? I thought they only lent against property? Do we know the property value?

Surely now the business is in administration there will be other creditors such as suppliers who will need to be paid. Who has priority other creditors (if any) or Lendy? I would have thought suppliers would have priority on the stock if it has been purchased on a credit account.

My apologies if I upset you, but we (moderators) have had to remove three or four links which ID the borrower in the last couple of days, and people KEEP DOING IT.

To be fair, the link didn't actually name the borrower, that's a ltd co, and on the SS website it says A********** G********** C********** So anyone could easily make the mistake that interesthunter made , i agree the link should be removed because its a very easy way to the SS loan title thread. But a polite sentence underneath the modded link would have sufficed. 

You forgot to mention the reason interesthunter made her complaint. (its up over your head in big blue writing)