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Post by c64 on Mar 2, 2021 9:37:47 GMT
A search for Social Money on Companies House yields:
SOCIAL MONEY LIMITED SOCIAL MONEY GROUP LIMITED SOCIAL MONEY HOLDINGS LTD SOCIAL MONEY SECURITY TRUSTEE LIMITED SOCIAL MONEY TWO LIMITED
and Social Money Limited has registered some kind of charge on 10 December in which various bits of company have shares in or charges over others. I'm sure this is relatively trivial compared to the affairs of say, Amazon or some of the borrowers on Archover but I can't tell whether this has the slightest impact on our arrangements. SoMo is kind of a special case in that we lend money to it, not to borrowers directly as peer-to-peer loans under article 36H. For all I know this is just some family tax planning on the part of the owners, but I would hate to find that some subsidiary has quietly acquired better rights than us to the loan security. Is anyone sufficiently familiar to comment?
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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
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Post by ilmoro on Mar 2, 2021 10:19:25 GMT
A search for Social Money on Companies House yields:
SOCIAL MONEY LIMITED SOCIAL MONEY GROUP LIMITED SOCIAL MONEY HOLDINGS LTD SOCIAL MONEY SECURITY TRUSTEE LIMITED SOCIAL MONEY TWO LIMITED
and Social Money Limited has registered some kind of charge on 10 December in which various bits of company have shares in or charges over others. I'm sure this is relatively trivial compared to the affairs of say, Amazon or some of the borrowers on Archover but I can't tell whether this has the slightest impact on our arrangements. SoMo is kind of a special case in that we lend money to it, not to borrowers directly as peer-to-peer loans under article 36H. For all I know this is just some family tax planning on the part of the owners, but I would hate to find that some subsidiary has quietly acquired better rights than us to the loan security. Is anyone sufficiently familiar to comment?
Social Money Holdings has no connection, and Social Money Security Trustee is dissolved Youve missed SOMO BRIDGING LIMITED (sub of SM Holdings) SOMO HOLDINGS LIMITED SOMO P2P LIMITED (Sub of SM Holdings) Charges all relate to a cĀ£8m loan note but seem very convoluted.
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