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Post by lb on Nov 4, 2015 11:06:13 GMT
What does the term "proposal to strike off" means in relation to a ltd company? means companies house are threatening to strike off the company preventing it from trading any longer - usually something minor like late filing of accounts/annual return
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ablender
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Post by ablender on Nov 4, 2015 11:08:28 GMT
thanks. When it happens on a few of the companies that one is director of, it can start raising questions. Add this to other information elsewhere and all alarm bells start blaring out.
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Post by savingstream on Nov 4, 2015 11:41:53 GMT
We have discussed this with the valuer in some depth and feel comfortable with the situation and the valuation.
The introducing broker is just that.
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ablender
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Post by ablender on Nov 4, 2015 11:43:59 GMT
So the person mentioned on the document is not the person we are lending to. Is this correct?
If this is correct, is there any relationship or association between the person mentioned in the document and the borrower?
Edit:
"Tenure
We have not been supplied with copies of the registered title and as such assume it to be held on a long leasehold Title. We further assume the Title is free from restrictive covenants or onerous restrictions."
Who is the borrower and is he the owner of the land?
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jonno
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Post by jonno on Nov 4, 2015 12:11:45 GMT
With the greatest respect to all concerned, can we delay this debate until we've all had a chance of reviewing the relevant documentation?
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ablender
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Post by ablender on Nov 4, 2015 12:25:15 GMT
The documentation has already been there and taken down. This is the time to raise questions.
Edit: I do not think that I am allowed to post this as an attachment here so you might want to ask SS for a copy.
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registerme
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Post by registerme on Nov 4, 2015 12:49:33 GMT
Or start a new thread about the Shropshire loan? I missed the docs while they were up, so a specific thread discussing this offering would be more useful to me than having it buried in the general pipeline thread.
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Post by savingstream on Nov 4, 2015 13:00:13 GMT
So the person mentioned on the document is not the person we are lending to. Is this correct? If this is correct, is there any relationship or association between the person mentioned in the document and the borrower? Edit: "Tenure We have not been supplied with copies of the registered title and as such assume it to be held on a long leasehold Title. We further assume the Title is free from restrictive covenants or onerous restrictions." Who is the borrower and is he the owner of the land? Correct, he is just a broker involved in the chain somewhere. The borrower is a separate person and has nothing to do with the broker mentioned on the initial valuation document that we released earlier today. We are having a fresh valuation written at the moment and will put it up when received. All information will be released in time for your review.
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ablender
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Post by ablender on Nov 4, 2015 13:06:02 GMT
Or start a new thread about the Shropshire loan? I missed the docs while they were up, so a specific thread discussing this offering would be more useful to me than having it buried in the general pipeline thread. If the moderators see fit to move these posts to a Shropshire thread as suggested by registerme please.
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jonno
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Post by jonno on Nov 4, 2015 13:26:41 GMT
The documentation has already been there and taken down. This is the time to raise questions. Edit: I do not think that I am allowed to post this as an attachment here so you might want to ask SS for a copy. I'm sorry, but this IS NOT the time to raise questions. The correct time is when the documents that SS are putting forward as the basis on which investors are to base their decisions are made available to all.
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oldgrumpy
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Post by oldgrumpy on Nov 4, 2015 13:41:02 GMT
I'm sorry you're sorry. These questions stem from documents which were made available to all. No doubt we'll have some new questions when the new documents are made available to all. Maybe SS will include why the original documents were suddenly (and so quickly) deemed inappropriate (or just plain wrong).
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jonno
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Post by jonno on Nov 4, 2015 14:15:21 GMT
I'm sorry you're sorry. These questions stem from documents which were made available to all. No doubt we'll have some new questions when the new documents are made available to all. Maybe SS will include why the original documents were suddenly (and so quickly) deemed inappropriate (or just plain wrong). Well in that case just have a bit of patience and ask these questions at the appropriate time.
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ablender
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Post by ablender on Nov 4, 2015 14:23:37 GMT
I'm sorry you're sorry. These questions stem from documents which were made available to all. No doubt we'll have some new questions when the new documents are made available to all. Maybe SS will include why the original documents were suddenly (and so quickly) deemed inappropriate (or just plain wrong). Well in that case just have a bit of patience and ask these questions at the appropriate time. Jonno. That is the whole point. This is the appropriate time. The fact that you did not get to see the documents does not mean that we who have seen them cannot comment on them. If you want a copy of the documents contact SS.
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jonno
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Post by jonno on Nov 4, 2015 14:32:05 GMT
Well in that case just have a bit of patience and ask these questions at the appropriate time. Jonno. That is the whole point. This is the appropriate time. The fact that you did not get to see the documents does not mean that we who have seen them cannot comment on them. If you want a copy of the documents contact SS. No. If SS withdrew the documents after what must have been a very short time, they will reissue them with the info ALL lenders will need with enough time to properly review them. Then, if you feel there are still issues that need clarification re either what is or isn't included, you will have ample time to ask all the questions you want.
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paulg
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Post by paulg on Nov 4, 2015 14:33:51 GMT
Did anyone notice that their prefunding for the Shropshire loan was zeroed? I think the loan value on that one has been increased so presumably everyone's pre-funding was reset to their default at the same time. On my records the "Petrol Station £650,000 £455,000 70%" has disappeared from position 4 above the Farm, and Shropshire land is new in position 5.
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