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Post by Ace on Feb 11, 2022 19:41:50 GMT
My withdrawal has hit my bank account now, following a notification email from CL.
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jcb208
Member of DD Central
Posts: 820
Likes: 606
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Post by jcb208 on Feb 11, 2022 19:46:50 GMT
And mine,must of sent them all in one batch,Now wait for the next repayment
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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: 10,851
Likes: 11,078
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Post by ilmoro on Feb 16, 2022 11:02:24 GMT
Several repayments just came through
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trium
Member of DD Central
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Post by trium on Feb 17, 2022 17:31:37 GMT
More today. Pleased to note that those that repaid after midday yesterday got an extra day's interest, also a couple of very recent loans received the minimum 1 month interest. Small details but it makes a difference to how one perceives the business.
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nyneil
Member of DD Central
Posts: 348
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Post by nyneil on Feb 17, 2022 17:53:57 GMT
The wind down is going very smoothly. It's just a pity it's a wind down and not a build up; I was optimistic about CL, sorry to see them go. I refrained from using the term 'wind up' as the opposite to 'wind down' as there's already too much of that in p2p
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Post by mfaxford on Feb 23, 2022 20:15:25 GMT
Several more closed today, based on my small portfolio there's not much more to go.
It'll be a shame when it finally goes but at least good to see a company that's been honest and tried to make something work.
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dh1
Member of DD Central
Posts: 373
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Post by dh1 on Feb 28, 2022 20:53:20 GMT
Has anyone figured out how to download the actually rather helpful tax statement yet? It is possible to screen scrape/print but the result will be a little inelegant....
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Post by Ace on Feb 28, 2022 21:20:10 GMT
Has anyone figured out how to download the actually rather helpful tax statement yet? It is possible to screen scrape/print but the result will be a little inelegant.... From their initial email that kicked off the wind-down: " For those requiring it, a final statement for tax will be available via the platform the website will be available to all lenders for a period of 12 months from the 8th of February. Connective Lending will issue an electronic copy (email) of the final tax statement to all lenders once all loans have been closed."
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toffeeboy
Member of DD Central
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Post by toffeeboy on Mar 2, 2022 11:03:58 GMT
Just got my last loan repaid
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,744
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Post by jonno on Mar 2, 2022 11:14:32 GMT
Just got my last loan repaid Yep ditto. Well that didn't take long did it? Shows what can be done with honest players. Still, a shame it's gone
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jcb208
Member of DD Central
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Post by jcb208 on Mar 2, 2022 11:46:42 GMT
Well done collective lending for returning all our money, that doesn't happen very often with P2P
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liso
Member of DD Central
Posts: 389
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Post by liso on Mar 2, 2022 11:47:29 GMT
Well done collective lending for returning all our money, that doesn't happen very often with P2P Agreed. Sorry to see them go.
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Post by overthehill on Mar 2, 2022 11:53:44 GMT
Danny / Connective Lending, I wish you success, feel free to use this thread as a business reference! One piece of advice about pawning Russian items, never mind...
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Post by connectivelending on Mar 2, 2022 15:27:54 GMT
Dear All, All of the loans and interest have now been repaid to Connective Lending Ltd. We are very sad also but ultimately the cost of compliance with regulation, now and in the future, proved to be hurdles that would be too costly to justify. Along with questions about by ability to use my experience to value assets and the apparent conflict of interest this created made the business not economical nor justifiable in the P2P sphere. My belief was that we could operate a well run and honest platform and that my experience was an asset and not a detriment to borrowers and lenders. I have bought all of the loans including all interest accrued and we will continue as a private entity.
We do have plans for a different way of raising funds to continue our growth so if there is any interest in our future plans, from sophisticated and experienced investors only, then by all means email us and we can add you to a list.
I would like to thank you all for such kind comments and the shared belief that we could all work together and show what a small but well run P2P could achieve. Alas, it was not meant to be.
Kindest regards and all of the very best in your future investments.
Danny Grimes
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 1,004
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Post by dave4 on Mar 2, 2022 15:38:59 GMT
Dear All, All of the loans and interest have now been repaid to Connective Lending Ltd. We are very sad also but ultimately the cost of compliance with regulation, now and in the future, proved to be hurdles that would be too costly to justify. Along with questions about by ability to use my experience to value assets and the apparent conflict of interest this created made the business not economical nor justifiable in the P2P sphere. My belief was that we could operate a well run and honest platform and that my experience was an asset and not a detriment to borrowers and lenders. I have bought all of the loans including all interest accrued and we will continue as a private entity. We do have plans for a different way of raising funds to continue our growth so if there is any interest in our future plans, from sophisticated and experienced investors only, then by all means email us and we can add you to a list. I would like to thank you all for such kind comments and the shared belief that we could all work together and show what a small but well run P2P could achieve. Alas, it was not meant to be. Kindest regards and all of the very best in your future investments. Danny Grimes You sir have at least 1 e mail.
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