jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,744
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Post by jonno on Feb 13, 2023 15:19:25 GMT
This naughty boy is playing up again. Indeed. Most tiresome,… How many times is this ?. IIRC this is the third time they've had to send "The Boys" around.
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Post by overthehill on Feb 13, 2023 18:40:21 GMT
Indeed. Most tiresome,… How many times is this ?. IIRC this is the third time they've had to send "The Boys" around.
Maybe the "Smellies" this time, they never wipe their feet either.
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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 Feb 28, 2023 16:40:15 GMT
Update posted.
no funds,
getting tuff.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
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Post by mcfc on Feb 28, 2023 17:26:25 GMT
Never a dull moment with these(M@@@@@@o) clowns
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Feb 28, 2023 17:45:54 GMT
Not looking good two loans needing enforcement to pay. I doubt this one will have funds to repay the loan. But so far Qardus have been good on getting repayments, fingers crossed.
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Post by df on Feb 28, 2023 22:27:14 GMT
Not looking good two loans needing enforcement to pay. I doubt this one will have funds to repay the loan. But so far Qardus have been good on getting repayments, fingers crossed. I doubted B S*** T****** will be repaying anything when the issue was announced three months ago, but we got the first repayment today. This gives me some hope that Q will get Mul**co to repay. It's not the same situation, BST ceased trading and director has provided a statement - this one is just not paying and not communicating. However, I trust Q won't be kicking the can.
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Greenwood2
Member of DD Central
Posts: 4,244
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Post by Greenwood2 on Mar 22, 2023 19:48:17 GMT
Not looking good two loans needing enforcement to pay. I doubt this one will have funds to repay the loan. But so far Qardus have been good on getting repayments, fingers crossed. I doubted B S*** T****** will be repaying anything when the issue was announced three months ago, but we got the first repayment today. This gives me some hope that Q will get Mul**co to repay. It's not the same situation, BST ceased trading and director has provided a statement - this one is just not paying and not communicating. However, I trust Q won't be kicking the can. Still not good news, but hopeful.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on May 5, 2023 17:49:17 GMT
Another update, summering. Q. pay us or legals Lender promised to cough up..... didnt... Q. Right legals go get em.
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Post by df on May 5, 2023 20:03:22 GMT
Another update, summering. Q. pay us or legals Lender promised to cough up..... didnt... Q. Right legals go get em. Not a lot they can do with PG, but let's hope for the best possible outcome.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on May 5, 2023 20:15:20 GMT
At least they are trying.
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Post by Ace on May 6, 2023 8:33:33 GMT
The company still seems to be operating, but accounts are overdue since 31/12/22.
First gazette notice for compulsory strikeoff was given on 28/3/23, suspended on 5/4/23.
A charge against all company assets was registered on 9/3/22 to another lender, just before our loan started. So, we are fully reliant on the PG.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on May 19, 2023 7:56:40 GMT
A charge against all company assets was registered on 9/3/22 to another lender, just before our loan started. So, we are fully reliant on the PG. This was not disclosed in the offer document. If Q were unaware of it either they were at fault in not checking or if the loan had not yet been shown on the Companies House Register and M did not disclose it this would prima facae amount to fraud IMO.
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Post by Ace on May 19, 2023 8:39:57 GMT
A charge against all company assets was registered on 9/3/22 to another lender, just before our loan started. So, we are fully reliant on the PG. This was not disclosed in the offer document. If Q were unaware of it either they were at fault in not checking or if the loan had not yet been shown on the Companies House Register and M did not disclose it this would prima facae amount to fraud IMO. I'm no expert in these things so could be wrong, but... As this is an unsecured loan with no security or negative pledge taken, M would be free to take on other loans as long as they believed that they would be able to repay them. We're essentially reliant on the PG.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on May 19, 2023 9:56:55 GMT
This was not disclosed in the offer document. If Q were unaware of it either they were at fault in not checking or if the loan had not yet been shown on the Companies House Register and M did not disclose it this would prima facae amount to fraud IMO. I'm no expert in these things so could be wrong, but... As this is an unsecured loan with no security or negative pledge taken, M would be free to take on other loans as long as they believed that they would be able to repay them. We're essentially reliant on the PG. I'm no expert either, but Q did list long term liabilities including a £50k Bounce Back loan in 2021, but nothing about this loan. It seems to me to be reasonable for a potential investor to assume that there were no other liabilities.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Aug 26, 2023 10:29:40 GMT
A new update has been posted but doesn't say much other than legal procedures are taking their course. I'm really not sure whether we'll see anything back from this one , but live in hope.
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