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Post by cpaken on Jan 30, 2024 11:46:49 GMT
Hi all,
I've invested in two p2p platforms (Moneything and Collatoral) via my ltd company, what's the best way to transfer the loans to my personal name so that if I do need to close the ltd I would still be entitled to the repayments?
Any advice would be reallly appreciated.
Thanks
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jan 30, 2024 12:04:11 GMT
Hi all,
I've invested in two p2p platforms (Moneything and Collatoral) via my ltd company, what's the best way to transfer the loans to my personal name so that if I do need to close the ltd I would still be entitled to the repayments?
Any advice would be reallly appreciated.
Thanks
not sure you can - but happy to be corrected.
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iRobot
Member of DD Central
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Likes: 2,450
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Post by iRobot on Jan 30, 2024 12:23:45 GMT
Hi all,
I've invested in two p2p platforms (Moneything and Collatoral) via my ltd company, what's the best way to transfer the loans to my personal name so that if I do need to close the ltd I would still be entitled to the repayments?
Any advice would be reallly appreciated.
Thanks
Didn't have to trouble MT as I had, fortunately, already exited but for COL I responded to an email received on 30-Mar, 2023 from INVESTORCOLLATERAL@bdo.co.uk with the subject line: 'Collateral – Investor Bank Account Details' and advised them of a change to the bank account details. I didn't get confirmation but it appears to have been actioned* as the subsequent payment did arrive in the correct account. (* Whether they should have actioned it - AML, etc - is a another matter!) Good luck.
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Jan 30, 2024 12:26:09 GMT
I would have said ask the companies, but since they are in administration and liquidation getting any sort of helpful response would be unlikely. I suspect you will have to keep the company running until the administrations are complete.
Edit: As said by irobot just changing the bank account might solve your problem, but wouldn't be a proper transfer of the assets, and I don't know what the tax implications would be.
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Post by cpaken on Jan 30, 2024 12:48:48 GMT
Thanks iRobot, that's a good idea.
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