|
|
Post by pepperpot on Mar 21, 2015 11:06:51 GMT
...a rose by any other name... AIUI, a debenture is just the name used to describe a first charge over a company and it encompasses any current or future assets/debtors/WIP/etc. Basically any value a company thinks it has is ours until the debenture is released by the debt being repaid.  |
|
|
|
Post by clarcombe on Mar 21, 2015 12:37:45 GMT
I think that is the story of my life. I have often leapt before looking.
I have read the reports and am prepared to go for an existing loan Kidderminster and the 21st Century. If, by adding essentially an overdraft, they manage their cash better and it costs them less to do this than their existing methodology, then it seems to be a good bet.
I've allocated the funds, but they have not drawn down yet. If I change my mind before drawdown, can I withdraw the funds ?
Thanks
Colin
|
|
alison
Member of DD Central
Sanctuary!!
Posts: 356 
Likes: 99
|
Post by alison on Mar 21, 2015 12:45:30 GMT
I think that is the story of my life. I have often leapt before looking. I have read the reports and am prepared to go for an existing loan Kidderminster and the 21st Century. If, by adding essentially an overdraft, they manage their cash better and it costs them less to do this than their existing methodology, then it seems to be a good bet. I've allocated the funds, but they have not drawn down yet. If I change my mind before drawdown, can I withdraw the funds ? Thanks Colin The loans have drawn down - they are in the Live Loans list. You can always put your loan parts up for sale by reducing your target.
|
|
|
|
Post by clarcombe on Mar 21, 2015 13:14:20 GMT
I mean I have added how much I want to invest in each, but nothing seems to have been taken yet. I still have all the funds available that I have transferred
|
|
sqh
Member of DD Central
Before P2P, savers put a guinea in a piggy bank, now they smash the banks to become guinea pigs.
Posts: 1,428 
Likes: 1,212
|
Post by sqh on Mar 21, 2015 13:19:07 GMT
I mean I have added how much I want to invest in each, but nothing seems to have been taken yet. I still have all the funds available that I have transferred You may need to transfer funds from your cash account to the Manual Loan Investments Account. Do this via the Adjust Investment Tab.
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Mar 21, 2015 15:53:25 GMT
Oh that's interesting, why?
|
|
|
|
Post by lynnanthony on Mar 21, 2015 16:50:50 GMT
Oh that's interesting, why? Why what?! Guessing, why the thing against aged directors? It's not an absolute but it does make me look to find mitigants. In my limited experience, several loans that have gone bad or haven't gone at all have involved aged directors. More likely to be irascible and not play properly, picking up the ball (which isn't theirs) and stalking off? If there are aged directors I like to see an obvious succession plan (son or daughter already in the business perhaps, ready to step in).
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Mar 21, 2015 19:05:50 GMT
Oh that's interesting, why? Why what?! Guessing, why the thing against aged directors? It's not an absolute but it does make me look to find mitigants. In my limited experience, several loans that have gone bad or haven't gone at all have involved aged directors. More likely to be irascible and not play properly, picking up the ball (which isn't theirs) and stalking off? If there are aged directors I like to see an obvious succession plan (son or daughter already in the business perhaps, ready to step in). Well well. I think I could argue it the other way in theory, young being overconfident, lacking in some skills or experience etc, and definitely more liable to have a tantrum. The older director having a much reduced chance to start over. My best prejudice driven danger sign is flash cars (I'm told that Assetz have that problem). Oh and above all else the answer, I don't know I'll have to ask the accountant.
|
|
