dovap
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Post by dovap on Nov 24, 2017 16:18:34 GMT
Come now the illness must be genuine
it'll have been checked up upon for sure
remember it's the security that matters that's all
yeah right
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Post by dualinvestor on Nov 24, 2017 16:38:22 GMT
Don't know why everyone is "surprised"  probably only move three or four in a very long playbook written by D**. |
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r1200gs
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Post by r1200gs on Nov 24, 2017 16:41:40 GMT
Don't know why everyone is surprised probably only move three or four in a very long playbook written by D**. I don't think many people are surprised. Poor old DP sick eh? Nothing trivial I hope.
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Balder
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Post by Balder on Nov 24, 2017 17:17:47 GMT
Don't know why everyone is surprised probably only move three or four in a very long playbook written by D**. I don't think many people are surprised. Poor old DP sick eh? Nothing trivial I hope. Someone call a vet, do the humane thing.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Nov 24, 2017 17:43:30 GMT
Same old MO. First borrower claims abuse of process to delay the repossession hearing. Now the director is ill and it's delayed by over another month. Wonder what will be next. I believe he will be kidnapped by a gang of singing cider drinkers & then abducted by aliens. I think thats how it usually goes in these cases.
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Post by da2279 on Dec 9, 2017 9:56:52 GMT
Seems a different receiver was appointed on the 11th Nov, RM01 form filed at CH 4th Dec.
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seeingred
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Post by seeingred on Feb 10, 2018 13:29:05 GMT
We hope to obtain vacant possession of the property at the forthcoming court hearing on 9 February 2018.
Hope is a wondrous thing..... 
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dovap
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Post by dovap on Feb 20, 2018 23:45:52 GMT
yes hope indeed but
what a tremendous bit of good fortune for Des.
No doubt the crack lendy team are on top of this
(and the connected company strike off)
still it's all about the asset innit
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Post by harryvederci on Apr 6, 2018 14:02:25 GMT
amused to see the borrower company has just filed accounts at CH.... tangible asset at cost 1/8/2015 £925,000 revaluation  £1,945,000 book value 31/7/16 £2,870,000 Was it really that long ago? Ly update 26/7/16 We have regular contact with the borrower, he is going to sell the property in order to repay our loan. He is a finance broker so has good lender contacts if repayment is needed through refinance as well. |
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GeorgeT
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Post by GeorgeT on May 6, 2018 16:35:35 GMT
Fortunately I'm not stuck in this one but I'm sure the outcome of this loan will be a matter of interest to many.
I note the much delayed hearing to obtain vacant possession of the property had been listed for last Friday - 4 May 2018. I wonder whether the hearing went ahead this time and, if so, what the outcome was.
Google informs me that the borrower, represented by his trusty solicitor who is no longer struck off, had a good win in a Scottish court last month so is on a run of form.
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nsinvestor
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Post by nsinvestor on May 12, 2018 18:09:41 GMT
according to the Lendy update (which may or may not be believed), vacant possession was granted. Plan for LPA receiver to let the units before sale.
Good news is that the capital value will increase as a good tenant will improve the covenant. The question of course is how long to find tenants and will they be 'good'??
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dovap
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Post by dovap on Jun 29, 2018 17:37:15 GMT
according to the Lendy update (which may or may not be believed), vacant possession was granted. Plan for LPA receiver to let the units before sale. Good news is that the capital value will increase as a good tenant will improve the covenant. The question of course is how long to find tenants and will they be 'good'?? well yes the 11th May update was all about letting those vacant units but then a couple of weeks later they were still trying to get possession and get the poor old Des out (and his liquidated firms) still trying early June and by the end of June Des is helping with a bit of renovation work on the now dilapidated new tin shed at least IBM have cleared off and been replaced but our lads are still hoping to take possession soon the loan that keeps giving
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nsinvestor
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Post by nsinvestor on Jul 24, 2018 7:28:49 GMT
5th May update - "Notwithstanding this, the hearing of 4 May 2018 went ahead and possession of the relevant units from the tenant company linked to the borrower was obtained"
20th July update - "The dilapidation works in relation to Unit 2 are almost complete. Possession proceedings in relation to Unit 1 continue and should be resolved in the next 4-6 weeks."
Looks like Des (and/or his son) is still giving Lendy/the administrator the run around - 2.5 months to execute a court order and still counting....
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dovap
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Post by dovap on Aug 31, 2018 16:48:13 GMT
5th May update - "Notwithstanding this, the hearing of 4 May 2018 went ahead and possession of the relevant units from the tenant company linked to the borrower was obtained" 20th July update - "The dilapidation works in relation to Unit 2 are almost complete. Possession proceedings in relation to Unit 1 continue and should be resolved in the next 4-6 weeks." Looks like Des (and/or his son) is still giving Lendy/the administrator the run around - 2.5 months to execute a court order and still counting.... ..........and still counting (those pesky courts) be soon though for sure
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nsinvestor
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Post by nsinvestor on Aug 31, 2018 16:58:17 GMT
The tenant (in liquidation) has now appealed the possession order...
Is that the sound of wheels spinning still
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probably only move three or four in a very long playbook written by D**.
£1,945,000