adrianc
Member of DD Central
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Post by adrianc on Jan 23, 2016 19:33:34 GMT
I went looking for info on the directors of the company that shown as the applicant on the valuation, and its parent company, but didn't find anything that caused any concern. Was I looking at the right companies? Does the Companies House WebCheck show a list of directors without having to pay a fee or have a subscription? Why don't you start googling the "directors of" address of the campsite. From there you will find some names. Then head forward. . . .. . at some point you will need to do a right turn. Not nice, but at least it isn't fraud... The date of the first court hearing was a few weeks before he resigned the directorship, but a quick google doesn't find anything other than "was expected to start today" from the later trial date, eleven months before his reappointment. The publicity and reputational damage might go some way to explaining why they're trying to find alternative uses for the land, though.
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Post by reeknralf on Jan 23, 2016 19:44:43 GMT
8 of 15 reviews on tripadvisor give it 1/5. Apparently the toilets are a little unkempt.
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star dust
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Post by star dust on Jan 23, 2016 20:03:39 GMT
Why don't you start googling the "directors of" address of the campsite. From there you will find some names. Then head forward. . . .. . at some point you will need to do a right turn. Yes, the valuation also mentions the agreed sale price, so I think the current owners are selling to the applicant mentioned in the valuation, and the applicant is intending to apply for planning for change of use and redevelopment of one type or another, presumably after purchase, in April. I imagine the loan is for purchase with a view to redevelopment if planning is successful, hopefully more info will appear in the property summary at some point. it looks very wet, wonder if someone will get a flood risk report before it's a done deal  .
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ben
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Post by ben on Jan 23, 2016 20:10:30 GMT
As there is nothing else except that I would guess the case was dropped as if he had been found guilty they would have published that story too
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Post by GSV3MIaC on Jan 23, 2016 20:27:23 GMT
I would suggest doing a local newspaper search on one of the directors, nothing to do with property valuations. This one is not for me. I'm with you. I am unable to discover an outcome for this though .. lots of announcements of the upcoming tr**l, but nothing after. Maybe it was all smoke and no fire??
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Post by GSV3MIaC on Jan 23, 2016 20:29:12 GMT
8 of 15 reviews on tripadvisor give it 1/5. Apparently the toilets are a little unkempt. Gee, just look at the photo (maybe there was a reason to take it in the dark?) .. I wouldn't park MY caravan there!! It all looks pretty unkempt, from the road on up .. was it maybe a POW camp (or is it still!).
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ben
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Post by ben on Jan 23, 2016 20:36:24 GMT
I am unable to discover an outcome for this though .. lots of announcements of the upcoming tr**l, but nothing after. Maybe it was all smoke and no fire?? There in nothing except it was due to start so I guess nothing became of it and the local paper got bored of the story, if it had gone to court they would certainly have been there and it would have been all over the local front paper front page. I would guess they could find no evidence to back up the allegation so was quietly dropped
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 23, 2016 21:26:32 GMT
I am unable to discover an outcome for this though .. lots of announcements of the upcoming tr**l, but nothing after. Maybe it was all smoke and no fire?? There in nothing except it was due to start so I guess nothing became of it and the local paper got bored of the story, if it had gone to court they would certainly have been there and it would have been all over the local front paper front page. I would guess they could find no evidence to back up the allegation so was quietly dropped .......or maybe there was a settlement out of court. I don't know. Maybe I got ahead of myself earlier. My old man always taught me that you’re innocent until proven guilty You know what; maybe this is why accused people should remain anonymous until found guilty. This guy could be guilty of something, but he is just as likely to be innocent. Now because of one news story, some of us are looking, judging and thinking “no way I’m going to invest in this”. Nope; I’m going back on what I said earlier. My prefunding is back on as this looks to be a sound investment.
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ben
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Post by ben on Jan 23, 2016 21:56:13 GMT
There in nothing except it was due to start so I guess nothing became of it and the local paper got bored of the story, if it had gone to court they would certainly have been there and it would have been all over the local front paper front page. I would guess they could find no evidence to back up the allegation so was quietly dropped .......or maybe there was a settlement out of court. I don't know. Maybe I got ahead of myself earlier. My old man always taught me that you’re innocent until proven guilty You know what; maybe this is why accused people should remain anonymous until found guilty. This guy could be guilty of something, but he is just as likely to be innocent. Now because of one news story, some of us are looking, judging and thinking “no way I’m going to invest in this”. Nope; I’m going back on what I said earlier. My prefunding is back on as this looks to be a sound investment. I agree innocent to proven guilty, if it was settled out of court it will still have reported , for it to have gone quiet the charges must have been dropped so the press lost interest in the story. I totally agree on the anonymity until proven guilty, even if they are guilty/innocent how can it be a fair trial with a jury when its in all the paper saying they are guilty. I also have kept my prefunding on this one too
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ablender
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Post by ablender on Jan 23, 2016 23:44:43 GMT
So do you think it is a safe loan from all sides?
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Post by savingstream on Jan 24, 2016 9:41:24 GMT
This is one of the problems of putting up loans on the pipeline without enough information - people jump to the completely wrong conclusions.
This is a sale to our borrower, not a loan to the existing owner.
Apologies for the 'misleading' title, just a clerical error and has now been amended. Please remember that the pipeline is an evolving creature and no investments decisions should be made until ALL information is made available.
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webwiz
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Post by webwiz on Jan 24, 2016 10:16:54 GMT
This is one of the problems of putting up loans on the pipeline without enough information - people jump to the completely wrong conclusions. This is a sale to our borrower, not a loan to the existing owner. Apologies for the ' misleading' title, just a clerical error and has now been amended. Please remember that the pipeline is an evolving creature and no investments decisions should be made until ALL information is made available. Thanks for the clarification. I would not worry about the chatter on this forum based on insufficient information. We are mainly just bouncing ideas about. But every now and then we spot something that you should be aware of - like this clerical error.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jan 24, 2016 12:24:31 GMT
This is one of the problems of putting up loans on the pipeline without enough information - people jump to the completely wrong conclusions. This is a sale to our borrower, not a loan to the existing owner. Apologies for the ' misleading' title, just a clerical error and has now been amended. Please remember that the pipeline is an evolving creature and no investments decisions should be made until ALL information is made available. Thanks for clearing that up for us savingstream We're just a lot of impatient cats who are way too curious for our own good  ! Just an idea; when adding a new pipeline loan it would be great if we had a simple PDF with a summery of what the loan entails; a bit like the Loan Particulars that is attched to some of the loans.
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Post by Financial Thing on Jan 24, 2016 15:11:32 GMT
The reason I mentioned this clerical issue in the first place is there are some of our fellow investors who don't look at the documents. I didn't want someone to invest blindly thinking the land had planning permission. (Yes I know in a perfect world everyone would read everything but it simply doesn't happen).
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Post by ladywhitenap on Jan 24, 2016 16:59:25 GMT
Just an idea; when adding a new pipeline loan it would be great if we had a simple PDF with a summery of what the loan entails; a bit like the Loan Particulars that is attached to some of the loans. Excellent suggestion. The first thing to accompany an entry into the pipeline should be an executive summary, not necessarily complete but be updated in the manner of a cumulative journal (without deleting anything that has gone before). This document should stay with the loan through out its lifetime including if the loan does not go ahead so we can avoid the "whatever happened to the cats orphanage loan" type posts when loans do not go ahead. The pipeline can have branch where uncompleted loans can reside for some period say 3 months before being deleted. LW
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