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Post by siatou on Mar 29, 2014 15:32:33 GMT
Should I be worrying ?? On www.windinguppetitionssolictors.co.uk the Companies Court Winding Up List for 10 March 2014 shows E-T*****Y TRADING LTD. This company is shown as part of the E-T*****Y group according to the document associated with the loan. Probably easy to by searching thru Google which is how I stumbled across it. So ?? |
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 29, 2014 15:57:32 GMT
And interestingly 2.5k appeared on AM  |
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Post by pepperpot on Mar 29, 2014 16:04:03 GMT
And interestingly 2.5k appeared on AM make that 3.5k  want some?
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andy2001
Member of DD Central
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Post by andy2001 on Mar 29, 2014 16:08:22 GMT
I sold all mine just before anyone else put there's up for sale. After reading this post and checking a free website.
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Post by batchoy on Mar 29, 2014 16:10:54 GMT
Not overly, the loan is to E-T*****Y Ltd not E-T*****Y Trading Ltd so our interests should be insulated. It looks like they picked up a CCJ and the claimant has possibly gone to the next stage by looking to have the company wound up in order to get their money
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gnasher
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Post by gnasher on Mar 29, 2014 16:16:38 GMT
.... and given that this loan is 5 months old and interest is rolled up and paid at term, this could be a very good buy!
Hmmmmmmmm .......
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andy2001
Member of DD Central
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Post by andy2001 on Mar 29, 2014 16:20:09 GMT
.... and given that this loan is 5 months old and interest is rolled up and paid at term, this could be a very good buy! Hmmmmmmmm ....... When loan units are sold on the aftermarket, unpaid interest up to the time of sale goes to the seller when it's paid by the borrower. Interest after this date goes to the buyer.
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gnasher
Member of DD Central
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Post by gnasher on Mar 29, 2014 16:30:06 GMT
Ah yes, of course. Perhaps it is a good job I did not hit that buy button!
Even so, happy to stick with my current smallish position.
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shimself
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Post by shimself on Mar 29, 2014 16:48:28 GMT
Should I be worrying ?? On www.windinguppetitionssolictors.co.uk the Companies Court Winding Up List for 10 March 2014 shows E-T*****Y TRADING LTD. This company is shown as part of the E-T*****Y group according to the document associated with the loan. Probably easy to by searching thru Google which is how I stumbled across it. So ?? spelling windinguppetitionsolicitors.co.uk
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 29, 2014 16:58:54 GMT
Nope,this one's not for me.Why risk it when there's other opportunities in the short-term pipeline?
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Post by westcountryfunder on Mar 29, 2014 17:36:59 GMT
Nope,this one's not for me.Why risk it when there's other opportunities in the short-term pipeline? Thanks for that jonno, sold my three loan parts almost instantly. They were right at the end of the list so why mine went first, I don't know!
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duck
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Post by duck on Mar 29, 2014 17:37:14 GMT
London Gazette Notice
Notice type: Petitions to Wind-Up (Companies)
Company: E-T*****Y Trading Ltd
Date: 26 Feb 2014 Edition: London Gazette
Reference: 2004728 Issue: 60792 Page: 4053
A Petition to wind up the above-named Company, Registration Number *******, of ******, presented on 21 January 2014 by the Commissioners for HM Revenue and Customs, of Bush House, Strand, London, WC2B 4RD, claiming to be Creditors of the Company, will be heard at the Royal Courts of Justice, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, on <<MOD Edit: early/mid march>> at 1030 hours (or as soon thereafter as the Petition can be heard). Any persons intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioners or to their Solicitor in accordance with Rule 4.16 by 1600 hours on 7 March 2014.
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Post by oldatheist on Mar 29, 2014 17:52:50 GMT
Not overly, the loan is to E-T*****Y Ltd not E-T*****Y Trading Ltd so our interests should be insulated. It looks like they picked up a CCJ and the claimant has possibly gone to the next stage by looking to have the company wound up in order to get their money Not so sure about that, same trading address and directors. The winding up request has been started by HMRC who of cause will be top of the pecking order when it comes to sharing out any recoverable debts.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Mar 29, 2014 18:07:46 GMT
Is the winding up order against a subsidiary of the co? If I recall correctly, they were backed heavily by a capital venture firm with something like £10m & the loan was/is fully secured. So, find this situation quite odd & surely AC would have known about it via their regular monitoring. Can andrewholgate investigate & provide us a definite answer if there are any issues or not? |
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andy2001
Member of DD Central
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Post by andy2001 on Mar 29, 2014 18:08:18 GMT
Not overly, the loan is to E-T*****Y Ltd not E-T*****Y Trading Ltd so our interests should be insulated. It looks like they picked up a CCJ and the claimant has possibly gone to the next stage by looking to have the company wound up in order to get their money Not so sure about that, same trading address and directors. The winding up request has been started by HMRC who of cause will be top of the pecking order when it comes to sharing out any recoverable debts.
How high does a debenture rank?
My understanding is that debenture holders rank very high up the list of creditors in the event of a company failure. Higher even than HMRC. Is this correct, and where can I find a list of the 'pecking order' please, if one exists?
Arthur Weller replies:
A debenture is a written acknowledgement of a debt by a company. Debentures are usually secured by a floating charge or a fixed and floating charge. In insolvency, the first creditors who receive payment are the secured creditors who have a fixed charge over a specific asset or assets of the company, e.g. a mortgage lender who has security against a property. Next on the list are preferential creditors, e.g. staff wages. Next to receive payment will be creditors who hold a floating charge. This occurs when a debt is secured against general rather than specific assets of the company. Next on the list are unsecured creditors, e.g. unpaid trade creditors, unpaid taxes (e.g. PAYE, VAT etc.). Before September 2003, HMRC were classed as a preferential creditor, but now they are classed as an unsecured creditor.
www.taxinsider.co.uk/770-How_high_does_a_debenture_rank.html#options
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