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Post by davee39 on May 2, 2014 12:15:39 GMT
I recall a previous loan request from this entrepreneur which had some fairly scathing Q & A's regarding previous ventures.
Just google N**** B******* Scam and make your own mind up.
Interestingly a You tube video praising this man by someone pretending to be an ordinary customer looks like it features an employee/partner.
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baz657
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Post by baz657 on May 2, 2014 13:09:52 GMT
It's also quite a feat that they've managed to keep the ratio of cost of sales to turnover at exactly 40.6% for both 2013 and 2014, even with a 57% increase of turnover. I'm no accountant but the 2014 management figures look like pure Jackanory (look it up for younger viewers) to me. Thanks for the heads up davee39. |
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fasty
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Post by fasty on May 2, 2014 13:11:38 GMT
Many thanks for the tip! Interestingly, unless I'm missing something obvious, loan 6034 seems to have vanished from the marketplace at the time of writing.... Curiouser and curiouser... 
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blender
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Post by blender on May 2, 2014 13:20:35 GMT
I recall a previous loan request from this entrepreneur which had some fairly scathing Q & A's regarding previous ventures. Just google N**** B******* Scam and make your own mind up. Interestingly a You tube video praising this man by someone pretending to be an ordinary customer looks like it features an employee/partner. Thanks Davee39. It is gone now, just as I was about to read the questions, and I sincerely hope FC have had second thoughts. Trying to stay within the forum rules. There was no substance, huge undefined intangible assets balanced out by roughly equal current liabilities. And it was a B! If I were such an applicant I would be hanging over the accept button with my fingers crossed waiting for 100%.
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wysiati
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Post by wysiati on May 2, 2014 13:39:09 GMT
I recall a previous loan request from this entrepreneur which had some fairly scathing Q & A's regarding previous ventures. Loan # 5030?
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Post by davee39 on May 2, 2014 13:47:54 GMT
Yes, its been pulled. FC saves £150k refund to lenders when it goes t*** u*.
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oldgrumpy
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Post by oldgrumpy on May 2, 2014 13:50:03 GMT
Makes one wonder who is responsible for agreeing to list it in the first place. Come on FC! Standards please! Can't find anything about 5030 so presumably I didn't bid even though rates were high at the time.
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merlin
Minor shareholder in Assetz and many other companies.
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Post by merlin on May 2, 2014 13:55:01 GMT
I recall a previous loan request from this entrepreneur which had some fairly scathing Q & A's regarding previous ventures. Just google N**** B******* Scam and make your own mind up. Interestingly a You tube video praising this man by someone pretending to be an ordinary customer looks like it features an employee/partner. What a fantastic example of the work and depth of research FC carry out on Due Diligence to ensure we don't fall victim to scammers. This should be seen by the FCA to show them just how terribly keen FC are to look after their investors interests, not.
UPDATE 2.30pm Saturday. Given all the machinations that FC have gone through in moderating Q & A's/relisting etc. they must be painting themselves into an position where when this loan goes belly up they will have no choice but to refund all borrowers. It certainly makes me wonder if anyone at FC is supervising what is going on with this loan. If they chose just to ignore the situation and send it to FCR they leave themselves wide open to masses of complaints going to the Financial Ombudsman and possibly the involvement of the FCA. Persistence in ignoring negative information coming to light in Q & A's has to be seen as negligence on the part of FC and yet again could raise the Spector of "obtaining money by false pretences" under the Theft Act.
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fasty
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Post by fasty on May 2, 2014 13:55:07 GMT
If I was feeling especially cynical, I might imagine that someone from FC had read davee39's original post...
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oldgrumpy
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Post by oldgrumpy on May 2, 2014 14:01:45 GMT
If I was feeling especially cynical, I might imagine that someone from FC had read davee39's original post... ...more probably "adrian" and his awfully polite but lengthy set of probing questions, and that other chap who asked about the diabolical "healthy" (!!!!) credit record and whether any outstanding bills might result in CCJs in the near future.
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blender
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Post by blender on May 2, 2014 14:13:09 GMT
I recall a previous loan request from this entrepreneur which had some fairly scathing Q & A's regarding previous ventures. Loan # 5030? Thanks, enabled a quick check of any inadvertant purchase. Not many parts for sale yet. Maybe after some thought FC decided that a couple of months after listing £150k to this guy's A rated company they perhaps ought not to give another unsecured £150k so easily to his other company. Lots of info about the pulled company on the old Q&A. Wonderful things intangible assets, quasi assets perhaps. So subjective, so portable - no screwdriver needed. As is commonly said the balance sheet is just a snapshot in time.
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Post by pepperpot on May 2, 2014 14:20:32 GMT
Note on 6034 says - "Error in listing. Loan will be listed shortly. Thanks, FC"
Might yet be resurrected!
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oldgrumpy
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Post by oldgrumpy on May 2, 2014 15:00:27 GMT
Note on 6034 says - "Error in listing. Loan will be listed shortly. Thanks, FC" Might yet be resurrected! Well, the first question may well be, "If your personal director's guarantee" of £150K is in the same name as the earlier director's guarantee of £150K, why have you not provided real assets as security? FC requires this for loans >£150K, and your total is £300K. Three-legged-bloodhound, prepare thy teeth!
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blender
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Post by blender on May 2, 2014 15:12:46 GMT
I am thinking of having £20 in it just for the entertainment. There are not many ways to have so much fun for £20 now.
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Post by phlitb on May 2, 2014 15:15:26 GMT
Well, here it is, 6043 - but now listed as anonymous!!
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