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Wow
May 22, 2017 10:52:49 GMT
via mobile
Post by grahamreeds on May 22, 2017 10:52:49 GMT
Tax Payment Loan (34673) Working Capital (16170) Expansion and Renewal Loan (2313)
34673 made 1 payment on a 50k loan while in the 3 previous years the company made 300k profit. E rated.
16170 made 19 payments on a 100k loan. The year prior to this loan they made 250k profit. Possibly C rated.
2313 made 50 payments on a 100k loan. The 6 months prior to this they posted a 90k profit.
All of them today: This loan has been downgraded as we have received notification of a winding up petition filed against the business.
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r00lish67
Member of DD Central
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Wow
May 22, 2017 13:47:32 GMT
Post by r00lish67 on May 22, 2017 13:47:32 GMT
Sounds nasty - what sort of business is it?
These winding-up petitions do, surprisingly often, end up being dismissed though and the risk band reinstated. So all is not quite lost yet, although the E rating does of course somewhat suggest it may not end well.
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