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Post by MoneyThing on May 17, 2018 14:12:45 GMT
Afternoon,
The Administrator is working on all the recoveries with equal effort. This site however is taking a little longer to get the finalised costings due to it being less advanced in terms of progress than Plymouth as well as being a more complex site. Shouldn't be too much longer now.
Regards,
Ed
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sjg
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Post by sjg on May 29, 2018 17:31:47 GMT
Any more updates on this one yet Moneything?
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seb8072
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Post by seb8072 on Jun 10, 2018 9:19:00 GMT
Last formal update nearly two months ago now.
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james21
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Post by james21 on Jun 10, 2018 18:23:47 GMT
Is it that difficult to update investors even if the final plan is not identified? not impressed
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Monetus
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Post by Monetus on Jun 12, 2018 15:56:22 GMT
Would really appreciate an update on this one MoneyThing Last post that it "shouldn't be too long now" was a month ago.
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Post by MoneyThing on Jun 12, 2018 15:58:57 GMT
Would really appreciate an update on this one MoneyThing Last post that it "shouldn't be too long now" was a month ago. Acknowledged. We plan to get an update out on all the defaulted loans tomorrow. Regards, Ed.
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Monetus
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Post by Monetus on Jun 12, 2018 16:02:04 GMT
Would really appreciate an update on this one MoneyThing Last post that it "shouldn't be too long now" was a month ago. Acknowledged. We plan to get an update out on all the defaulted loans tomorrow. Regards, Ed. Good stuff... thanks Ed!
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james21
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Post by james21 on Jun 13, 2018 18:24:03 GMT
Latest update """The administrator is nearing completion of their initial assessment. Delays were caused by trying to make contact with various contractors who have worked on the site, however they have now been able to make contact.
Meanwhile, the administrator has instructed a sales agent to put the site on the market in order to gauge the level of interest in the site as it stands. Please see the following link to the sales particulars: <link redacted by mod> Quite poor really, unfortunately MT are out of their depth
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hazellend
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Post by hazellend on Jun 13, 2018 19:00:15 GMT
Latest update """The administrator is nearing completion of their initial assessment. Delays were caused by trying to make contact with various contractors who have worked on the site, however they have now been able to make contact. Meanwhile, the administrator has instructed a sales agent to put the site on the market in order to gauge the level of interest in the site as it stands. Please see the following link to the sales particulars: <link redacted by mod> Quite poor really, unfortunately MT are out of their depth Can you elaborate, I’m not sure what you mean?
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Post by funkymonkey on Jun 13, 2018 19:42:12 GMT
Latest update """The administrator is nearing completion of their initial assessment. Delays were caused by trying to make contact with various contractors who have worked on the site, however they have now been able to make contact. Meanwhile, the administrator has instructed a sales agent to put the site on the market in order to gauge the level of interest in the site as it stands. Please see the following link to the sales particulars: <link redacted by mod> Quite poor really, unfortunately MT are out of their depth Eh, please elaborate. What brings you to this conclusion?
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Monetus
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Post by Monetus on Jun 13, 2018 19:50:05 GMT
Thanks for the update Ed.
Glad we're close to getting the administrators report. The photos suggest there is still significant work to be done!
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averageguy
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Post by averageguy on Jun 13, 2018 20:11:28 GMT
Latest update """The administrator is nearing completion of their initial assessment. Delays were caused by trying to make contact with various contractors who have worked on the site, however they have now been able to make contact. Meanwhile, the administrator has instructed a sales agent to put the site on the market in order to gauge the level of interest in the site as it stands. Please see the following link to the sales particulars: <link redacted by mod> Quite poor really, unfortunately MT are out of their depth Cant say I agree ...and think the criticism is unwarranted ..things may not happen as quick as we all would like (click click)...but I've never been of the opinion that MT are out of their depth....still you are entitled to your opinion....and I'm just giving mine
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mv
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Post by mv on Jun 13, 2018 20:25:02 GMT
I am concerned that the estimated GDV on the sales website is significantly less than the loan value...it does seem to assume only 6 houses being built rather than the 10 planning exists for but even so...
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withnell
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Post by withnell on Jun 14, 2018 5:37:28 GMT
I am concerned that the estimated GDV on the sales website is significantly less than the loan value...it does seem to assume only 6 houses being built rather than the 10 planning exists for but even so... I initially thought that too - they have two sets of details, you need to scroll down quite a bit to find the 4 houses set!
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Monetus
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Post by Monetus on Jul 10, 2018 9:14:15 GMT
The Administrators report on this one is really dragging.... especially as the one for Plymouth came quickly (3 months ago now) and swift appropriate action was taken.
As the Administrators managed to make contact with contractors a month ago, can we expect this report soon so we know where we stand?
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