Details posted in the Gazette today. Administrators now in control which means any payment are now subject to them not borrower. Will depend on finances of company whether they keep it going or move to realise assets.
Minor shareholder in AC, Brickowner, Welendus, W.alpha, Propifi, Orca, Ccube, Ass.XChange ABL
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Under 'P2P', 'Borrowers', 'B**********t G***p', Last post C*********k L*t Appointment of Administrators, it looks like the one I was in on Huddle, but I could be wrong.
You can find it from recent posts 6 hours ago.
Yes knew about that but still not clear how it affects this loan which made a capital and interest payment after the above news.
As ilmoro said, creditor payments now managed by admin as going concern unless liquidation is decided as best way for recovery, perhaps there was a prepayment or A***** covered the payment (they seem to have a history of making loan payments from their ‘float’). But be prepared for this affecting your loan repayments.
Huddle have just confirmed to me by e-mail that the £300k refurbishment of the nightclub (to make it valued at £400k as per the borrowing proposal) has not happened. So the 41% LTV has rather increased :-(