In September 2016 the peer-to-peer lending company Lendy Ltd facilitated a loan to Mederco (Cardiff) Ltd. Lendy were acting as agent for some 3600 retail investors who collectively financed a facility of £6.4m, secured by a First Charge against a site with the benefit of planning permission in Mynachdy, Cardiff. The loan description on theContinue reading “Duff & Phelps apply to correct Duff order in Mederco Cardiff case”
Court Report: 12/02/2021 @ The Rolls BuildingThis was an application made by the liquidators of the peer-to-peer lending company Collateral to adjourn a so-called oral enquiry.
Court report: 03/02/2021 @ The Upper Tribunal Lands Chamber This was an appeal following the decision of Judge Nicholas Nicol at the First-Tier Tribunal Property Chamber made back in June 2020. That hearing concerned an application made by four tenants of a property in Malden Crescent, London NW1, for the repayment of rent following allegedContinue reading “Landlord who “knowingly committing criminal acts” faces bigger penalty at Tribunal”
Court Report: 7th January 2021 @ The Court of Protection before DJ Beckley “Rest assured absolutely everything that could have been said on your behalf was” – I recall these words directed at a defendant by a Judge of the Crown Court whilst handing down a rather hefty sentence. Indeed, both barristers had done aContinue reading “Nagging doubt at the Court of Protection”
Following lengthy correspondence, a cache of court documents was finally released in the matter of Fundingsecure Ltd v Mark Damian Clarkson, a claim currently progressing at the Business and Property Courts in Manchester.
This was a hearing following an application made by the petitioner Assetz SME Capital Limited to bankrupt two debtors, Mr Budd and Ms Shrimpton, who purportedly had debt outstanding from a mortgage secured against a residential property. ICC Judge Barber started by detailing the backdrop for today’s hearing. She explained that at a non-attended pre-trialContinue reading “Assetz lenders face joinder to borrowers claim”
This was an application by the borrowing companies’ director Des Philips to set aside a Statutory Demand served upon him by Lendy Ltd (In Administration). The court was told loans advanced by Lendy Ltd had defaulted and they sought to rely upon the Personal Guarantee offered by the director to repay them.
In April 2017 the so-called peer-to-peer lending company Lendy Ltd facilitated a loan to Mederco Block A Ltd. Lendy were acting as agent for some 3500 retail investors who collectively financed a facility of £5.2m, secured by a First Charge against a property in West Yorkshire. The loan description on the Lendy website describes theContinue reading “150 Mederco investors stand to lose whole of investment”
Court Report: 16/10/2020 @ Manchester Civil Justice Centre This was a directions hearing concerning the matter of the so-called Peer-to-peer lending company FundingSecure Limited (in administration). FundingSecure acted as an agent in the facilitation of loans between borrowers and often many hundreds of retail investors. In October 2019 the company entered entered administration leaving someContinue reading “Directions for FundingSecure Limited – Part 1”