28-04-2018, 09:14 PM
(28-04-2018, 08:39 PM)dualinvestor Wrote: From the Administrators Proposals dated 23 March 2018 a leaked copy of which were posted on the P2P Independent ForumWould it be better to complain about the company, individual or both @dualinvestor ?
"The Administrator was contacted at 4.50pm on 14 March 2018 to advise that the FCA were
taking steps to remove the Administrator seeking the appointment of alternative administrators
based in London, and the Court hearing was set for 10.30am Friday, 16 March 2018.
The matter was vigorously defended and it was subsequently adjourned to be heard again in
April on the basis that certain restrictions were imposed on the Administrator including the
disposal of assets and funds being returned to investors."
This "vigorous defence" resulted in a six week adjournment during which the Administration was paused and reduced to the passive receipt of borrowers repayments. During this period 1) the quality of the loan book may have been damaged, 2) the directors will have had time to throw sand over their tracks with regard to their conduct.
Yet at the hearing despite his vigorous defence of 16 March, which may prove to be to the detriment of investors/creditors, Mr Craig did not make an appearance or be represented,
If you think this conduct should be investigated he is a member of The Institute of Chartered Accountants in England and Wales, Chartered Accountants' Hall, 11 Copthall Ave, London EC2R 7EF, How to make a complaint (link)