These fifty grand loans
Discussion
jammy-git said:
Has anyone been watching The Apprentice? Marnie mentioned she'd got a £50k BBL, despite the fact that she has no staff, no premises, and no turnover.
Yeah I heard that…But does she not have a gym already, or has she just been hard at work doing grant applications for funding from Sport England et al…abzmike said:
jammy-git said:
Has anyone been watching The Apprentice? Marnie mentioned she'd got a £50k BBL, despite the fact that she has no staff, no premises, and no turnover.
Yeah I heard that…But does she not have a gym already, or has she just been hard at work doing grant applications for funding from Sport England et al…Countdown said:
Richly deserved. But they should call him a conman not a 'businessman'.Ironically in jail, he will cost the country another £50K...
Simpo Two said:
Countdown said:
Richly deserved. But they should call him a conman not a 'businessman'.Ironically in jail, he will cost the country another £50K...
Out of interest, how easy is it to get out of paying these back? The only reason I ask is someone I know took out one of these loans and just recently he changed the name of his company.
Before this happened, A PSC09 "The company knows or has reasonable clause to believe that there is no registrable person or registrable relevant legal entity in relation to the company." was logged last year and then the same day a PSC01 "Notice of individual person with significant control" was added for him and his wife.
I know nothing about running a company but it all looks a bit suspicious, is this a tactic to get out of paying back the loan? I suspect this money was spent on finishing off a loft conversion that was started about 15 years previously and never finished.
Before this happened, A PSC09 "The company knows or has reasonable clause to believe that there is no registrable person or registrable relevant legal entity in relation to the company." was logged last year and then the same day a PSC01 "Notice of individual person with significant control" was added for him and his wife.
I know nothing about running a company but it all looks a bit suspicious, is this a tactic to get out of paying back the loan? I suspect this money was spent on finishing off a loft conversion that was started about 15 years previously and never finished.
https://www.dailymail.co.uk/femail/article-1237048...
Here's another £50K BBL down the toilet - plus who knows how much furlough cash.
Here's another £50K BBL down the toilet - plus who knows how much furlough cash.
Joey Deacon said:
Out of interest, how easy is it to get out of paying these back? The only reason I ask is someone I know took out one of these loans and just recently he changed the name of his company.
Before this happened, A PSC09 "The company knows or has reasonable clause to believe that there is no registrable person or registrable relevant legal entity in relation to the company." was logged last year and then the same day a PSC01 "Notice of individual person with significant control" was added for him and his wife.
I know nothing about running a company but it all looks a bit suspicious, is this a tactic to get out of paying back the loan? I suspect this money was spent on finishing off a loft conversion that was started about 15 years previously and never finished.
is it still the same Company with just a name change, or has he closed down the old company and set up a brand new one?Before this happened, A PSC09 "The company knows or has reasonable clause to believe that there is no registrable person or registrable relevant legal entity in relation to the company." was logged last year and then the same day a PSC01 "Notice of individual person with significant control" was added for him and his wife.
I know nothing about running a company but it all looks a bit suspicious, is this a tactic to get out of paying back the loan? I suspect this money was spent on finishing off a loft conversion that was started about 15 years previously and never finished.
if it's the former then anyd ebts will stay with the Company. If it's the latter and he's gone into administration or the company has been wound up then the debts effectively disappear. He might potentially get investigated for fraud but probably not.
So pissed off with this whole situation - literally billions of pounds wasted, much of it through fraud and HMRC do almost nothing to address it. Yet I don't detail the mileage correctly on my return and I end up with a full investigation, going through every single aspect of the return, wasting weeks of time.
cashmax said:
So pissed off with this whole situation - literally billions of pounds wasted, much of it through fraud and HMRC do almost nothing to address it. Yet I don't detail the mileage correctly on my return and I end up with a full investigation, going through every single aspect of the return, wasting weeks of time.
If it's tricky to catch the criminals, criminalise those who are easy to catch.Louis Balfour said:
If it's tricky to catch the criminals, criminalise those who are easy to catch.
Bingo. Speed cameras are the perfect example.Though stepping back a bit... for all the £50Ks lost fraudulently, would that money not have ended up back in the economy just like the £50Ks given non-fraudulently?
Simpo Two said:
Though stepping back a bit... for all the £50Ks lost fraudulently, would that money not have ended up back in the economy just like the £50Ks given non-fraudulently?
Some yes, which is partly why we are seeing huge inflation.A lot would have gone abroad though and quite a bit in the black economy.
Countdown said:
Simpo Two said:
Though stepping back a bit... for all the £50Ks lost fraudulently, would that money not have ended up back in the economy just like the £50Ks given non-fraudulently?
It’s a transfer of wealth from taxpayers to fraudsters.
s walk amongst us in depressingly large numbers.Where the government is at fault is for plainly not understanding that & then not doing enough to protect the rest of us from said thieving
s.55palfers said:
https://www.dailymail.co.uk/femail/article-1237048...
Here's another £50K BBL down the toilet - plus who knows how much furlough cash.
Sorry, please don’t tell me you’re buying into this transparent attempt by the Wail to wind back limited liability? His company has done busy. Creditors are owed money (as they usually are when firms go bust).Here's another £50K BBL down the toilet - plus who knows how much furlough cash.
That article seems to be just a litany of people who did no credit risk management.
We already have an unhealthy relationship with business failure in this country. Articles like this make it worse.
And I can’t see why this is “another £50k BBL down the toilet” - they were *meant* to be available to businesses who were in difficulties!
Countdown said:
Simpo Two said:
Though stepping back a bit... for all the £50Ks lost fraudulently, would that money not have ended up back in the economy just like the £50Ks given non-fraudulently?
It’s a transfer of wealth from taxpayers to fraudsters.C Lee Farquar said:
It seems to have been more effective than the transfer of wealth from taxpayers to Bankers in 2008?
Happy to be corrected but I'm not sure how the Govt bailouts benefitted bankers? They may have benefitted shareholders and especially savers but how did bankers benefit?Countdown said:
C Lee Farquar said:
It seems to have been more effective than the transfer of wealth from taxpayers to Bankers in 2008?
Happy to be corrected but I'm not sure how the Govt bailouts benefitted bankers? They may have benefitted shareholders and especially savers but how did bankers benefit?As to shareholders benefiting - tell that to anyone that had Lloyds shares at the time when Broon forced it to swallow Halifax
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