shimself
Member of DD Central
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Post by shimself on May 15, 2021 16:07:30 GMT
Anybody heard when we might be able to access money held in our accounts? I had a loan repaid around the time Thincats/BLN went into administration, keep requesting a withdrawal but no action. It’s all in FAQ 16 but basically client money held in accounts will be frozen for “several weeks” while the administrators verify they amounts due to each lender are correct and that the lenders identity and AML status are checked. AML checked AGAIN. Because presumably the administrators can slice £100 a head for doing it. Now these (and many others) are costs which should not be visited on investors, they should come out of the creditors pockets not ours
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pikestaff
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Post by pikestaff on May 20, 2021 17:22:48 GMT
Update received from the administrators this afternoon. Key points: 1. The court deadline for challenging the terms of the administration was yesterday. No challenge was received, so the administration can proceed as planned. 2. There will be no deduction from client account balances existing at the date of the administration. They could have charged for distributing them but will not. However, we won't be getting them yet. See 4. 3. The Joint Administrators' Proposals for managing the administration will be uploaded to the IPS portal within 8 weeks of their appointment (ie, by 8 June). Among other things, this document will "contain details and an invitation to both Lenders and creditors to form a Creditors’ Committee". 4. Work on AML/KYC continues. If you get an email about this please respond asap. "At this stage, it is hoped that the majority of Lenders will be able to withdraw their uninvested Client Monies allocated to Lenders’ accounts with the Company from the commencement of July 2021."  |
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Post by oliveau on May 20, 2021 18:36:36 GMT
Not long to wait then for MY MONEY that was with Street pre-administration! Grrr.
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alibaba
Member of DD Central
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Post by alibaba on Jun 4, 2021 7:50:23 GMT
Has anyone been able to withdraw funds that are sitting in the cash account?
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ethel
Posts: 153
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Post by ethel on Jun 4, 2021 8:29:37 GMT
Nope, not a sausage.
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Post by ts1955 on Jun 4, 2021 15:22:50 GMT
Has anyone been able to withdraw funds that are sitting in the cash account? Work on AML/KYC continues. If you get an email about this please respond asap. "At this stage, it is hoped that the majority of Lenders will be able to withdraw their uninvested Client Monies allocated to Lenders’ accounts with the Company from the commencement of July 2021."
This has already been communicated to all. Please read previous messages.
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alibaba
Member of DD Central
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Likes: 245
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Post by alibaba on Jul 14, 2021 17:15:07 GMT
Just had email update explaining withdrawals etc.
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alibaba
Member of DD Central
Posts: 341
Likes: 245
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Post by alibaba on Jul 22, 2021 9:51:17 GMT
Just had update re O_ _ _ _ _w_ _ _ _
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steve11523
Member of DD Central
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Post by steve11523 on Jul 22, 2021 10:28:07 GMT
I am coming to this rather late. How do I find the Unique ID required to log on to the ups-docs.com website?
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pikestaff
Member of DD Central
Posts: 2,187
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Post by pikestaff on Jul 22, 2021 10:57:45 GMT
I am coming to this rather late. How do I find the Unique ID required to log on to the ups-docs.com website? Email from the administrators on 22 April. Mine was timed at 18:15.
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alibaba
Member of DD Central
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Likes: 245
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Post by alibaba on Aug 11, 2021 8:30:41 GMT
ThinCats improves due diligence checks following tech integration
MICHAEL LLOYD INDUSTRY NEWS, NEWS, DUEDIL, JUSTIN FITZPATRICK, NCINO, ROB MARTIN, STEVE O'NEILL, THINCATS
shame that it has taken 10 years
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