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4 Comments on “Discussion forum

  1. WAS YOUR BUSINESS ASSET UNDERVALUED?
    SBCB wants information from companies that have had undervaluations on property shortly before being put into administration.

    An example of this is a hotel that was valued by Savills at £7.7M then 3 months later and just 9 days before re-opening a second RBS valuation at £2.5-£3M!

    Please contact us via this post to encourage others and at contact@sbcb.org.uk Thanks Andy

    • HI Andy

      I had a property worth £10M + at its worst value , Ulsterbank GRG took it off me and sold it 2 years later (30-50% market rise) for about £6M I think and wont give me the details who to or supply copies of valuations prior to sale. Ulster GRG used to be run byJoy McAdam an ex Director on West Register companies.

      I will email you more details in time.

      Keep up the good work, these people should be sitting in front of your old colleagues facing criminal charges

  2. WERE YOU ENTICED INTO A Government backed EFG LOAN BEING TOLD THAT YOU WERE ONLY LIABLE FOR 25%?

    If you were we want to hear from you. This was a lie and the reality is that you are 100% liable, i.e. it is a standard loan! The only difference is that you can secure an EFG loan without tangible security. However chances are that the bank still wanted you to provide a Personal Guarantee for the wole amount or held a PG within your business account and did not say that it would be used towards your EFG loan.

    Please contact us via this post to encourage others and at contact@sbcb.org.uk Thanks Andy

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