Capital on Tap, along with a number of secondary lenders, appear to have a higher level of defaulting debt at the moment. Since they primarily rely on director personal guarantees as security, we are receiving a large number of enquiries from guarantors being chased by Capital on Tap. They appear to have a new in-house … Read more
We have a number of clients who are being pursued by solicitors Valemus Law appointed by 365 Business Finance with respect to Personal Guarantee debt. In every case without exception, the law firm purports to issue a letter before action, but does not include any detailed information of the debt, sets less than the obligatory … Read more
There was a time when Amex Card business personal guarantees would stand up to scrutiny but in the last four years or so we have seen Amex PG agreements that are at best contradictory and at worse unenforceable as to their clarity. There appears to be little clarity as to who the card is in … Read more
So the New Year brings forth the news that Just Cashflow plc has gone into Administration following their appointment of administrators of their holding company last summer as set out in our news item in August 22 Click HERE. FRP Advisory have been appointed as administrators for the company. How this will impact on ongoing … Read more
JLG Group plc, the holding company of Just Cashflow plc, a prolific personal guarantee backed business lender, went into administration in June of this year. JLG Group plc’s website stated as at the 11th August that:- “ JLG, together with its subsidiaries (together, the “Group”) has encountered a number of financial challenges over recent years, … Read more
