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Bankruptcy Protection Fund - AVOID!
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This post is still worth a bump for all the newbies out thereIf you woke up this morning congratulations, you have another chance :j0
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Well that was worth doing. I forwarded my BPF letter to the OFT and received a response saying thank you. It appears they are still intelligence gathering on this company.
So when you receive your letter from BPF after going BR, do forward it to the OFT to help them.When I joined, I needed a name. The forum members gave one to me...I am INAN
"Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt0 -
well...i've been here over 4yrs now & still learning
never thought i'd hear the words "intelligence" and "BPF" in the same sentanceWe all die. The goal isn't to live forever, the goal is to create something that will0 -
I'm surprised that the Bankruptcy Protection Fund Limited does not describe itself as "non-profit-making", in order to give itself even more credibility. As at 30/09/09 it had shareholders' funds of (£933,467) -- in deficit. It had unsecured creditors in respect of debts falling due within one year amounting to £997,957.
It is a wholly-owned subsidiary of Antag Holdings Limited, which is registered in Malta.
BFP owns Alpha Mortgages Manchester Limited, which made a loss of (£14,055).
BFP's sole director and secretary is also the sole director and secretary of Consolidated Finance Holdings Limited, which is also a subsidiary of Antag. CFHL reported Net Assets of £100 as at 30/09/09. CFHL owns Consolidated Finance Limited, which has the same sole director-shareholder and which reported Net Assets of £1 as at the same date.
CFL reports no income, on the basis that it acts only as agent (for an undisclosed principal). It makes bridging loans to clients of BFP, with interest rates of 2 - 4% per month and substantial exit fees of the order of £3,000.
Their next accounts are due by 30/06/11.0 -
Maybe they are connected claim advice service (simply credit claims) based in south yorkshire!If you woke up this morning congratulations, you have another chance :j0
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Can someone tell me what happened??
As there are loads of spaces where it just says [text deleted] and I don't understand as I only have like half the story.0 -
kellyanne990 wrote: »Can someone tell me what happened??
As there are loads of spaces where it just says [text deleted] and I don't understand as I only have like half the story.
Suspect they company complained to MSE who then edited bits.
It's just reminded me to check their latest accounts though 0 -
They've filed accounts in the last few days for September 2011, should be available to download in the next few days
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I've got their accounts :eek:;)0
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I'm surprised that the Bankruptcy Protection Fund Limited does not describe itself as "non-profit-making", in order to give itself even more credibility. As at 30/09/09 it had shareholders' funds of (£933,467) -- in deficit. It had unsecured creditors in respect of debts falling due within one year amounting to £997,957.
It is a wholly-owned subsidiary of Antag Holdings Limited, which is registered in Malta.
BFP owns Alpha Mortgages Manchester Limited, which made a loss of (£14,055).
BFP's sole director and secretary is also the sole director and secretary of Consolidated Finance Holdings Limited, which is also a subsidiary of Antag. CFHL reported Net Assets of £100 as at 30/09/09. CFHL owns Consolidated Finance Limited, which has the same sole director-shareholder and which reported Net Assets of £1 as at the same date.
CFL reports no income, on the basis that it acts only as agent (for an undisclosed principal). It makes bridging loans to clients of BFP, with interest rates of 2 - 4% per month and substantial exit fees of the order of £3,000.
Their next accounts are due by 30/06/11.
Just to update this as their accounts for September 2011 have now been filed at Companies House (and are therefore technically in the public domain).
Shareholders funds increased to a deficit of £1,292,253 for year ended September 2010, and increased to a further deficit of £1,940,596 for year ended 30th September 2011.0
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