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    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

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      Many thanks 
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    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
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    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

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      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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Toothfairy loan book sold to Loads of Dosh for 7.5% of book value


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Guys

 

Check this out below;

 

A collapsed payday lender was owed £10.8m by customers before its insolvency but less than £1m of that is expected to be recovered, new documents have revealed.

 

 

 

Web Loans Processing, which traded as Toothfairy Finance, went into administration in December 2013 with a loan book valued at £10.8m, according to administrators Harris Lipman.

A company called Loads of Dosh Limited has since bought the company’s assets for £30,000, of which £4,998 is for “equipment” while the remaining £25,000 is for the loan book, which also has a deferred consideration of 55% of gross recoveries on the debts owed.

 

The administrators estimate that consideration to be worth £797,500, which places a total estimated value of £822,500 on the loan book, equivalent to just 7.5% of the outstanding loans.

 

Harris Lipman’s deferred consideration estimate is based on a separate claim by one of the firm’s directors that up to £1.45m of the loan book is potentially recoverable.

 

Joint administrators Freddy Khalastchi and Martin Atkins said in a statement: “On the basis of total collections in the region of £1.45m, the deferred consideration has a value of £797,500. The actual value of the deferred consideration will depend upon the level of collections which can be achieved by Loads of Dosh Limited.”

 

The administrator’s statement said the company’s problems surfaced in September 2013 after several unnamed investors served notice to recover loans they had made to the company.

 

Despite this, the business went on to receive two bridging loans of £250,000 each in October 2013 from Rosemount Investments Limited and Gullfoss Properties Limited, which were secured by fixed and floating charges on the business while due diligence was carried out.

 

However, the company soon fell into a position where it could not pay its debts and while one unidentified debenture holder was repaid most of its funds, the other was repaid only a fraction as the directors gave notice of their intention to appoint administrators.

 

In the meantime, according to the administrator’s proposals, the Office of Fair Trading (OFT) had expressed concerns about some of the company’s trading practices.

 

Harris Lipman said the regulator’s concerns related primarily to the fitness of the business and two associated companies, Northern Debt Recoveries Limited and Marshall Hoares Bailiffs Limited, to hold a consumer credit licence.

 

The OFT also expressed a belief that some company staff had denied access to all the company’s records, and voiced concerns about the way an Israeli subsidiary of the business, Transco, was helping to collect the company’s debts as it was not based in the UK and did not have a consumer credit licence.

 

Web Loans Processing and Northern Debt Recoveries Limited shared two directors, Gary Chapple and Oliver Larholt, both of whom have been terminated as directors according to Companies House.

 

Chapple was also previously a director of Marshall Hoares Bailiffs Limited and remains listed as an “individual that runs the organisation” on the consumer credit licence files of two other consumer credit businesses: Iceland Finance Limited and Tune Tribe Finance Limited.

 

Even though the assets of Web Loans Processing have now been sold, the charges held by the bridging loan providers have not been settled.

 

But David Kirk, director at insolvency practitioner firm Kirks, explained: “You need sanction from a charge holder to sell but they cannot refuse that consent unless they think something odd is going on.

 

“As there is deferred consideration, maybe the charge holders may in fact be paid off by those later instalments. I suspect they both consented to the sale.”

 

Credit Today has tried to contact Harris Lipman and Gullfoss Properties Limited for comment, and is happy to update this story should either party decide to contribute.

 

 

This truly goes to show the shady dealings that company had... I think this should be a lesson for us all.

To see a company like this go under is truly a good thing! I also like how it mentions about NDR and MHB being fit about holding Credit Licenses ^__^

 

What id like to know is how they define the loan book as "Potentially Recoverable"

 

We could do with some help from you.

 

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Excellent find.

 

Now loads of dosh now have the accounts and based on the 7.5% maximum payout for them, I suggest that when ex toothfairy clients get chased by LoD they offer10% as a F&F. 2.5% profit isn't bad.

If you are asked to deal with any matter via private message, PLEASE report it.

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Excellent find.

 

Now loads of dosh now have the accounts and based on the 7.5% maximum payout for them, I suggest that when ex toothfairy clients get chased by LoD they offer10% as a F&F. 2.5% profit isn't bad.

 

Funnily enough back in 2010 i set up a Google Alert hence why it found it :)

Silver... while we dont condole debt avoidance, im thinking we should teach them a lesson by not paying at all ^__^

 

But on a more realistic note... I agree :) ,. But as per normal DCA procedures... these will attempt to ramp it up.

 

We could do with some help from you.

 

Have we helped you ...?         Please Donate button to the Consumer Action Group

 

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Was reading the above report on the Credit Today website.

 

The Company Loads of Dosh Ltd has changed it's name according to Companies House.

 

New name is DHR Capital Ltd.

 

http://data.companieshouse.gov.uk/doc/company/08221115

 

Stigman

NEVER telephone a DCA

If a DCA rings you, refuse to go through the security questions & hang up!

 

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If anyone ever needs to write to them

 

MR JUSTIN BANNERMAN-LLOYD

 

44 BAKER STREET

3RD FLOOR

LONDON

UNITED KINGDOM

W1U 7AL

If you are asked to deal with any matter via private message, PLEASE report it.

Everything I say is opinion only. If you are unsure on any comment made, you should see a qualified solicitor

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I made a comment in one of my posts in 2012 regarding another of Larholts companies,The London Treasury Services,29 the Rise,Elstree.There is a James Larholt who is a director.

In the above post which is an extract from Credit Today,there is mention of an Israeli connection.With a bit of searching around,I have found the following.......

 

At the same address,there is a charitable organisation called Friends Of Schneider Childrens Medical Centre.Who should be the treasure,a Mr James Larholt.

 

https://www.friendsofschneider.org.il/?CategoryID=252&dbsRW=1

 

Also at the same address,there is another charitable organisation called Emek Medical Centre,who should be the honorary treasurer,no other than a Mr James Larholt.

 

http://hospitals.clalit.co.il/hospitals/emek/en-us/Newsletters/PublishingImages/Newsletter%20complete.pdf

 

The Merephdi Foundation mailing address: (to the attention of Mr. James Larholt)

29 The Rise. Elstree, Herts. WD6 3JR, England

 

How up to date the records are,I do not know.I am not suggesting that these organisations have had anything to do with Toothfairy,but it just shows that the Larholt family have got lots of fingers in various pies.

 

Regards,John.

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Another article hidden in Credit Today

 

http://www.credittoday.co.uk/article/16438/online-news/insolvent-payday-lender-faces-loan-book-deficit

 

I wonder how much of the 10 million quoted are their over inflated fees, charges and those 'attempted debit fees' per hour per day.... take that lot out and you might get a truer picture of the alleged debt.

 

I very much doubt they will get £1 million back from their customers either.... false representation comes to mind here.

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Great find! Loads of Dosh is nothing more than the real owners behind web loans. Larholt was a scapegoat for Per Gullestrup. He's a billionnaire shipping mogul. Larholt married his daughter but got kicked out when they separated last year. They probably transferred everything to this new setup to avoid detection and OFT questions on his involvement. Anyone knows if toothfairy/WLP still hold their license?

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WLP (WebLoans Processing) is/was the registered company with the trading name of Toothfairy (amongst many others)and they are in administration. In 2012 they were at risk of losing their licence but somehow managed to wriggle out of it.

 

Still, things come to those that wait. :lol:

If you are asked to deal with any matter via private message, PLEASE report it.

Everything I say is opinion only. If you are unsure on any comment made, you should see a qualified solicitor

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I very much doubt they will get £1 million back from their customers either.... false representation comes to mind here.

 

They have repeatedly admitted in phone calls and emails that the new company chasing the fantasy debts is actually the same old company. Evidence of which has of course been forwarded to all relevant authorities.

 

So they may well soon have to face the consequences brought on to them by the various regulators and law enforcement.

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They have repeatedly admitted in phone calls and emails that the new company chasing the fantasy debts is actually the same old company. Evidence of which has of course been forwarded to all relevant authorities.

 

So they may well soon have to face the consequences brought on to them by the various regulators and law enforcement.

 

If you have those emails, can you post them up (suitably redacted of course)

If you are asked to deal with any matter via private message, PLEASE report it.

Everything I say is opinion only. If you are unsure on any comment made, you should see a qualified solicitor

Please help CAG. Order this ebook. Now available on Amazon. Please click HERE

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I've havent had anyone been in touch yet claiming to have bought my account , I did have a repayment plan with web loans processing should I just be keeping my payments aside for now untill someone gets in touch? Having read through the forum of the recent toothfairy administration, I can't understand how the same idiots are still managing to trade under yet another different name it's ridiculous how they can get away with it

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I took my case to the OFT and Financial Ombudsman about TF and actually posted the carry ons on here, so i would love to think my complaints had a small contribution to their downfall! :-D

 

After having the FO contact TF my debt to them was dramatically reduced and i owe nothing more than £76 so im thinking do i repay that to this Loads of Tosh company or not? Anyone else continuing to repay?

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Congratulations TF-Destroyer, shows that complaining in the right way DOES work, and that all the fees, charges and interest are not really acceptable.

 

I would re-contact the FO and ask for their advice, they may now be able to get the £76 to the right company, or written off altogether.

 

Just shows that the business models used by this company actively encouraged defaults and rollover fees.

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If you have those emails, can you post them up (suitably redacted of course)

 

I received email last week as follows:

 

Dear xxxxxx

 

As you would have seen from our recent contact, the loan book containing the loan you took out with ToothFairy Finance was assigned to DHR Capital Limited.

 

We have reviewed your account and have substantially reduced your outstanding balance by removing all collection fees and lowering your interest charges. You will not be asked to pay more than 2.5 times what you originally borrowed (this is equal to no more than 20 weeks interest). Any payments already made will count towards this maximum repayment amount.

 

We are able to offer further reductions on the amount you owe if you are able to fully settle your outstanding balance within 6 months.

 

If you have any questions, please contact our collection agents at 0203 476 4029.

 

Yours sincerely,

DHR Capital Limited

 

Blackwater UK Limited (Consumer Credit Licence Number 633023) have been instructed as collection agents by DHR Capital Limited.

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I would get the email over to the OFT pronto - 2 1/2 times the amount you borrowed - OUTRAGEOUS. Okay they do say they can offer further discounts if you pay over 6 months - but that is still not taking into account the individual circumstances of the borrower.

 

These loans already come 'front loaded' from an interest viewpoint so should not attract any other fees, charges etc (IMHO - unfortunately the law differs slightly).

 

They are definately having a laugh here.

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I would get the email over to the OFT pronto - 2 1/2 times the amount you borrowed - OUTRAGEOUS. Okay they do say they can offer further discounts if you pay over 6 months - but that is still not taking into account the individual circumstances of the borrower.

 

These loans already come 'front loaded' from an interest viewpoint so should not attract any other fees, charges etc (IMHO - unfortunately the law differs slightly).

 

They are definately having a laugh here.

 

 

Thanks guys for your advice. Had no address details so done a bit of digging around. Apparently the phone number is for Blackwater UK (DC for DHR) have rung them for their address so I can write asking for proof that debt has been assigned to thema and details of the loan. Low and behold their address is a PO Box in Rotherham. Cant email them back as the email is a "no reply" email.:| Somethings is not quite right again here alarm bells are ringing! I willl write to them and keep you updated.

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Personally i would ignore it for now until something solid comes in the regular mail.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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  • 2 weeks later...

How can we find out who rosemount investments and gullfoss properties are? they lent money to webloans just before the administration so they must be related to the true owners. If what david kirk said here is true, then they had to approve the sale of our loans so in a way they kept control of who buys the loans. We need to see if there is a relationship between them and dhr. How can we find out? If what the phone specialist was saying is true, than it could be that they are all linked to per Gullestrup family. It could all be a fantasy, but if it is all true then we need to fight against these people. Anyone here can help us?

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I am trying to do a lot of search to find out what happened. I may be wrong but I believe what the person said on the phone: it is all the Per Gullestrup family organizing the collapse of webloans to move it into a new company. We know from the administrators that rosemount investment and gullfoss properties controled the sale of the loans to dhr. david kirk is also quoted here saying the same.

LOOK AT WHAT I JUST FOUND: http://en.wikipedia.org/wiki/Pre-packaged_insolvency

This is a very interesting article!!!!!

I think if we can link dhr, gullfoss, rosemount and per gullestrup then may be we can have confirmation that webloans is not dead, it is just the same under a different name. It may all be not true, but if it is we need to know and expose them. How can we find out?

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Edmond.

Thank you for spoiling my Sunday night.As curiosity got the better of me and I have been doing a bit of searching,but not much luck at the moment.There are several companies that could match the above,not only here,but in the Isle Of Man.But you have to be careful what you say before you have the facts in front of you.

One thing that I did find strange,is that Gullfoss is a part of Iceland (a waterfall).Now,Gary Chapple was a director of a company called Iceland Finance Limited.A strange coincidence.

I will have to delve further.

 

Regards,John.

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Edmond.

Thank you for spoiling my Sunday night.As curiosity got the better of me and I have been doing a bit of searching,but not much luck at the moment.There are several companies that could match the above,not only here,but in the Isle Of Man.But you have to be careful what you say before you have the facts in front of you.

One thing that I did find strange,is that Gullfoss is a part of Iceland (a waterfall).Now,Gary Chapple was a director of a company called Iceland Finance Limited.A strange coincidence.

I will have to delve further.

 

Regards,John.

 

I want to be clear that I am not saying anything! I think that if the owners of webloans (being per gullestrup family or any other theory) are trying to pull a trick after how much they charged us, then we should all help each other trying to make sure we understand what is truly happening. It may all be conspiracy theory but we have a duty to investigate

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