Lendy Ltd (In Administration) ("Lendy") is a company registered in England and Wales under number 8244913 with its registered office and principal place of business at RSM RESTRUCTURING ADVISORY LLP, 9th Floor 25 Farringdon Street, London, EC4A 4AB. Minor shareholder in AC, Brickowner, Welendus, W.alpha, Propifi, Orca, Ccube, Ass.XChange ABL PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. If you have lost money with Lendy please join the Lendy Action Group and help us fight for our rights and to get our hard earned money back! Lendy investors are raising money to take legal action over the way administrator RSM plans to distribute recovered funds. Also, they removed my original messages due to seeing their names there. The Lendy Action Group (LAG) – set up by disgruntled Lendy investors after the platform fell into administration last year – wants to challenge RSM’s ‘recovery waterfall,’ which sets out the order in which lenders will be repaid. Lendy Action Group. Join the conversation at Frank. Another challenge RSM faces is the prospect of legal action, funded by crowdsourcing, from The Lendy Action Group (LAG) which includes investors who want to challenge how recoveries will be distributed to creditors. General T&Cs Clause 9.7: "Where Lendy and/or Saving Stream Security Holding believes that an agreement to restructure the loan and amend the Loan Contract is in the interests of the relevant lenders as a group, and intends to amend the terms of the Loan Contract in accordance with clause 9.6 above, we will notify you of this." He said: “It’s staggering that Lendy was granted … Lendy Action Group. March 2 2020 Lendy administrator makes latest distribution as legal action looms. We are many but dispersed – together we become strong. anyone with a lendy account . Lendy entered administration last month after enforcement action by the Financial Conduct Authority. These cookies are vital for the forum to function … February 26 2020 Lendy Action Group close to meeting fundraising target. Company status Dissolved Dissolved on 17 November 2020. To all investors affected by the collapse of Lendy, please join us at the Lendy Action group. Adam Bunch, of the Lendy Action Group, which represents investors in the firm, told the newspaper that FCA’s authorisation of Lendy had given some investors confidence to continue using the platform. Lendy Ltd (In Administration) ("Lendy") is a company registered in England and Wales under number 8244913 with its registered office and principal place of business at RSM RESTRUCTURING ADVISORY LLP, 9th Floor 25 Farringdon Street, London, EC4A 4AB. Mission Statement of Lendy Action Group. Investors in the failed peer-to-peer platform Lendy, who face losing tens of thousands of pounds in some cases, have launched an action group in their fight to recover cash. Company type Private limited Company Incorporated on 11 November 2016. Lendy Action Group . then you can find the lendy action group . A high-speed accident involving a Model 3 crashing into a pole recently provided an impressive look at the fire-resistant capabilities of Tesla’s batteries. ... both subsidiaries of Lendy Group Limited. 1278dale. Concerned investors have launched the Lendy Action Group (LAG) that has the following aims as stated on its website: To act as a point of support and provide coordination, news and information to Lendy investors affected by their collapse. www dot lendyactiongroup dot co dot uk To aim to work collectively to recover our investment. The Lendy Action Group is legally challenging RSM (Lendy’s administrator) regarding this clause. The Lendy Action Group, which represents some of those left out of pocket, told The Times: 'The FCA needs to explain how this has been allowed to happen. 1. About 9,000 ordinary investors stand to lose close to half of Back to top A regulated peer to peer property finance platform has entered into administration following action from the Financial Conduct Authority. To act as a point of support and provide co-ordination, news and information to Lendy investors affected by their collapse. We are many but dispersed – together we become strong. She has some great plans on how to take the group forward and has my full support. London Capital & Finance - Action Group has 1,017 members. Lendy has been under the spotlight since October after it was revealed 68% of loans on its book had gone passed their due dates. More for LENDY GROUP LIMITED (10474112) Registered office address Branksmere House, Queens Crescent, Southsea, Hampshire, United Kingdom, PO5 3HT . Reviewed on 30th April 2019. there is a legal side already happening . I would definitely avoid this company and I will be looking to see what legal action can be taken either solely or as a collective. To work collectively to recover our investment. February 6th, 2020: Lendy: Following legal challenges set forth by Lendy Action Group’s legal representative, administrator RSM is seeking legal counsel on the gray area waterfall distributions that could compensate Lendy’s previous owners.RSM’s fees have topped £1.7m so far. If you enter the page you MAY be offered services if its director, Jane Sanders, feels there may be scope to assist you. Adam Bunch, a Lendy investor and co-founder of the Lendy Action Group, said: “Serious questions need to be asked about the FCA’s involvement and monitoring of Lendy … Up in 2012, crowdsourced loans to property developers and raised more than £400 million Lendy entered administration last after. 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