London Capital & Finance - Going Round in Circles?
his opposite number signing on behalf of Cape Verde Support Ltd was none other than Simon Hume-Kendall so the same person was signing the contract for the lender and the borrower!
At least the witness Robert Mannering Sedgwick didn't have far to travel as all the companies were based in the same office address as him at Church Road, Tunbridge Wells, Kent. Sedgwick was part of Buss Murton Law LLP who have the offices at Church Road, Tunbridge Wells, Kent
|Security for CV Resorts Ltd loan from Cape Verde Support Ltd|
The loan agreement to CV Resorts Ltd from Cape Verde Support Ltd was made on 29th April 2017. Communication doesn't seem to have been very good in the offices at Church Road, Tunbridge Wells or the directors were quite forgetful as shortly afterwards on 12th May 2017 other directors of CV Resorts Ltd decided to take out a loan from London Capital & Finance pledging the same assets as security that had already been assigned to Cape Verde Support Ltd for their loan on 29th April
|Loan security for CV Resorts Ltd loan from London Capital & Finance|
What can London Capital & Finance bondholders expect back if all the assets have previously been pledged to another company?