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Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

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  • Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration

    http://www.fca.org.uk/your-fca/docum...s-limited-vreq




    And fro their license.

    Requirement 1

    There is a Requirement linked to this permission. Please see
    http://www.fca.org.uk/your-fca/docum...s-limited-vreq to view details.


    Requirement 2

    Firm Asset Requirement


    With effect from 1 September 2014, the Authority has decided to impose a requirement on the Firm, under section 55L of the Act, such that the money in the Firm's bank accounts may not, so long as the requirement is in force, be dealt with in any way without written consent from the Authority.

    Additional Requirements


    With effect from 1 September 2014, the Authority has decided to impose
    the following additional requirements on the Firm, pursuant to section 55L and section 55N of the Act, namely that the Firm must:

    (a) by 17 September 2014 cancel all direct debits it has set up with its clients;

    (b) by 17 September 2014 notify in writing all clients (the wording to be agreed in advance by the Authority) with whom it has set up direct debits, that the direct debit is to be, or has been, cancelled;

    (c) by 17 September 2014 notify in writing all creditors of all clients (the wording to be agreed in advance by the Authority) that the payments that it was due to make to creditors, on behalf of its clients, will be postponed until further notice;

    (d) by 17 September 2014 notify in writing all clients (the wording to be agreed in advance by the Authority) from whom the Firm receives funds by way of standing order, that the clients should cancel all standing orders they may have with the Firm;

    (e) return any funds that are received from clients by way of standing order or otherwise either on or after the date of this Notice within 7 days beginning with the day on which the funds are received;

    (f) by 17 September 2014 provide the Authority with a copy of the written notifications referred to in sub-paragraphs (b), (c) and (d) above together with a list of all clients and/or creditors to whom such notifications have been sent.

    7
    0 - 500
    14.29%
    1
    500 - 1k
    14.29%
    1
    1k - 3k
    14.29%
    1
    3k - 5k
    14.29%
    1
    over 5k
    42.86%
    3

    The poll is expired.

    Tags: None

  • #2
    Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

    Seems from OTR that this was another firm that was building up 'pots' of money rather than paying everything to creditors as they should have been.

    Originally posted by Bournes customer
    Part of the DMP with Bournes was that they paid all my creditors an agreed amount monthly from my payment but they also put some into a pot to accrue. Then they used this to offer final settlement payments to my creditors.
    It is this money I would like to see returned too but I fear the worse.
    Hard to say what has happened to those funds without much more info, but you fear the worst with these cases as the news is rarely good. :/

    Comment


    • #3
      Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

      Sigh, this happens FAR too much.

      OTR being MSE or the other one?
      #staysafestayhome

      We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
      Hetty Bower

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

      Received a Court Claim? Read >>>>> First Steps

      Comment


      • #4
        Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

        http://forums.moneysavingexpert.com/....php?t=5059267

        Comment


        • #5
          Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

          Have we any news on whether their was anything left in the 'client' account for the people who had this F&F settlement plan ?
          #staysafestayhome

          We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
          Hetty Bower

          Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

          Received a Court Claim? Read >>>>> First Steps

          Comment


          • #6
            Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

            Originally posted by Amethyst View Post
            Have we any news on whether their was anything left in the 'client' account for the people who had this F&F settlement plan ?
            Any news on what will happen to money in the holding accounts would be very appreciative. I have a large sum of money with them and am really worried.

            Comment


            • #7
              Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

              They don't appear to have gone into Administration so hopefully it isn't a Debt Help & Advice/FSF type situation and more like Debt & Claims where the DMP book is sold on and the client account is safe.
              #staysafestayhome

              We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
              Hetty Bower

              Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

              Received a Court Claim? Read >>>>> First Steps

              Comment


              • #8
                Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                Doesn't really prove much, but....

                Company Details
                Name & Registered Office:
                BOURNES LIMITED
                229 NOTTINGHAM ROAD
                EASTWOOD
                NOTTINGHAM
                NG16 3GS
                Company No. 06672088
                Status: Active
                Date of Incorporation: 13/08/2008

                Country of Origin: United Kingdom
                Company Type: Private Limited Company
                Nature of Business (SIC):
                64999 - Financial intermediation not elsewhere classified
                Accounting Reference Date: 31/08
                Last Accounts Made Up To: 31/08/2013 (TOTAL EXEMPTION SMALL)
                Next Accounts Due: 31/05/2015
                Last Return Made Up To: 13/08/2014
                Next Return Due: 10/09/2015

                Comment


                • #9
                  Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                  for 100 lol.

                  Last years accounts show 47k in the bank but almost as much in the way of liabilities.
                  #staysafestayhome

                  We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
                  Hetty Bower

                  Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                  Received a Court Claim? Read >>>>> First Steps

                  Comment


                  • #10
                    Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                    229 Nottingham Road looks very prestigious

                    https://www.google.co.uk/maps/@53.01...KR7m50E3LA!2e0
                    #staysafestayhome

                    We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
                    Hetty Bower

                    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                    Received a Court Claim? Read >>>>> First Steps

                    Comment


                    • #11
                      Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                      Positively healthy compared to the accounts of some of these companies then.

                      Comment


                      • #12
                        Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                        Just spoke to the FCA.....as much use as a chocolate tea pot due to confidentiality. Basically got to wait for the letter that I should be receiving by the 17 September. Was wondering if anyone out there has received a letter from them yet or have managed to speak to Bourne's direct?

                        Comment


                        • #13
                          Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                          This is their Facebook page - https://www.facebook.com/BournesDebtSolutions- some other 'victims' on there but no further information.
                          #staysafestayhome

                          We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win.
                          Hetty Bower

                          Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                          Received a Court Claim? Read >>>>> First Steps

                          Comment


                          • #14
                            Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                            Just phoned the shop next door to there offices.....there are plenty of people in the office but no-one would come and talk to me. I'm guessing the fact they are in the offices working is a good sign.

                            Comment


                            • #15
                              Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

                              Does anyone know any more????

                              Comment

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