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Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements & administration
Hi all.
This is what I have just sent to Watchdog.
It was a full and Final settlement scheme, which I joined
in Oct 2011. So Bournes would use approximately half of my
money to pay agreed monthly amounts to my creditors. The
other half was used to pay my fees, which were £2,545.84
(10% of my total Debt). Once that was paid the money was
used to build up my bank so Bournes could then negotiate
with Creditors for early settlement amount of my debt
I paid my agreed Monthly amount on August 1st of £357.
However my creditors confirmed the last payment received
was in July. My creditors started to contact me about the
Missing Aug Payment. When I contacted them they informed me
that they had been told by Finacial Conduct Authority(FCA)
that Bournes were not allowed to receive or make payments.
I tried to call Bournes for 2 weeks & just got an answer
phone message saying the office was closed for training.I
then contacted the FCA and they informed me that Bournes
was no longer trading & would probably be put into
Administration. They also told me to cancel my Direct Debit
to Bournes
I have documentation from the Administrator that I would
like to share with you. It states there was a £500,000.00
shortfall in the funds held by Bournes based on what they
had found.There total debt is £840,000.00
The directors Michelle Gilbourne & Micheal Gilbourne should
be jailed for this Fraud.
In the documentation the Administrator Peter Levy says
there are funds in Bank accounts of £185,262.02. However
you can also see his fees so far are £55,000.00. This is
being taken from the Bournes Clients money & he think it
could take 12 months to resolve. By that time there will be
nothing left.
The balance owing to my personally is £3,232.22.
Why can't the FCA pay for this investigation it is a clear
case of Fraud. It is disgusting to find out the Adminstrator is
being paid with Money owned to Bournes Clinents.
Hi all.
This is what I have just sent to Watchdog.
It was a full and Final settlement scheme, which I joined
in Oct 2011. So Bournes would use approximately half of my
money to pay agreed monthly amounts to my creditors. The
other half was used to pay my fees, which were £2,545.84
(10% of my total Debt). Once that was paid the money was
used to build up my bank so Bournes could then negotiate
with Creditors for early settlement amount of my debt
I paid my agreed Monthly amount on August 1st of £357.
However my creditors confirmed the last payment received
was in July. My creditors started to contact me about the
Missing Aug Payment. When I contacted them they informed me
that they had been told by Finacial Conduct Authority(FCA)
that Bournes were not allowed to receive or make payments.
I tried to call Bournes for 2 weeks & just got an answer
phone message saying the office was closed for training.I
then contacted the FCA and they informed me that Bournes
was no longer trading & would probably be put into
Administration. They also told me to cancel my Direct Debit
to Bournes
I have documentation from the Administrator that I would
like to share with you. It states there was a £500,000.00
shortfall in the funds held by Bournes based on what they
had found.There total debt is £840,000.00
The directors Michelle Gilbourne & Micheal Gilbourne should
be jailed for this Fraud.
In the documentation the Administrator Peter Levy says
there are funds in Bank accounts of £185,262.02. However
you can also see his fees so far are £55,000.00. This is
being taken from the Bournes Clients money & he think it
could take 12 months to resolve. By that time there will be
nothing left.
The balance owing to my personally is £3,232.22.
Why can't the FCA pay for this investigation it is a clear
case of Fraud. It is disgusting to find out the Adminstrator is
being paid with Money owned to Bournes Clinents.
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