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

[Last]

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?

[Nibbler]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

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

[Amethyst]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

229 Nottingham Road looks very prestigious

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

[Amethyst]

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.

[Nibbler]

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

[Amethyst]

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.

[Last]

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 ?

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.

[Amethyst]

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 ?

[Nibbler]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

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

[Amethyst]

Re: Bournes Debt Solutions (Bournes Limited) - FCA requirements

Sigh, this happens FAR too much.

OTR being MSE or the other one?

[Nibbler]

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.

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. :/