David Loach is back in business -> HomeOfLHD.com
Well guys and girls, there we go again. David Loach is back in business!
I have been contacted a week ago from someone telling me that David might be up to something. Now here’s the new deal:
http://www.homeoflhd.com/
Home of LHD!
My “informant” told me that David Loach was looking for someone to run his new company. He seems to have found that guy in Gavin Stafford. He has been working for the Loach brothers in both Micronet Showroom and LHD Car Company, and is now the “face” to the newly built HomeOfLHD.
The website of HomeOfLHD.com is an exact copy of the old website of lhdcarcompany.com, except for the orange color and the new logo.
Spread the word! David Loach is back in business. He’s got money on his hands, since he has a guy in the background who’s giving huge amounts of money.
Don’t be ripped off by these guys.
Contacted by Joseph Azzam
Joseph Azzam contacted me this evening on my cellphone number. He asked me to unpublish all articles related to his company and his employee, Mrs Kerry S, until he sends me all promised documents proving that he, too, is a creditor of the old LHD Car Company and with that, of the Loaches.
We have talked for about 30 minutes, and he made it very clear that he would like to see the Loach brothers behind bars, just like we do.
Just to make things clear: He was very kind, nice and calm. It was a nice conversation. We both have had to say our few things, and I told him that, if I get convinced that he is in fact in no way affiliated to Richard and David Loach, that I will take out the posts regarding his company from my pulicly available website.
So, I will keep my last two posts unpublished until wednesday. I will give Mr Kazzam this much time to present the papers he promised me.
I have to apologize, too, for posting the photos of Mr Kazzam and Mrs Kelly S.. Even though the photos were publicly available on facebook, I should have not posted them here publicly. When (and if) the latest posts go back online, I will blur out the photos.
Anyhow, I guess more news will come on wednesday.
For fairness’ sake
Just to be fair, I need to post this:
A user called myLHDcar posted this on the Mirror Blogs
MY LHD CAR said:
MY LHD CAR LTD IS NOTHING TO DO WITH THE LOACH BROTHERS/THE LHD CAR COMPANY/MICRONET SHOWROOM. WE ARE A GENUINE BUSINESS BASED IN NOTTINGHAM. THE COINSEDENCE IS THAT WE OPERATE IN THE SAME CITY. WE ARE A LIMITED BUSINESS AND WE ARE PROUND THAT WE OPERATE A GENUINE ESTABLISHED COMPANY.
PLEASE DO NOT AFFILIATE US WITH THE LOACH BROTHERS.
THANK YOU.
MY LHD CAR LTD.
December 10, 2008 4:28 PM
Eddie Kerr is IP
Morrison Solicitors have quit trying to replace Eddie Kerr of PKF with their own Garry Hacker.
As only 9 of the 35 creditors have shown their support for Mr Hacker, Morrison’s now think that “the costs of pursuing the proposed action may now outweigh the potential benefit”.
All creditors should now contact Mr Eddie Kerr by telephone on 0116 250 44 00 or via email on Eddie.Kerr@uk.pkf.com.
More info will follow soon.
Insolvency Practicioner to change?
Hi guys,
I have received this email from Morrisons Solicitors yesterday. Please have a read:
Dear Sirs
LHD Car Company
I write further to my telephone conversation today with Mr Haensel.
During investigations of the Loach Brothers, it was discovered that both brothers were subject to an Individual Voluntary Arrangement (”IVA”). An IVA is a formal agreement between each of the brothers individually with their Creditors as they stood in 2006. An IVA sets out how the Debtor is to repay those ‘2006 Creditors’, usually over a period of five years. There was also in place a Partnership Voluntary Arrangement (”PVA”) which is the equivalent formal agreement for LHD Car Company and LHD Porche.com trading bodies.
Due to the formalities required by law an IVA and PVA has to be set up by a licenced insolvency practitioner. With regard to the Loaches that practitioner was a Mr Kerr of PKF Accountants. By law his duty was to supervise the IVA and ensure that it is not, in its terms, at all unreasonable towards both the Debtor and the Creditors. His role is essentially to ensure that the terms of the arrangement are adhered to. As supervisor, he did not take any responsibility for the on going trade of the Loaches, notwithstanding the fact that the Loachs’ dealings with its customers were highly publicised and should have been personally known to him from his dealings with them since 2006. At the hearing on Friday 19th December 2008, Mr Kerr made an application to the court to become the Insolvency Practitioner charged with administering the bankruptcy estates of both brothers going forward. The barrister for our client’s opposed that application nevertheless Mr Kerr was successful at getting himself installed.
When our Kellie Williams questioned Mr Kerr as to his knowledge of the way in which the Loaches were operating their business he replied, “I did not, and was not required to have detailed knowledge of the day to day operations”. From a cursory search of the internet, it is apparent that there are allegations that the Loaches have traded in this way since at least 2005. Mr Kerr is right in saying that the minimum required of him was met. However, you may feel that he should have been more robust in his dealings with the Loaches and perhaps been aware of the creditors that have amassed during the period in which he was in charge of the IVA and PVA. This is a case which calls for justice to be seen to be done and one in which all the creditors should have confidence in the Insolvency Practitioner going forward; that he will ensure that no stone is left unturned when investigating the Loaches’ business practices and collecting the assets.
Ultimately, it is up to the Creditors to collectively decide who the person charged with administering and investigating the Loaches’ affairs and the collation of their assets. It may be that this case needs an Insolvency Practitioner with a fresh pair of eyes, a zest for the case and a real empathy for the creditors. Should the creditors wish to appoint a new Insolvency Practitioner then a Creditors’ General Meeting will have to be called by those creditors and a new appointment requested. This meeting needs to be quorate. Your attendance is not necessary however you will be required to register if you propose to vote in favour of a new Insolvency Practitioner being appointed. This is a process that Kellie Williams is able to undertake on behalf of all the creditors.
The creditors will be responsible for the costs incurred in advertising the Creditors’ General Meeting and in providing an appropriate room to accommodate the meeting. I estimate that this will cost £100 per creditor.
I should be grateful if you would confirm, in writing, that you wish for the appointment of a new Insolvency Practitioner and are happy to proceed on this basis.
The insolvency practitioner Ms Williams had in mind was Mr Garry Hacker of Messer, Chantery Vellacott who is familiar with the Loach case and in whom Ms Williams is confident will do over and above what is necessary to carry out his duties.
I wait to hear from you.
Yours sincerely
What are you guys gonna do, or what do you think of this? I am not going to attend the creditors meeting. But I will most likely vote for that Garry Hacker guy… I just hope that I don’t have to pay the UKP 100 even if I don’t attend the meeting.
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