Investment Management Co. Says it still has to repay its loan
Posted onAuthorDonald J. MundellComments Off on Investment Management Co. Says it still has to repay its loan
By Joel Poultney (April 22, 2022, 2:44 p.m. BST) – An investment management company has demanded that money it lent to a financial advisory and asset management firm be repaid more than a year after its due date.
Cornhill Management Ltd. told the High Court in a March 23 claim, which has now been made public, that the £350,000 ($451,000) loan he made to Contexitur Group Ltd. and its two directors in 2019 was not repaid in line with the agreed repayment date of December 31, 2020.
Cornhill is also demanding interest on the nearly £83,000 loan to be paid, plus nearly £96 in interest a day…
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