Yes the bank is still trading but has like so many others been taken over and yes some of the issues would be considered as fraudulent, such as withholding approved funds, which I have documented evidence of.
Giving inaccurate and misleading information to the FSA which I have documented also.
The grounds on which the funding was withdrawn was based on my being insolvent, this to me is very much in question as I had no major borrowings, my contracts were solid gold government, I had assets of 85k ( being withheld by factors) and a house valued at 500k with a 6k mortgage.
The bank actually approved 65k as a loan in Dec 04 and allowed me to draw it down, also the accountants that I had retained to monitor the factoring arrangement on the instance of the bank showed the business making a return to profits at 31/05/05 to the sum of £143k with all liabilities up to date
the factoring agreement within the prelims makes reference to a clause regarding the withdrawal of funding which within the contract actually doesn't exist would that not in essence spoil the contract?
Also as my factoring agreement was a confidential agreement, the contacting of my debtors prior to their being any issues raised regards the operation of the factoring agreement, which I have documentary evidence of, would also be considered a breach of the contract?
I need to know if I have a case, how to attain funding to process a case.
To do that I need to also be able to produce an effective grounding affidavit, as I feel the only way I can get the appropriate recourse is through a litigation funder, I am seeking substantial redress, running into a substantial sum your advice and assistance would be greatly appreciated