Just had notification from Companies House that the club has registered a mortgage over all its assets. I wonder how much they have borrowed and what it is for- another debt due to HMRC? Looking on the mortgagors(Access Commercial Finance in Leeds) web site their interest rate for unsecured loans is 80% per annum!

Surely a mortgage is a secured loan?

Same company has headquarters in Dagenham. One obvious explanation is that they needed the cash quickly to pay creditors or wages.

Sorry, don't think the two are linked after all.

Cheery reading on the Leeds' company's website about borrowing against assets:

Unlike conventional finance, such as business loans or cash advances, the ‘attractiveness’ of your proposition is based on the value of the asset, so you are likely to be able to secure funding even with a chequered financial history. We will secure our repayments against the asset that you’re buying, particularly if you have less than three years of solid accounts history, minimising our risk and your red tape!

In other words, we charge extra interest if you look like you could be a bad risk but also make sure we can take your stuff if you don't pay. Wouldn't be my first port of call for a loan.

We don't know the amount or the terms and it's not uncommon for a club to borrow money.
Coxall seems to have taken criticism to heart which would be unusual if his intentions weren't genuine.

Maybe they've looked in Gary's financial history...

What assets are there? They don't own the ground, very few players are worth anything and now we don't even have a signed Alan Shearer photo to auction off.

This is a bloke that is very influential in the company in Leeds. he can't be the owner because according to the Huddersfield Examiner he has a ban on owning and controlling companies that runs until 2022. Doesn't inspire me with confidence about our owners.

http://www.examiner.co.uk/news/west-yor ... er-4987964

Why would you deal with him if you had any alternative at all?

Assets wise the club will have computers, cars, equipment, physio equipment, maybe catering stuff. Can all add up. Also footballer's contracts can count as assets even though the footballer themselves can't. You could borrow against the contract of a player you plan to sell in the January window if you found a lender who was happy to be unorthodox about things. Not saying Pools are doing this, just that it is possible.

It's a bit concerning if we have went to the equivalent of Wonga for some cash.

Ah, the wonder of capitalism. Turns out stripping assets is much more profitable than running strip clubs. The bottom dropped right out of his lap dancing business.

I'd of loved to assess the assets of that particular business.

Link won't work if you aren't on linkedin. What does it say?

Got this chap as Director though.

https://beta.companieshouse.gov.uk/offi ... pointments

Hi, I’m Matt Haycox, an entrepreneur, investor, funding guru and consultant for Access Commercial Finance.

From factory machinery to desktop computers, new buildings to acquiring stock, I’ve funded them all, along the way creating thousands of new jobs and money for the British economy.

If your business needs capital to help it flourish, I have funded deals from £10k to over £2 million and often within 24 hours! My dedicated team of experts will work closely with you to understand how you and your business work so that we can build a tailored and flexible finance package that’s right for you.

If you’re worried that you don’t have the solid trading history or perfect financial past, talk to me – you might be surprised by what I can do! I know that speed is of the essence too, so you will always get quick answers and 'no nonsense' advice.

I have been finding and providing the finance to help private businesses (including my own) to achieve success since 2004. With a particular interest and specialism in the leisure industry, I opened my first pub at 21, and 5 years later had built up the most successful lapdancing brand in the UK, turning around venues that other operators, including Spearmint Rhino, had written off and making them profitable again within weeks.

In 2006, I established a finance brokerage and private lender to formalise my lending activities, and 12 months later became the largest single shareholder and director of a PLC listed finance company.

Having spent the last 10 years, advising, investing in and funding companies, I’ve now seen and lived almost every business situation, from roaring successes to abject failures!

Whatever the sector, and no matter how complicated the situation, if there is potential in your proposition, I can help you with the funding to take it forward.

I’m proud of being the person to find and provide creative solutions to funding problems long after others have given up.
Experience

Funding Guru
The Access Group (UK)
October 2014 – Present (2 years 3 months)Leeds, United Kingdom
The Access Group comprises of Access Commercial Finance & Access Mortgages

Access Commercial Finance is a commercial funder that takes a creative approach. No matter how tricky your proposition, if a business has realistic potential, we will find the right funding solution for you.
Alongside more vanilla funding requirements, we are also particularly experienced in insolvency and turnaround finance. So, if your business needs proactive and knowledgeable intervention to guide it back to a healthy state, along with fast funding to bridge the gap, then we are the people to talk to.
Unlike some finance companies, our directors have really lived the business experience – we are all high profile entrepreneurs who have set up multiple successful, (and occasionally not-so-successful!), ventures from scratch. So we know the reality of the challenges that entrepreneurs face.
We never stop finding inventive solutions to funding problems, long after others have given up. So, if you’re finding finance problematic, whether it’s because you operate in an unpopular sector, or because of financial issues in your past, talk to us and see if we can help.


Access Mortgages excels at arranging loans that other brokers can’t, especially for clients in unusual circumstances or those who have had transactions refused by other lenders.
We assess and present each application on its own merits, so self-employed, or with a chequered financial past, you won’t be automatically turned down just because you don’t meet a stringent criteria determined by a computer.
As an independent broker we aren't tied to any lender or product, in fact we have access to more than a thousand products and have relationships with over a hundred lenders so we can always find the best product for a feasible application.
Alongside mortgages we also provide an impressive array of life insurance and critical illness policies, to suit even the most complex circumstances.
Consultant
AON MMA
January 2014 – Present (3 years)
Award nominated MMA promotion. The home of tournament format MMA and the biggest cash prizes in UK MMA.
http://www.AON-MMA.co.uk

Links to MMA, maybe the next position to try Toto in??

The deal sounds like a desperate last throw of the dice to this here poster who doesn' t know any better. Not just a loan but a consultant to try and assist.

He certainly has a way with words.

According to Companies House he is disqualified as a company director from 11.10.2010 to 10.10.2020.

Economical with the truth doesn't come close to it to describing his talent for dressing up a CV!

This puts an even wiorse slant on things. The director in question is Haycox. Can't find anything anywhere that says his ban was lifted.

Commenting on this complex investigation Vicky Bagnall, Director of Investigations for the Insolvency Service’s Companies Investigations Team, Manchester, called the director ‘reckless’ for ordering ‘hundreds of thousands of pounds of goods’ that he knew he could not pay for.
“Other directors and members of the public should be reassured that The Insolvency Service works hard to remove dishonest and irresponsible people from the business environment to keep the UK a good place to do business,” she added.

A bit of digging also shows that Terry Fisher, registered director of Access Commercial Finance, was once chairman of Huddersfield Town. https://www.linkedin.com/in/fisherterry

Who was also leading a consortium to try and buy Leeds 12 years ago..

http://www.espnfc.com/story/291866/fish ... leeds-woes


Maybe he is the new investor.

Would be a bizarre method of buying a club, but probably the cheapest as I suspect it would be worth nowt once it's assets have been stripped to pay for a loan.

Me thinks Coxall needs to bring forward his annoucement etc as this will fester and fester.

No doubt the local reporters will pick up on it in two or 3 weeks.

No doubt Loughlin will not report anything relevant.

I miss IOR...

I wish our local journo's weren't so soft, if things aren't going great on the pitch they should be having a go at them and questioning both on and off the field. Instead of churning out the same old shite

"We must work harder"
"The lads have let me down"
"We need to believe in ourselves"
"<Insert player name> says Hartlepool CAN avoid relegation"

So basically we have took out on loan in the clubs name with a company whose director (?) is this guy http://www.examiner.co.uk/news/west-yorkshire-news/business-ban-lap-dancing-club-owner-4987964 and is banned from running a business till 2022?

He isn't listed as a director

Is it like when Brian Potter was banned from owning a club so got Jerry to "run it"?

He is a consultant. Terry Fisher owns the only share but seems happy to have the banned Matt Haycox gobbing off about the company as if he runs it. He is listed only as a consultant which means he isn't breaking any bans unless somebody could prove that he is really running things and that Terry is just a mate keeping the seat warm until his ban is finished.

I'm struggling to reconcile all this. There is definitely a loan involved but if there is an hands on involvement in the club of Terry Fisher I would be a lot more confident.

Lets not get ahead of ourselves just yet though, all we know for sure is that there is a loan agreement between Access Property Finance Limited and Hartlepool United FC Limited.

Wow, just look at what I have started! Can I nominate The Bunker for investigative journalist of the year or should we defer to The Mail?

http://www.mapperarti.com/terry-fisher
Seems more legit than the other fella mentioned.

As Mr I says though, it's nothing but a tenuous link thus far.

It's nothing new mate. We rumbled tmh in about 2 hours. It took Ken a month


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A journo could easy run a story based on this thread.. Easy!

There is certainly enough to be able to ask both parties on that document a lot of questions. Might well be a good story depending on their answers. There isn't proof of wrong-doing but there is plenty of justification to keep digging.

That's conclusive then, he definitely likes football.

Haycox is the guy who on Saturday pledged to match £ for £ all money raised for the little boy Alfie between last Saturday and Christmas on the Just Giving page. Saw a photo on Twitter of him with Alfie in lounge last Saturday.


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Do we know any proper keyboard warriors we can nudge?

Oops. he wont bite the hand that tees off with him though

Which twitter account is his?


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That's very debatable if he was there on Saturday.

So is this good news or bad news?

WHO KNOWS BUT AT LEAST WE KNOW THEY WONT GET THE GROUND.

Thanks to the trust.

Bloody Bunker Trust and it's egomaniac self interested cabal with their helicopter and gold steamroller.

Who'd have thought they were quietly behind the scenes protecting the long term interests of the survival of the club behind closed doors

who would have thought it eh?

And at least the council have confirmed that there are no talks taking place with any loan sharks or anyone else.

I do believe a lot of people should be bowing at the feet of John McQUE.

Doesn't mean they can't get the ground eventually though.


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^ This, thank you John and everyone else involved in forming The Trust

Maybe not. But the can be fought. By some at least.

Thirded!!!!

Fourded