Reply to: Montpelier loan repayment demands

[Gre]

This may assist Court issues winding-up order in respect of Montpelier (Trust & Corporate) Services Limited (“Montpelier”)

There's email addresses for the Court appointed Liquidator and the Court appointed Manager & Receiver. They should be able to advise whether they hold the loan book and can therefore agree to write off, or whether some other entity holds the loan book.

Some questions some of you might be able to answer.

Has anybody managed to have their loans with Montpelier & corrance written off for: (both separate cases)

1. pre December 2010 (no settlement)
2. Agreed settlement with HMRC

Has anybody been in touch with the IOM court?

Also what is the likelihood of the trusts being closed due to the IOM FSA action? The link above states they will continue to be licensed to conduct business under Class 4 (corporate services) and Class 5 (trust services).

[piebaps]

This may assist Court issues winding-up order in respect of Montpelier (Trust & Corporate) Services Limited (“Montpelier”)

There's email addresses for the Court appointed Liquidator and the Court appointed Manager & Receiver. They should be able to advise whether they hold the loan book and can therefore agree to write off, or whether some other entity holds the loan book.

[Snooky]

Montpelier contact details?

I last had contact with Montpelier in February 2019, when I first decided that, with the Loan Charge looming, I'd probably have to settle with HMRC. I had some email conversations with Dawn Bull about the likelihood of the loan being officially written off and she told me they'd need to see the finalised HMRC settlement detail first. I had a sort of agreement in principle but nothing finalised.

Well, roll forward 18 months and HMRC & I have eventually sealed the evil deal. So I contacted Dawn again. No response and no reply to a couple of chaser emails. Her email address still exists - no bounceback - but just complete radio silence.

Does anyone know if Montpelier (Trust and Corporate) Services Limited is still in existence? I've had no communication at all from Montpelier or the Trustee which, foolishly perhaps, I would have expected if they'd gone into receivership.

Does anyone have any kind of contact details which might to allow me to pursue the loan write-off (email ideally)?

[Paralytic]

I suspect "paid off my loan" actually means "paid tax due".

[Iter]

Guys, I've come really late to this party and just had a long phone call with the appointed manager for the Montpelier mess.

I paid off my loan and yes, I doubt if I'll see any of it ever again. I'm like hundreds of others in this sorry mess. Is their any more updated news on where this has been going or plans to take further action?

I've been advised to take legal and tax advice, (more money!) But is this just good money after bad? Any comms would be appreciated, but no hindsight merchants please. I am trying to focus on the future and what might be rather than my stupid decisions of the past. Thanks

Really! you have repaid, and now you’re considering taking further advice.

[DealorNoDeal]

I paid off my loan and yes, I doubt if I'll see any of it ever again.

You repaid all the loans? I thought they only requested a repayment of 10%?

[Alibee]

I've been stuffed - Class action perhaps?

Guys, I've come really late to this party and just had a long phone call with the appointed manager for the Montpelier mess.

I paid off my loan and yes, I doubt if I'll see any of it ever again. I'm like hundreds of others in this sorry mess. Is their any more updated news on where this has been going or plans to take further action?

I've been advised to take legal and tax advice, (more money!) But is this just good money after bad? Any comms would be appreciated, but no hindsight merchants please. I am trying to focus on the future and what might be rather than my stupid decisions of the past. Thanks

[Nicowlarse]

News From The Press

WG in the wars again Isle of Man Judgments Online

Montpelier and Mr Gittins look to be coming to a sticky end. On the Isle of Man FSA website his companies appear to be in receivership as a result of Mr Gittins using some "millions of pounds of client funds' to maintain his lifestyle.

One wonders just who David Sterling is with his posts in June of this year, since, if you view the links to the above website, June was more or less the time the case that led to this action was being heard.

Shame couldn't happen to a nicer chap.

[piebaps]

WG in the wars again Isle of Man Judgments Online

[webberg]

I noticed the most recent document from the administrator here: MONTPELIER PROFESSIONAL LIMITED - Filing history (free information from Companies House) and noticed that the parent company is unlikely to get its £11,173,419 back. I've no idea what it all means though.

I think I've reported before that Montpelier Professional in the UK has been placed in liquidation because they tangled with an insolvency specialist who spent a lot of time (and his own money) pursuing money he claimed he was owed. A Judge agreed.

[Iliketax]

If anyone cared to undertake just a little research

I noticed the most recent document from the administrator here: MONTPELIER PROFESSIONAL LIMITED - Filing history (free information from Companies House) and noticed that the parent company is unlikely to get its £11,173,419 back. I've no idea what it all means though.

[piebaps]

He didn't exactly cover himself with glory in this IOM tax appeal either Isle of Man Judgments Online

Unsurprisingly the client's appeal failed because it was late.

[BrilloPad]

To be fair, WG did pursue a JR against s58 and took it to the high court, court of appeal and tried appealing to the supreme court and ECHR. And he did take the case to a tax tribunal. Missing the deadline to appeal was inept though, even though the case was hopeless. He probably did more than most providers to defend his schemes.

To me, he became suss when he started demanding loan repayments.

I don't suppose anyone who repaid has ever seen a penny of the money again.

The reason he did not appeal was lack of money.

One person who repaid 10% asked for it back. They are still waiting.....

[stonehenge]

To be fair, WG did pursue a JR against s58 and took it to the high court, court of appeal and tried appealing to the supreme court and ECHR. And he did take the case to a tax tribunal. Missing the deadline to appeal was inept though, even though the case was hopeless. He probably did more than most providers to defend his schemes.

To me, he became suss when he started demanding loan repayments.

I don't suppose anyone who repaid has ever seen a penny of the money again.

[huntingground]

A wise man once said; Do not argue with an idiot. He will drag you down to his level and beat you with experience. This is so appropriate in your case!

If anyone cared to undertake just a little research in these claims you will find a great man who had the balls to create legal tax loop holes and what is more poignant is that he defended these structures in Court with the HMRC who ultimately dropped the case against him. That really does say a lot for his intellect and ability to legally take on the establishment and is surely worthy of applause rather than ridicule and idle speculation.

Mr. Gittins enjoys an enviable and well deserved lifestyle and will go from strength to strength. Take if from someone who has had the pleasure to know and work with Mr. Gittins for over 30 years, he is a good egg!

Good Morning WG.