Agriculture businesses are able to claim back millions in mis-sold business loans.
The agricultural industry has faced tough times this year and with Brexit on the way too things may become even more challenging so we would like to help you to reclaim thousands of pounds of your money back.
Did you take out a Tailored Business Loan or Fixed Rate Loan for your agriculture business with either the Clydesdale or Yorkshire Bank in England & Wales or Scotland?
If you answered yes then you could receive thousands of pounds in compensation and it is free to sign up to the action. It is being conducted on a purely No-win, No fee basis.*
The total amount of compensation for the Agriculture businesses is likely to be in the hundreds of millions of pounds. Individual amounts awarded will depend on a number of factors, including the size and term of your loan.
Our client Jan Sheward is one such lady who owned a successful food business that included a six-acre poultry farm and she took a loan out to fund the development of her business to the value of £1,768,000 with the Clydesdale Bank.
Yorkshire bank also handled the factoring of invoices for the business and without good reason or warning they suddenly refused to release factoring money starving the business of cash flow.
She complained to the bank and they sent an administrator in to assess the situation, after which despite this expert siding with Jan, the bank started to dispose of the assets that eventually resulted in the business closing down. 40 people lost jobs. Her farm estate was disposed of for a small fraction of its real value.
She also lost her home and all assets too. All this happened while she was battling cancer too
Jan is now part of our class action claim and we are helping to seek recompense for what happened to her and others just like her. A court date has now been set for the end of the year. So far over 2,500 other businesses have signed up so make sure you act now before it is too late!
The case is based on Clydesdale’s and Yorkshire Bank’s institutional dishonesty when selling Tailored Business Loans (TBLs). ANY customer who was sold a Fixed Rate Business Loan or TBL is eligible to join this compensation claim so what have you got to lose?
We are particularly keen to reach people facing difficult circumstances financial or otherwise in the agricultural industry, people who may not realise they are owed thousands, and in some cases six or seven figures, by the bank. This could be life changing for you!
Our analysis calculates that average claim size for direct losses for an agriculture business (excluding consequential losses) is £248,000.
Even if you have claimed before against Clydesdale Bank or Yorkshire Bank, you can still join the group action.
You can even join if:
- You’ve previously had a complaint ‘time-barred’
- The complaint was previously rejected
- You have already accepted an offer of compensation
- Your company is in administration or has been dissolved. (If your business has been dissolved you will need to reinstate it in order to join. We can do this on your behalf).
It is worth noting that if it can be proved that your agricultural business went into administration as a consequence of the loan, then like Jan you could be entitled to a consequential loss settlement that would be much larger.
Join us today while you still can and claim your money back before it’s too late!
*Fee maybe payable in the event that the customer cancels the agreement.