Retail businesses are able to claim back millions in mis-sold business loans.
We are particularly keen to reach retail business owners who are facing difficult circumstances financial or otherwise, 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!
During these tough times for the retail industry 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 retail 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 to the retail industry 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.
The case is based on Clydesdale’s and Yorkshire Bank’s institutional dishonesty when selling Tailored Business Loans (TBLs). ANY retail business owner who was sold a Fixed Rate Business Loan or TBL is eligible to join this compensation claim so what have you got to lose?
A court date for this class action claim 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!
Our analysis calculates that average claim size for direct losses for a retail 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 retail business went into administration as a consequence of the loan, 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.