[jon1026]

Has anybody had any dealings with Ultimate Finance Ltd of Bristol. They are a factoring company and I dealt with them when I had my business. All went well until I decided not to continue with them having given them the statutory notice period. I could not speak to them only being referred to their solicitor. I had to take them to court to get sight of my sales ledger and funds in use account. When I received them, I was horrified to see they had taken £24765.00 in additional service fee. Any information would be useful

[Ian J]

I am a specialist factoring broker and am well aware that some of the factoring companies out there are not all they are cracked up to be but in my extensive experience of the market I am pleased to say that Ultimate Finance are one of the good guys and I have never had one single complaint from the many companies that I have placed with them.

I did speak to Ultimate (at director level) about your complaint some time ago when you posted a similar complaint elsewhere and suffice it to say in my opinion you got off lightly considering the many breaches of the factoring agreement that you had made.

[montyzuma]

how did you know it was him? how did you know he posted elsewhere?

[jon1026]

Ian, that was a very interesting post. However, as you admitted, you are a broker and therefore dependent on people like Ultimate Finance for your bread and butter. A number of issues from your post have come to light and therefore clarification is required. But let me caution you first as to the information in the public domain has to be accurate otherwise it is open to all sorts of legal action. The facts in my original post are correct and court papers are available for all to see as are the relevent accounts. If your bank suddenly took literally thousands in unscheduled charges, how would you feel. Legal action against ultimate is continuing. If you feel your reputation is important to you, then be careful who you recommend to them. All will go well until they wish to leave and go elsewhere.
Please answer these questions:-

How am I in breach of my agreement?
How do you know this unless Ultimate Breached the data protection act and discussed with you in depth (as it would appear for you to make that accusation).
This is further proof of not trusting this company. Sheep in wolves clothing springs to mind

[jon1026]

Hi Montyzuma,

That was a very interesting point you raised. I bet you won't get an answer.

[montyzuma]

Hi Jon

Does seem a bit strange to respond to a 3 month old post

what does it have to do with him?

[jon1026]

I suspect he is a member of Ultimate Finance and just spotted the post. He is trying to camaulflage himself in brokers clothing. Another case of a financial institution defending their extortionate charges. How to get rich on the back of others.

[montyzuma]

Stranger things have happened

[jon1026]

I totally agree, but what would be even more strange, is if Ultimate Finance decided to repay the money they owe without recourse to legal action, but we all know about flying pigs and all that

You never know, this 3 month old post may just start getting read and commented upon now that Ian started the defence of our friends at Ultimate

[montyzuma]

Hold on there, Lone Ranger
who is this "we" of whom you speak?

I know nowt about your problem
but wish you all the best in getting it resolved.

I just commented that I found it strange that a one-off poster
should come on and revive a 3 month old post
and seem to know a lot about it.

[jon1026]

Hi Montyzuma, the we was in the Royal "We", not incorporating you in my battles with a financial institution who portrays honesty and integrity yet, like many banks, will impose hidden unfair charges. Grateful for your observations and comments. Like you, I thought a 3 month old post would now be dead in the water

[montyzuma]

No Probs jon,

hope you get things sorted out

[Ian J]

[Russet Guzzler]

[Ian J]

[LondonChap]

[Russet Guzzler]

[montyzuma]

ianj can you please remove your advert from your signature.

regardless of the rights and wrongs of this particular case, I am astonished that someone should come onto an open forum and speak out in such a way, were I to be looking for a company to be providing such a service, I dont think I'd be considering this one, you really have to wonder about his motivation.

[Ian J]

[quote="montyzuma"]Let me get this straight. It seems to be acceptable for someone to make defamatory statements about a respectable company on an open forum whilst hiding behind a cloak of anonymity but anyone who tries to defend them has suspect motives.

Strange forum you have here

[montyzuma]

Thank you, we do our best.



Can you remove your ad please.
2nd warning then you get deleted

[Ian J]

[montyzuma]

the www link in your profile

[Russet Guzzler]

[Ian J]

[Russet Guzzler]