Member Info for Crazyyear

Those who sit atop the food chain in the Ministry of Justice and the Department for Business, Energy, and Industrial Strategy,have no doubt been liaising with the SC judges behind the scenes. It stands to reason that a sensible comprimise will prevail

Labour will be seen supporting the working class and getting a pat on the back from the Media. This was always going to be a a forgone conclusion .

Get ready for an SP Roller Coster amongst all the lenders.

The Chancellor is considering overruling the impending Supreme Court verdict on the motor finance scandal if it rules in favour of the lenders, after the Treasury failed to intervene in the landmark case.

According to The Guardian, Treasury officials have been discussing the feasibility of overturning the Supreme Court’s decision with the Ministry of Justice and the Department for Business, Energy, and Industrial Strategy.

If the Supreme Court sides against the lenders the Chancellor is currently exploring if the Treasury can step in to overrule the top court.

Back in February, the top court rejected the Treasury’s application to intervene in the upcoming hearing. The government has been concerned that the pending fines could lead to companies withdrawing from the sector and prevent customers from accessing credit.

Well it seems the verdict is in. Regardless of what the SC decides. All the lenders involved, are stuffed according to the Goverment.

Linked cases

UKSC/2024/0157 Hopcraft and another (Respondents) v Close Brothers Limited (Appellant)

Legal issue

UKSC/2024/0158 Johnson (Respondent) v FirstRand Bank Limited (London Branch) t/a MotoNovo Finance (Appellant)

Legal Issue

Last updated: 24 July 2025

Posted today

Case ID

UKSC/2024/0157

Parties

Appellant(s)

Close Brothers Limited

Respondent(s)

(1) Amy Louise Hopcraft (2) Carl Hopcraft

Intervener(s)

UKSC/2024/0159

•

COMMERCIAL

Wrench (Respondent) v FirstRand Bank Limited (London Branch) t/a MotoNovo Finance (Appellant)

Awaiting Judgment

Wrench (Respondent) v FirstRand Bank Limited (London Branch) t/a MotoNovo Finance (Appellant)

Awaiting Judgment

Case summary:

Does a car dealer who receives a commission from a lender for arranging finance in a tripartite transaction between customer, dealer, and lender in which a car is bought on credit owe a duty to the buyer of the car such as to enable that buyer (absent the requisite level of disclosure) to bring a claim against the lender for bribery or dishonest assistance, or under the Consumer Credit Act 1974 (the “CCA”)?

The appeal requires the determination of the following sub-issues:

(i) Does, or should, the law recognise a distinct tort of bribery?

(ii) If such a tort is recognised, what is the nature of the duty or relationship (here between dealer and customer) that must exist in order for the tort to be engaged?

(iii) Relatedly, what level of disclosure will prevent liability for bribery from arising?

(iv) In Mr Johnson’s case, was the relationship between customer and lender “unfair” for the purposes of the CCA?

Linked cases

UKSC/2024/0157 Hopcraft and another (Respondents) v Close Brothers Limited (Appellant)

Legal issue

UKSC/2024/0158 Johnson (Respondent) v FirstRand Bank Limited (London Branch) t/a MotoNovo Finance (Appellant)

They have a patent until 2035 . A long time to grow there market share

Considering there projected revenue going forward and the patent life left on there product this is only £25 million to take over the company. Must be a target soon

Has the company got any other produts in development

Is this a similar type of tech

https://cizzlebiotechnology.com/the-science/

OBD could follow in the footsteps of this company in the coming years

https://mugglehead.com/grail-shares-jump-on-partnership-with-quest-diagnostics/

Vår Energi will release its quarterly results on 22 July at 07:00 CEST.Hopefully we may get an update on the Balder field production

When you step back and take into account the whole picture, one question remains!! How many people realistically have a chance of compensation when compared to the scale of PPI

PPI had ~64 million policies, leading to ~40 million successful claims.

Car Finance comparison

Scenario Likely Success Rate Estimated Successful Claims

Optimistic (FCA push) ~50% 500,000–600,000

Base Case (Court ruling) ~30–40% 300,000–450,000

Pessimistic (strict proof) ~10–20% 100,000–200,000

1. Estimated Costs for Top Lenders of most likely outcome

(Assuming 300,000–600,000 successful claims at an average of £1,000–£1,500 per claim)

Lender Exposure (Motor Finance Book) Estimated Refund Cost Impact on Profits

Lloyds (Black Horse) ~£10bn+ in loans £300m–£600m ~5–10% of annual profits

Santander UK ~£6bn+ £200m–£400m Moderate hit (4–8% of profits)

Close Brothers ~£3bn (30% of group earnings) £150m–£300m Severe (could wipe out 1–2 years of profits)

Barclays Partner Finance ~£4bn+ £200m–£400m Manageable (~3–6% of group profits)

Hyundai Capital UK ~£2bn+ £100m–£200m Significant for a niche player

One thing is more likley than not. There will be some form of recompense

I personnally lean to woards the middle Base Case!!!

DYOR

With AUM falling 50% over two years there is no way to protect the SP from falling. I am looking to buy in when the dust has settled on this company, which could be further down the road. If they don't turn the AUM around then !!!!!

Thanks for all your thoughts. This is a toss up, however in the long run it looks more like a 10 bagger. I think I will jump in on Monday and hold regardless of the outcome from the SC

Hi Guys

I have just come accross this share on a DYOR . I am seriously in the throws of buying some shares. However I would welocme your insight. Regarding the slide of the SP since Sept 2024. Am I right in thinking that this is mainly due to the car finance fiasco that a lot of banks are caught up in. Or is there something I have missed. The NAV on this share is( as you all know ) is way above the SP

Why go through all of this, involving shareholders if shareholders gain nothing at the end of the process. Its a load of horse crap

Can anyone explain how this unfolded regarding any monetary gain made by shareholders. They were cancelled the next day. So what was the outcome for shareholders

Further to the publication on 10 May 2022 of the Notice of Annual General Meeting (the "Notice"), and the passing of all the required Resolutions at the Annual General Meeting of the Company on 9 June 2022, the Company announces that the final hearing in the Court process to convert its Euro 14,734,000 merger reserve into a distributable reserve is expected to be held on 11 October 2022 (the "Court Hearing").

As described in the Notice, an issue of bonus shares, each having a nominal value to be determined as at the date of the Bonus Issue (each a "Capital Reduction Share"), shall occur on the evening of 10 October 2022 (being the day before the Court Hearing). Accordingly, the record time for the bonus issue shall be 6.00 p.m. on 10 October 2022 (the "Record Time"). The nominal value of each Capital Reduction Share shall be determined as described in the Notice.

One Capital Reduction Share shall be issued for each ordinary share of 10p in issue as at the Record Time. In addition, and as described in the Notice, the Capital Reduction Shares will not be admitted to trading on AIM or to trading on any regulated market. No share certificates will be issued in respect of the Capital Reduction Shares. The Capital Reduction Shares will have extremely limited rights. In particular, the Capital Reduction Shares will carry no rights to vote, no rights to participate in the profits of the Company and no rights to participate in the Company's assets save on a winding-up. The Capital Reduction Shares will be transferable, but it is not expected that any market in them will develop and it is anticipated that the Court will confirm their cancellation at the Court Hearing on the day immediately after the date on which they have been issued.

They will wait until after Ex Divi date to bolster the SP