Overview

BOC UK provides a loan to Hilltop Investments Limited for unspecified purposes

Commitment Year•2011Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•United KingdomSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 22, 2011

Last repayment (originally scheduled): Sep 17, 2031

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (UK) Limited (BOC UK)

Receiving agencies

Private Sector

Hilltop Investments Limited

Collateral providers

Private Sector

Hilltop Investments Limited

Loan description

BOC UK provides a loan to Hilltop Investments Limited for unspecified purposes

Interest type•UnknownMaturity•20 years

Collateral

This loan was secured by a legal charge on all present and future monies, obligations, and liabilities owed by the mortgagor to the mortgagee except monies owed by the mortgagor to the mortgagee under any agreement regulated by the Consumer Credit Act 1974 unless the mortgagee met the terms of that act related to two properties: 2B New End, Hampstead, London NW3 1DD and 6A New End, Hampstead, London, NW3 1DD, as charged by Hilltop Investments Limited on November 11, 2011.

Narrative

Full Description

Project narrative

On September 22, 2011, the Bank of China (UK) Limited (BOC UK) issued a loan offer letter to Hilltop Investments Limited — an England and Wales-incorporated privately-held property investment company — for unspecified purposes. This loan carried a maturity period of 20 years and a final repayment date in 2031. This loan was secured by (i.e. collateralized against) a legal charge on all present and future monies, obligations, and liabilities owed by the mortgagor to the mortgagee except monies owed by the mortgagor to the mortgagee under any agreement regulated by the Consumer Credit Act 1974 unless the mortgagee met the terms of that act related to two properties: 2B New End, Hampstead, London NW3 1DD and 6A New End, Hampstead, London, NW3 1DD, as charged by Hilltop Investments Limited on November 11, 2011. This charge was satisfied on June 28, 2021. The three directors of Hilltop Investments — G M Phillips, B M H Shaw, and R C Taylor — each provided personal guarantees for the loan. As of June 30, 2014, the outstanding balance under this loan was £905,152 GBP.

Staff comments

1. Three directors of Hilltop Investments Ltd., G.M. Phillips, B.M.H. Shaw, and R.C. Taylor, provided personal guarantees. AidData does not code individuals as guarantors, so no guarantor organizations are listed here.