Independent Banking Advisory Service
Established in 1992
Cruickshank IBAS and Bank Overcharging
IBAS acts as a conﬁdential advisor for your business by providing reliable data and expert advice and will be a valuable addition to your management team. The additional attentiveness in your business ‘banking relationship’ and quality of information IBAS provides also allows your management team to concentrate on other areas of your business, whilst making certain that your business banking account charges are correct and that bank interest charging is not (and has not been) inﬂated or excessive.
Commercial Property Mortgages - IBAS has seen commercial property mortgages over the last year where the bank has incorrectly charged interest and also incorrect margins back to 2005 and up to date. That may mean the bank has involved their 'Specialist' bank 'recovery' department who have inflicted Excess and Penalty interest on Commercial Property Mortgages where they should not have done so - reducing company profits and opportunity. This is not just one bank. The amounts are considerable. The results of such bank conduct if left unchecked or unidentified and where the company trading is already reduced or under pressure will inevitably create a default. That (in the circumstances outlined) would represent a 'False default' - 'created' by the bank. That creates an insolvency situation for the Directors and Company whilst the bank's conduct can go entirely unnoticed, despite property and assets being devalued and then 'lost' due to the bank. At that stage, Director's personal guarantees to the bank will also be 'called upon'.
We believe IBAS is the most economical, professional, confidential guidance and direct assistance organisation available for UK Business banking problems and disputes, up to and including litigation. IBAS experience has proved to be the deciding factor in effective and sometimes almost miraculous settlements for business banking customers. What do you require from your advisor? Tell us what you are seeking by emailing us and we will respond to you in a no obligation and confidential 'conversation'.
IBAS has specialist knowledge from IBAS investigations into UK business banking account disputes since 1992 - no other organization has IBAS experience or IBAS knowledge, which provides IBAS with 'extra' width of knowledge for our investigations (and IBAS use only) in assessing investigation strategy to produce the best results - that provides you with extra and better 'options' for your bank personal guarantee debt claim demand.
If your business has been or was forced into Lloyds Bank Business Support Unit, Royal Bank of Scotland/NatWest bank/RBS Global Restructuring Group (GRG) unit or HSBC Specialized Lending Unit - we know how they operate and how false defaults are engineered - lawyers do not have that specific experience or IBAS knowledge from such cases. It is also now documented that Mandatory referrals and transfers to such units were required by those banks and that any 'breakdown' of the customer relationship (whether engineered by the bank or not) was used to refer businesses to such units and that even the questioning of bank charging by the business was enough to 'trigger' the bank moving that business to what are effectively 'debt recovery units' and building up penalty fees and charging rates to drive up the debt then being claimed - so contact IBAS with your case details and let us know whether your company is still trading - or been forced into insolvency by the bank.
Business Support Units, Specialized Lending or Specialist Relationship Managers are all terms used by the banks for those brought in to 'rip off' businesses by forcing or 'triggering defaults' - which forced businesses into insolvency situations where the bank could then plunder the cash flow and assets.
Or telephone (during office hours only) on 01487 843444 for confidential conversation
After 25 years of investigating business banking cases we know nobody can claim they have a 'formula for guaranteed success' on business bank debt claims. But, knowing what can be achieved from IBAS strategies developed and finely tuned since 1992 - means that IBAS can 'shorten the odds' to success with your claim.
'I found IBAS to be Impressive & professional with no nonsense. I followed IBAS strategy totally and the result was spectacular. Thanks for putting my life back on track and saving me a bucket load of money - I cannot thank you enough. I would now start with IBAS and ignore all the others who are 'selling' an imitation of these guys but without IBAS knowledge! - AT November 2016
The Cruickshank Report - IBAS prepared and sent a report to the Treasury which evidenced interest overcharging of UK Business Banking customer's accounts by all major banks prior to Cruickshank's Report (2000) - the IBAS report was then sent onto Cruickshank's Review Team.
IBAS UK bank and banking experts provided the Cruickshank Banking Review investigation with specific bank and banking information.
That information came from IBAS internal research on banks and business banking account investigations, carried out by IBAS's internal UK business banking account audit team.IBAS assisted Cruickshank's review team's 'understanding' of how UK banks overcharged and also how UK Business bank overcharging was then concealed by banks. The majority of 'banking experts' refused to assist Cruickshank with his enquiries into the banking industry and were not prepared to evidence what they had claimed. As these 'banking experts' were commercial profit seeking entities we assumed their reticence was either due to their belief that banks would penalize them for doing so or their fear of the banks in general terms.
The Cruickshank Report identified UK bank overcharging on business bank accounts as being a major problem and confirmed that UK businesses were at risk from bank overcharging or had already been overcharged by their bank.
The Full Cruickshank Report brought 'into the open' a number of business banking issues for UK businesses and consumers. UK Business Banking disputes start with errors or mistakes which are often concealed by the bank. The majority of bank error and bank mistake identified by IBAS 'in-house' specialist business bank account interest audits and calculations in our business banking account investigations for UK Corporate and UK business banking accounts showed a heavy bias towards the bank's profits.
UK Business Banking disputes start with errors or mistakes which are often concealed by the bank. The majority of bank error and bank mistake identified by IBAS 'in-house' specialist business bank account interest audits and calculations in our business banking account investigations for UK Corporate and UK business banking accounts showed a heavy bias towards the bank's profits.
IBAS casework investigations identified that bank overcharges were concealed in business bank accounts on which the bank later demanded payment. Those overcharges had a detrimental impact on customer's assets and property and banks were obtaining property 'possessions' based on inaccurate and highly profitable excess interest charges being applied to accounts often 'unfairly' and outside any proper agreement.
That profiteering by banks has been documented recently by BBC and others in highlighting 'specialist' banking units set up specifically to profit from business distress - but that behavior has been evident at IBAS for more than the last decade with little being done to prevent it by Regulators or Government who both turned a blind eye to suggestions that the UK Banking Industry was plundering Businesses and their personal assets.
Because IBAS were able to recognize and calculate business bank account overcharging, we habe been able to prevent property repossessions and cases of bank asset stripping. The knowledge provided by many bank overcharging 'cases' plus the ability to calculate and also prove bank overcharging has provided IBAS with an important 'tool' for all our case work. That 'tool' has also provided us with the ability to create defences and counterclaims for our members and made successful case resolutions possible.
IBAS had obtained in excess of £21 million in refunds, write-offs and write-down of bank debt from our investigations of UK Business Banking Disputes and that was at the time we 'stopped counting' (some years ago).
see Business: Your Money Not a moving account - BBC 22/07/99
IBAS has featured on BBC TV, BBC TV News, ITV, Meridian and Sky News and contributed to many editorials and articles including those for the Sunday Times, Times, Daily Mail, Daily Express and Daily Mirror.
Independent Banking Advisory Service (IBAS) - launched in 1992 as a specialist unincorporated business banking membership organization assisting bank customers with UK business banking account loan disputes and business banking debt disputes with their bank. Our analysis and investigation of business bank loans, bank accounts, banking contracts, business banking account facilities and banking debt recovery information has been instrumental in our member's success.
Last modified: 19th May 2018