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There is an interesting article in the Telegraph from 2 October 2020. Their business section has an article by Rachel Millard titled, “Peer-to-peer lenders face huge losses after bet on Yorkshire coal mine”

Personally, I am not sure that the headline really does the case justice but it describes multi million pound losses for Archover and Assetz Capital. There may also be losses for other lenders to these companies. The losses are attributed to the companies of Mark Runiewicz and his business partner and co-director, Mary McErlain. What makes this more intriguing is that Mary would appear to be Mark’s wife or partner.

On the Trustpilot website Archover respond to a poor review by describing the problems that had faced with UK Exim Finance as a fraud. They said, “Thank you for reviewing ArchOver.

The company you refer to is UK EXIM Finance (UEF) not EXIM. The company was not introduced by our parent company.

As you are well aware this fraud has affected a number of other lenders as well as ArchOver but our monitoring team was the first to uncover it. UEF had been a legitimate borrower for a number of years until this year. As you are aware from the multiple updates from ArchOver we are pursuing a wide range of avenues for recovery with the full support of Hampden Group, who themselves are also exposed as a lender in UEF.”

The article in the Telegraph describes how businesses owned by Mark Runiewicz and his co director and business partner Mary McErlain failed owing millions to Peer to Peer lenders. The article in the Telegraph can be seen in the images below: (please click the image to see full size)

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