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  • Felicitas Solutions & FS Capital – Letter Enforcing Loans

    12 February 2020

    Andy Wood

    Felicitas Solutions & FS Capital – calling in your loans…

    Felicitas Solutions & FS capital – letters

    PLEASE NOTE THAT WE ARE NO LONGER TAKING ON NEW PRO BONO CLIENTS IN RELATION TO THIS MATTER. If you would like our assistance please email with your details and a copy of the letter(s).

    Have you received a letter from either Felicitas Solutions or FS Capital attempting to recall a ‘debt’ or offer to release such a loan if you make them a payment?

    This is likely to be the first you have ever heard of these companies.

    The back story is that you, knowingly or unknowingly, entered in to a contractor loan scheme with IQ, Garraway, Sanzar or a number of other similar and sometimes associated contractor avoidance schemes.

    You may well have settled any dispute with HMRC on the basis that these loans should be taxed as earnings or. Alternatively, you are waiting to see how the loan charge develops between now and Royal Assent of FB2020 following Sir Amyas Morse’s recent review.

    Alternatively, or additionally, you may also be under HMRC enquiry for your affairs and may have received an Accelerated Payment Notices (“APNs”) in relation to these schemes.

    As such, this letter will have no doubt added to your financial stress.

    What is this letter talking about?

    The basis for their claim is that they say the original provider of the loan scheme – for example ECS International Trustees or Professional Independent Trustees – has assigned their book of debt to them.

    FS Capital and / or Felicitas Solutions, as the purported new owner, are now looking for repayment of the loan or offering a ‘loan busting’ scheme.

    Despite these assertions, in the letters we have seen, there is no supporting evidence that any assignment of the debt has taken place.

    We have seen previous versions of this exercise conducted through an entity called Helpline Services Limited. This entity is now in active strike off at Companies House.

    What should I do?

    We have serious concerns and question about the events as allegedly set out. As such, we would urge you to discuss the matter as soon as possible with a professional.

    Certainly, do NOT pay this amount without first obtaining proper advice.

    Due to our concerns about this development we are happy to commit some of our time to respond to this first letter on your behalf as part of our pro-bono scheme.

    **If you would like our assistance please email with your details and a copy of the letter(s)**

    If you have any queries about this article or would like any assistance in responding to the letter you have received from Felicitas Solutions or FS Capital, then please email us at