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The incident started in 2008, when the business took out a loan to protect itself against the risk of rising interest rates, on the bank recommendation.
However when rates dropped, the business was stuck with higher than needed repayments.
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this stalwart approach.
The solicitor leading the case, Rob Ripley, said it was just one example of a widespread problem of small companies struggling to get fair compensation from banks.
176k from bank over mis
bank closed its doors to our claim and refused to re open or permit appeal. I will always be indebted to Rob and hope that others will benefit from Adidas Men's Climacool Boat Breeze Water Shoes
make a tremendous difference to our business. The past five years have been harrowing.
"In this case we were acting for a family business. The owner was D Rose 2.5 devastated by the problems its bank caused but we persisted and challenged the bank after it adopted the remarkable approach of admitting mis selling but denying causing financial losses."
client added: "Constant rejection of any claim is disheartening. The result was fair, justified and will Adidas Climacool Red Shoes
Rob Ripley said: "It is a significant sum for any business, and many small firms have become insolvent in recent years as a result of much smaller losses.
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