With his $270 million loan to HSBC due in weeks, can Richard UnCaring find the funds to stay solvent as his previous backers appear to be abandoning him.


New year, new nightmare for Dick UnCaring.

The clock is now ticking on the deadline date for the $270 million loan that his front holding company MBH Group secured from HSBC, which is scheduled to be repaid at the end of April.


The bank already had extended the loan’s payback date by 12 months. But no one knows how Richard UnCaring is going to find the money to pay it back against the new deadline.


Will his mysterious backers bail him out again? Will HSBC cave again and extend his line of credit? Or has the moment finally come when integrity-free Dick’s chickens come home to roost?


He may weasel his way out again as he has done so many times before. But here at Richard UnCaring we will be counting down the weeks to this Caringocalypse.

Let the countdown begin!  




(MBH Group (UK) Limited Annual Report and Financial Statements – 1 Jan. 2023)


UnCaring’s Long Covid

The cause of Dick’s predicament is all due to the Covid-19 pandemic. With his venues closed, and despite his exploitation of the British government’s free cash crisis-loans to enable him to escape with his family to Mykonos and keep financing his own party lifestyle unshackled, balance sheets plummeted with the man himself complaining of “steep losses”.


His own Annual Reports show how by 2023 the three main pillars of the network of holding and front companies he has set up to obscure his miasma of inter-company loans and transfers – the Troia Group, MBH Group and CH Acquisition – were now dependent on the largess of HSBC.


The loan and revolving credit facility with the bank, extended to $270 million, was keeping his enterprises on life support – with payback due on 29 April 2024, although with an extra option to extend for a year.




(MBH Group (UK) Limited Annual Report and Financial Statements – 1 Jan. 2023)


That could prove to be an extensive promise to have made…


Who Will Save Him?


With the countdown now on, the question is who will bail out Caring this time? In the past it was the Qataris. And HSBC.


In September last year – with knowledge this cliff edge was looming in 2025 – reports began appearing in the papers of a new savior, a little-known fund called Si Advisors.


But since that news was leaked, and despite promises that an announcement was imminent, there has since been nothing but silence. Can he sell in time or has Richard UnCaring’s luck finally run out?


More to come…