London Capital and Finance
Discussion
I am looking at these
https://www.londoncapitalandfinance.co.uk/bonds
I have not invested before in Bonds and am a little edgy about doing so only because I am inexperienced in terms of what asset backed security truly sits beneath the investment. I am experienced in equities etc but this is new to me.
Any views on LC&F or the product on offer? Based on my investment the returns are below CGT threshold so would be alongside an ISA and not in place of.
https://www.londoncapitalandfinance.co.uk/bonds
I have not invested before in Bonds and am a little edgy about doing so only because I am inexperienced in terms of what asset backed security truly sits beneath the investment. I am experienced in equities etc but this is new to me.
Any views on LC&F or the product on offer? Based on my investment the returns are below CGT threshold so would be alongside an ISA and not in place of.
Truffles said:
Unregulated, no compensation scheme, no details of the underlying securities and too-good to be true interest rates. Run away.
All points I had taken into account and come to a similar conclusion. The fact the underlying loans are made between 12%-20% to businesses made me feel as though it was the pay day loan equivalent of the business world and the companies borrowing must have credit issues to be paying those rates and not applicable for loans from more "standard" lenders offering rates at more reasonable levels. Still, worth asking the question. If it looks to good to be true...ah well.
Appears to be a spate of these "too good to be true" unregulated investment schemes popping up in the past week.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Can we have a sticky post for thegullible unwary investors with a list of initial checks as a pre-cursor before making any investments? i.e. investment firm must be be FCA registered, FSCS limit & protection etc..?
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Can we have a sticky post for the
chip* said:
Appears to be a spate of these "too good to be true" unregulated investment schemes popping up in the past week.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Can we have a sticky post for thegullible unwary investors with a list of initial checks as a pre-cursor before making any investments? i.e. investment firm must be be FCA registered, FSCS limit & protection etc..?
I agree. A very sensible idea. https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Can we have a sticky post for the
Mods, may I post such a thing? There are hundreds of millions lost every year to these scams. It would be doing the PH community a massive favour to simply highlight them.
All the usual caveats would obviously apply.
Thoughts...?
JulianPH said:
I agree. A very sensible idea.
Mods, may I post such a thing? There are hundreds of millions lost every year to these scams. It would be doing the PH community a massive favour to simply highlight them.
All the usual caveats would obviously apply.
Thoughts...?
It's not a bad idea, but I guarantee we will still get the threads asking the questions. Pointing people to a handy guide would be helpful though Mods, may I post such a thing? There are hundreds of millions lost every year to these scams. It would be doing the PH community a massive favour to simply highlight them.
All the usual caveats would obviously apply.
Thoughts...?
Not a bond but have a look at MSP Capital
https://mspcapital.co.uk/
They lend to developers with the underlying assert secured , always returned 8% to me
https://mspcapital.co.uk/
They lend to developers with the underlying assert secured , always returned 8% to me
Rangeroverover said:
Not a bond but have a look at MSP Capital
https://mspcapital.co.uk/
They lend to developers with the underlying assert secured , always returned 8% to me
How did you invest with them? Their website offers loans and I can't see a section offering investor participation...?https://mspcapital.co.uk/
They lend to developers with the underlying assert secured , always returned 8% to me
Rangeroverover said:
Not a bond but have a look at MSP Capital
https://mspcapital.co.uk/
They lend to developers with the underlying assert secured , always returned 8% to me
That's my one:https://mspcapital.co.uk/
They lend to developers with the underlying assert secured , always returned 8% to me
https://www.dolphin-trust.com/?lang=en
Pays 10%pa in 2 x instalments and has done for years (and doubtless will do for years to come).
Edited by joyless lobotomised parrot on Friday 3rd August 19:08
JulianPH said:
I agree. A very sensible idea.
Mods, may I post such a thing? There are hundreds of millions lost every year to these scams. It would be doing the PH community a massive favour to simply highlight them.
All the usual caveats would obviously apply.
Thoughts...?
Great idea Julian. Mods, may I post such a thing? There are hundreds of millions lost every year to these scams. It would be doing the PH community a massive favour to simply highlight them.
All the usual caveats would obviously apply.
Thoughts...?
chip* said:
Appears to be a spate of these "too good to be true" unregulated investment schemes popping up in the past week.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Can we have a sticky post for thegullible unwary investors with a list of initial checks as a pre-cursor before making any investments? i.e. investment firm must be be FCA registered, FSCS limit & protection etc..?
The Regulator promulgates quite regularly about this type of thing.https://www.pistonheads.com/gassing/topic.asp?h=0&...
https://www.pistonheads.com/gassing/topic.asp?h=0&...
Can we have a sticky post for the
https://www.fca.org.uk/news/warnings/goldtech-medi...
joyless lobotomised parrot said:
Funnily enough my "Ponzi scheme investment" has just dumped the 6 monthly interest payment into my account today. 
This thread's added a bit of gambling spice to it. Will it? Won't it?
Next update Jan/Feb '19 (inshallah)
I don’t know what it is or whether it is a Ponzi scheme, but that is exactly what a Ponzi scheme does until it collapses. Some manage to run for decades (Madoff is a good example)This thread's added a bit of gambling spice to it. Will it? Won't it?
Next update Jan/Feb '19 (inshallah)
So I wouldn’t take that as proof either way
Innovative Finance innovativefinanceisa.org.uk reviewed the London Capital and Finance Plc mini-bond investment under an ISA wrapper.
A lot of research goes into their company reviews offering investments eg, debt finance, under the IFISA wrapper, but they sometimes read more like promotions rather than independent reviews.
For example no mention is made of existing critical independent reviews of companies offering an unregulated investment under an HMRC IFISA wrapper (which does not mean that the HMRC, nor FCA approve the product).
In the review of London Capital and Finance Plc or LC&F or LCF IFISA they mention clear LCF transparency. I have not found that the company is transparent re commercial due diligence. I and many other customers have repeatedly requested commercial due diligence e.g., corporate borrowers names to confirm or verify existence of the commercial lending business, by checking registration of secured charges at Companies House. Requests have been made by telephone, email and websites to the directors, accountant and solicitors to no avail or positive response.
There are 800 invited reviews on Feefo by LC&F customers, investors but not one invited review by the 700 or so commercial borrowers. Nor is their any review by a corporate borrower on any corporate review websites. Why not? Every attempt to obtain commercial due diligence from LC&F by customers, investors, introducers and IFAs is met with a refusal or ignored.
LC&F or LCF, and other debt finance minibond investment companies, refuse to provide evidence of the existence of the commercial business to pre and post investors, to introducers and IFAs. The disclosure requirements in the memorandum or prospectus are very limited for unregulated mini-bond investments.
This lack of disclosure and transparency by LC&F re commercial due diligence, and by other non-capital protected mini-bond issuers, re the commercial lending business, means it is not clear where the capital interest payments to investors and company profits is coming from.
The company, a 2012 startup which has no track record of commercial lending, could be investing in highly risky ventures, although commercial lending to smes is a risky business venture as 16% of sme startups fail within 1 year and 66% fail within 5 years.
This is not to say the company is not honouring its commitments to investors. It currently is. Rather it is unclear commercially where the investor interest payments and capital repayment is coming from. Before 2014 there is no track record of commercial lending by LC&F. In fact according to 2014-15 Companies House accounts by Oliver Clive there was only one corporate borrower in that financial year. The borrower was One Monday (now ceased) the director of which was Michael Andrew Thomson, the CEO of LC&F.
See independent reviews of LC&F or LCF on Trustpilot, moneysavingexpert.com and weebly.com
London Capital and Finance Mini-bond Review
https://anonymouslcafgmail.weebly.com/
Or at
London Capital and Finance Mini-bond Review
Post #95 below is for Part 1 and Post #96 below is for Part 2 of the review:
http://forums.moneysavingexpert.com/showthread.php...
http://forums.moneysavingexpert.com/showthread.php...
A lot of research goes into their company reviews offering investments eg, debt finance, under the IFISA wrapper, but they sometimes read more like promotions rather than independent reviews.
For example no mention is made of existing critical independent reviews of companies offering an unregulated investment under an HMRC IFISA wrapper (which does not mean that the HMRC, nor FCA approve the product).
In the review of London Capital and Finance Plc or LC&F or LCF IFISA they mention clear LCF transparency. I have not found that the company is transparent re commercial due diligence. I and many other customers have repeatedly requested commercial due diligence e.g., corporate borrowers names to confirm or verify existence of the commercial lending business, by checking registration of secured charges at Companies House. Requests have been made by telephone, email and websites to the directors, accountant and solicitors to no avail or positive response.
There are 800 invited reviews on Feefo by LC&F customers, investors but not one invited review by the 700 or so commercial borrowers. Nor is their any review by a corporate borrower on any corporate review websites. Why not? Every attempt to obtain commercial due diligence from LC&F by customers, investors, introducers and IFAs is met with a refusal or ignored.
LC&F or LCF, and other debt finance minibond investment companies, refuse to provide evidence of the existence of the commercial business to pre and post investors, to introducers and IFAs. The disclosure requirements in the memorandum or prospectus are very limited for unregulated mini-bond investments.
This lack of disclosure and transparency by LC&F re commercial due diligence, and by other non-capital protected mini-bond issuers, re the commercial lending business, means it is not clear where the capital interest payments to investors and company profits is coming from.
The company, a 2012 startup which has no track record of commercial lending, could be investing in highly risky ventures, although commercial lending to smes is a risky business venture as 16% of sme startups fail within 1 year and 66% fail within 5 years.
This is not to say the company is not honouring its commitments to investors. It currently is. Rather it is unclear commercially where the investor interest payments and capital repayment is coming from. Before 2014 there is no track record of commercial lending by LC&F. In fact according to 2014-15 Companies House accounts by Oliver Clive there was only one corporate borrower in that financial year. The borrower was One Monday (now ceased) the director of which was Michael Andrew Thomson, the CEO of LC&F.
See independent reviews of LC&F or LCF on Trustpilot, moneysavingexpert.com and weebly.com
London Capital and Finance Mini-bond Review
https://anonymouslcafgmail.weebly.com/
Or at
London Capital and Finance Mini-bond Review
Post #95 below is for Part 1 and Post #96 below is for Part 2 of the review:
http://forums.moneysavingexpert.com/showthread.php...
http://forums.moneysavingexpert.com/showthread.php...
Edited by bailin on Monday 12th November 12:40
bailin said:
Innovative Finance innovativefinanceisa.org.uk reviewed the London Capital and Finance Plc mini-bond investment under an ISA wrapper.
A lot of research goes into their company reviews offering investments eg, debt finance, under the IFISA wrapper, but they sometimes read more like promotions rather than independent reviews.
For example no mention is made of existing critical independent reviews of companies offering an unregulated investment under an HMRC IFISA wrapper (which does not mean that the HMRC, nor FCA approve the product).
In the review of London Capital and Finance Plc or LC&F or LCF IFISA they mention clear LCF transparency. I have not found that the company is transparent re commercial due diligence. I and many other customers have repeatedly requested commercial due diligence e.g., corporate borrowers names to confirm or verify existence of the commercial lending business, by checking registration of secured charges at Companies House. Requests have been made by telephone, email and websites to the directors, accountant and solicitors to no avail or positive response.
There are 800 invited reviews on Feefo by LC&F customers, investors but not one invited review by the 400 or so commercial borrowers. Nor is their any review by a corporate borrower on any corporate review websites. Why not? Every attempt to obtain commercial due diligence from LC&F by customers, investors, introducers and IFAs is met with a refusal or ignored.
LC&F or LCF, and other debt finance minibond investment companies, refuse to provide evidence of the existence of the commercial business to pre and post investors, to introducers and IFAs. The disclosure requirements in the memorandum or prospectus are very limited for unregulated mini-bond investments.
This lack of disclosure and transparency by LC&F re commercial due diligence, and by other non-capital protected mini-bond issuers, re the commercial lending business, means it is not clear where the capital interest payments to investors and company profits is coming from.
The company, a 2012 startup which has no track record of commercial lending, could be investing in highly risky ventures, although commercial lending to smes is a risky business venture as 16% of sme startups fail within 1 year and 66% fail within 5 years.
This is not to say the company is not honouring its commitments to investors. It currently is. Rather it is unclear commercially where the investor interest payments and capital repayment is coming from. Before 2014 there is no track record of commercial lending by LC&F. In fact according to 2014-15 Companies House accounts by Oliver Clive there was only one corporate borrower in that financial year. The borrower was One Monday (now ceased) the director of which was Michael Andrew Thomson, the CEO of LC&F.
See independent reviews of LC&F or LCF on Trustpilot, moneysavingexpert.com and weebly.com
London Capital and Finance Mini-bond Review
https://anonymouslcafgmail.weebly.com/
Or at
London Capital and Finance Mini-bond Review
Post #95 below is for Part 1 and Post #96 below is for Part 2 of the review:
http://forums.moneysavingexpert.com/showthread.php...
http://forums.moneysavingexpert.com/showthread.php...
A lot of research goes into their company reviews offering investments eg, debt finance, under the IFISA wrapper, but they sometimes read more like promotions rather than independent reviews.
For example no mention is made of existing critical independent reviews of companies offering an unregulated investment under an HMRC IFISA wrapper (which does not mean that the HMRC, nor FCA approve the product).
In the review of London Capital and Finance Plc or LC&F or LCF IFISA they mention clear LCF transparency. I have not found that the company is transparent re commercial due diligence. I and many other customers have repeatedly requested commercial due diligence e.g., corporate borrowers names to confirm or verify existence of the commercial lending business, by checking registration of secured charges at Companies House. Requests have been made by telephone, email and websites to the directors, accountant and solicitors to no avail or positive response.
There are 800 invited reviews on Feefo by LC&F customers, investors but not one invited review by the 400 or so commercial borrowers. Nor is their any review by a corporate borrower on any corporate review websites. Why not? Every attempt to obtain commercial due diligence from LC&F by customers, investors, introducers and IFAs is met with a refusal or ignored.
LC&F or LCF, and other debt finance minibond investment companies, refuse to provide evidence of the existence of the commercial business to pre and post investors, to introducers and IFAs. The disclosure requirements in the memorandum or prospectus are very limited for unregulated mini-bond investments.
This lack of disclosure and transparency by LC&F re commercial due diligence, and by other non-capital protected mini-bond issuers, re the commercial lending business, means it is not clear where the capital interest payments to investors and company profits is coming from.
The company, a 2012 startup which has no track record of commercial lending, could be investing in highly risky ventures, although commercial lending to smes is a risky business venture as 16% of sme startups fail within 1 year and 66% fail within 5 years.
This is not to say the company is not honouring its commitments to investors. It currently is. Rather it is unclear commercially where the investor interest payments and capital repayment is coming from. Before 2014 there is no track record of commercial lending by LC&F. In fact according to 2014-15 Companies House accounts by Oliver Clive there was only one corporate borrower in that financial year. The borrower was One Monday (now ceased) the director of which was Michael Andrew Thomson, the CEO of LC&F.
See independent reviews of LC&F or LCF on Trustpilot, moneysavingexpert.com and weebly.com
London Capital and Finance Mini-bond Review
https://anonymouslcafgmail.weebly.com/
Or at
London Capital and Finance Mini-bond Review
Post #95 below is for Part 1 and Post #96 below is for Part 2 of the review:
http://forums.moneysavingexpert.com/showthread.php...
http://forums.moneysavingexpert.com/showthread.php...
Looks like LCF have found a loophole to avoid submitting their accounts to Companies House. It appears if you reduce your financial reporting period by 1 day then the filing date is extended by 3 months. So by doing this you can avoid the scrutiny that comes from having your compnay accounts publicly accessible. You might wonder why they would want to do so
There is so more to read here with some extensive discussion of the risks
https://forums.moneysavingexpert.com/showthread.ph...
and here
https://damn-lies-and-statistics.blogspot.com/2017...
There is so more to read here with some extensive discussion of the risks
https://forums.moneysavingexpert.com/showthread.ph...
and here
https://damn-lies-and-statistics.blogspot.com/2017...
Any members have suggestions how to find commercial borrowers with asset secured loans from the commercial lender London Capital and Finance Plc. There do not appear to be any reviews online by corporate borrowers. Highly unlikely, but any LC&F corporate borrowers here in this forum? Would be good to speak with even one. Lots of bond customers invited reviews but not one borrower review invited or not out of the 700 commercial borrowers. As mentioned in my post above, LC&F or LCAF will not disclose corporate names of borrowers or provide any other due diligence re proof of the commercial lending business. As the capital invested is 100% at risk, you would think that LC&F would offer some proof of the commercial lending business to investors searching for commercial due diligence.
bailin said:
Any members have suggestions how to find commercial borrowers with asset secured loans from the commercial lender London Capital and Finance Plc. There do not appear to be any reviews online by corporate borrowers. Highly unlikely, but any LC&F corporate borrowers here in this forum? Would be good to speak with even one. Lots of bond customers invited reviews but not one borrower review invited or not out of the 700 commercial borrowers. As mentioned in my post above, LC&F or LCAF will not disclose corporate names of borrowers or provide any other due diligence re proof of the commercial lending business. As the capital invested is 100% at risk, you would think that LC&F would offer some proof of the commercial lending business to investors searching for commercial due diligence.
You are making the assumption that they actually have any commercial borrowers (other than connected companies)! 
Looks like things might be starting to happen. FCA have forced them to remove all their marketing. I wonder what will be found if they're investigating
https://www.fca.org.uk/news/statements/statement-l...
https://www.fca.org.uk/news/statements/statement-l...
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