High rate of defaults hit P2P lending sector
Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the ...
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Important UpdateFundingSecure Limited ("the Company")
Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson (‘the Administrators’) of CG & Co (‘CG’) were appointed Administrators of the Company on 23rd October 2019. The administrators are working closely with the FCA who consented to their appointment over the Companies.
The Company was placed into administration on 23rd October 2019 by a resolution of the board of directors of the Company. As a result of the administration no legal proceedings may be commenced or continued with against the Company without the consent of the Administrators or leave of the Court. The Company is now protected from any third party actions by virtue of a statutory moratorium.
The administrators have set up a dedicated email address for creditors to contact the administration team.
We will only be able to respond to urgent queries. However, key updates on loans will be ongoing and accessable on the investor platform.
Due to the early stages of the administrations, the information we have is limited, we therefore request that creditors continue to consult the website and historic investor updates in the first instance. We will continue to update investors and creditors as additional information becomes available so please watch this website for updates.
The business and affairs of the Company are now controlled by the Administrators who act as agents of the Company and act without personal liability.
Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson are licensed as insolvency practitioners in the United Kingdom by the Institute of Chartered Accountants In England and Wales and the Insolvency Practitioners Association.
Dernières réponses de runted sur jeudi 24 octobre 2019
The P2P lending platform is going to manage well if people are going to be willing to invest. Everyone who wants to lend on a P2P platform needs to make sure that they are going to get better results by making sure that they have picked the right place to go. People that do not feel safe will not lend, and the industry is going to have to do some work to help make people feel as safe as possible when they are lending.
Dernières réponses de sedgerhy10 sur mercredi 23 octobre 2019
There’s no easy way to make money and p2p lending is tremendously great, however, mostly sold to people who wouldn’t otherwise put money at risk this much. I’m a big believer into P2P but haven’t seen a very compelling model yet.
Dernières réponses de runted sur samedi 14 janvier 2017