Stellenbridge

Whatdoyou

I've startetd to get emails from a company called Stellenbridge offering lots of money to introduce people to their investment opportunity which looks a bit like The Funding Circle. They guarantee their return but having checked out the company their Company Registration number is wrong and if you search their name they are currently dormant at Companies House. I just wondered if anyone had come across them and also wanted to flag up they might be a bit 'fishy'!

Archi_Bald

Unregulated business. Wouldn't touch it with a barge pole.

planteria

i think you have answered your own question, Whatdoyou..
A guarantee is only as good as who is offering it.

redbuzzard

Is this the website?

http://stellenbridge.co.uk/how-it-works.html

They don't seem to be very good at either grammar or arithmetic.

0.05% per month = 6% per annum in their world.

Interest seems to be quoted as a "flat" rate, even though if taken at face value that would make the AER (not stated) considerably higher - of course it may just be that it is so vague that I can't understand it.

It says that the income is guaranteed, but not how or by whom.

It does look like back to back loans. You give them money which they repay to you in 30 equal monthly capital instalments starting after 6 months.

Meanwhile, you receive monthly interest in equal amounts for the 36 months. This is presented as a higher rate of interest towards the back end of the loan as if it is a good thing - actually the interest is "earned" when the capital is higher so they are back ending the cash flow.

The address on the website is the home of a virtual office service so it is unlikely that the principals are to be found there.

The business name is given as "Stellenbridge", no limited company is mentioned and as stated above the company of that name is dormant. The "registered number" quoted is that of a dissolved company with an unrelated name.

Terry_Mardy

you don't need to be regulated to borrow money


regulated firms giving bad advice and losing your money on the stock market garners the reply, "sorry, we got it wrong - you lost your money"


the interest rates look good in actual fact.....

ratechaser

Terry_Mardy wrote: »

you don't need to be regulated to borrow money


regulated firms giving bad advice and losing your money on the stock market garners the reply, "sorry, we got it wrong - you lost your money"


the interest rates look good in actual fact.....

Oh yeah, that 0.05% a month is definitely reeling me in.

With that post, I'm going to get myself some popcorn. I'd offer you some, however I don't think they do billy goat flavour...

dunstonh

regulated firms giving bad advice and losing your money on the stock market garners the reply, "sorry, we got it wrong - you lost your money"
the interest rates look good in actual fact.....

That statement is just daft on so many levels. It is irrelevant to the topic and the rate is hardly attractive for an unregulated risk based option.

A guarantee on a regulated product has to mean guaranteed. In the case of unregulated products, the guarantee does not mean guaranteed in the same way and loss of capital is still possible.

Do you normally sign up on forums to promote a product or just ones that you have a link with?

Terry_Mardy

1. Firstly, I've been a regulated stockbroker myself


2. I was looking at interest rates, in fact if you put £100K into the calculator the interest rate is 8.4% a year giving £700 a month, which is good return


3. No, I'm not involved with Stellenbridge


There's only one thing worse than internet trolls, it's smart a***'* who know F all about what they're talking about.


If you look at their website it's a legally binding loan agreement so at least you can go after their assets - if the so called "regulated" advisors give you wrong advice - too bad, you've lost the lost


Admittedly the company number is wrong but of you put the name Stellenbridge Limited in the companies house webcheck page you'll see it's alive and kicking.

pjread

Status: Active
Date of Incorporation: 12/06/2012
Last Accounts Made Up To: 30/06/2013 (DORMANT)

Yeah, no alarm bells at all... Tell you what, give me that 100k and find a couple of dozen others to get involved and I'll guarantee you 10% a year. Via a private limited company with no significant assets.

dunstonh

There's only one thing worse than internet trolls, it's smart a***'* who know F all about what they're talking about.

No need to be so hard on yourself.

If you look at their website it's a legally binding loan agreement so at least you can go after their assets - if the so called "regulated" advisors give you wrong advice - too bad, you've lost the lost

For someone that claims to know about regulated products, you don't actually know much at all. So, please explain what happens if the company has no assets.

Reaper

:rotfl:
You used to be a stockbroker and yet you focus purely on the returns and are dismissive about the risk to capital? Maybe that's why you are an ex-stockbroker.

But by all means invest in a dormant company with an error filled web site and if it all goes wrong good luck taking somebody with a virtual office to court to seize whatever assets they may or may not have.

Personally I will be giving it a miss.