London Capital and Finance

jimjames

masonic wrote: »

As I mentioned previously, it's early days yet to judge whether or not there is a case for redress. We do not yet know all of the facts. But if LCF turns out to be an outright scam perpetrated by an Authorised firm (even if this part of their business was unregulated), and the FCA was tipped off to that effect and didn't investigate, then it bears a striking similarity.

It's certainly frustrating. The company that has replaced LCF in the promotion by a website supposedly showing best ISA rates is now Blackmore Bonds which I reported to FCA a year ago. Same process as LCF where they are targeting people who are not high net worth via Facebook adverts yet Blackmore have a very suspect history of losing investors money.

AnotherJoe

Jelli wrote: »

I don't think it's possible for me and a lot of people to understand deeply how a financial company and products work before proceeding with such things

It should be very possible to understand "are you a experienced investor or high net worth individual"?

Jelli wrote: »

If all information on the website is true then I knew the risks. If not then I didn't know the risks. As far as I know they lend to small to medium companies and is protected by assets.

The "assets" its "protected by" are those owned by a company which took out the loan which if it gets into trouble will likely be close to worthless. So that "protection" is likely to be illusory.

bail-in

Like a job with London Capital and Finance?

Saw today this no longer available job placed by {Text removed by MSE Forum Team} director with LCF:

https://www.totaljobs.com/job/finance-director/london-capital-and-finance-plc-job83450626

Scroll down the page to get details of the job. May be an old ad. LCF used to have their office in {Text removed by MSE Forum Team}.

More jobs at LCF search in Google:
london capital and finance jobs

Jelli, Sledger perhaps u could post a copy here of the soon to be sent communication from LCF to all bondholders re FCA action.

Sledger

Now Now Bail in you of all people should know better. That's a no brainer as the phones are going to be sooooooo busy non stop tomorrow and queues of P

---

d Off people outside their office. I have got a real headache going through Companies House maze. You have not come back on the 11.15 million riddle as post 355 and 360. and I wanted to get clarity on other issues I have come across something else irregular .which I don't really want to post here and that's why I tried to message you. When the FCA told me to go to the CAB I thought going there with a shotgun maybe a better way of getting answers..

Sledger

at least its a 800 number so you wont be paying heaps to listen to Green sleeves interrupted by how important your call is to us. Happy New Year Im off

bail-in

For newcomers and those unaware of it, the following recent thread by the OP
Matt2016
London capital and finance need some advise
28th Dec 18 at 9:52
has some useful post responses about LCF and the FCA take down of the company:

https://forums.moneysavingexpert.com/discussion/5943136/london-capital-and-finance-need-some-advise&utm_source=MSE_FS&utm_medium=Email&utm_term=25-Dec-18

bail-in

{Text removed by MSE Forum Team} is the CEO of Surge Group. Surge Financial Ltd, a Surge Group company, is the front of house contracted company responsible for the financial administration of the London Capital and Finance (LCF) mini-bond investment. As with bondholders, introducers and IFAs, LCF also refuses to provide commercial due diligence satisfaction as to the existence of the commercial lending business to Surge Financial staff and officers. In spite of that Surge Financial entered into the contract with LCF for six figure amounts. Perhaps this minor financial incentive had something to do with that decision. There may be some reputation fallout on Surge in the light of the recent FCA investigation of LCF, especially if it goes belly up.

{Text removed by MSE Forum Team}

10 Things Successful People do not do

{Text removed by MSE Forum Team} Success April 5, 2018

They do not give up.
They do not fear taking risks.
They do not waste time.
They do not avoid change.
They do not drift aimlessly without goals.
They do not feel sorry for themselves.
They do not have a sense of entitlement.
They do not listen to naysayers.
They do not think small.
They do not think about just themselves.

They do listen to people who know what they are talking about.

...Perhaps he should have also added the following:
They should perform adequate due diligence on the companies they work with!

I like this one, one of his lessons:
Where there's chaos, there's opportunity.

bail-in

Sledger wrote: »

When the FCA told me to go to the CAB I thought going there with a shotgun maybe a better way of getting answers.

If you live near, you could make an appointment to view the LCF publicly accessible company Statutory Register. As a Plc it has to be at the head office in Muppetsville (Oops! Predictive text error again.) LCF can only refuse access for very few reasons. I do not think it will contain names of company loan borrowers nor corresponding registered charge details. Probably not get access while the Fire Brigade Service is hosing the place!

Sledger

thanks Bail in you have just increased the Maze and my headache. {Text removed by MSE Forum Team} has 17 micro companies mostly set up this year with a pound so its just PAPER with Directors chums linked back to {Text removed by MSE Forum Team} and {Text removed by MSE Forum Team}.

bail-in

{Text removed by MSE Forum Team} of Surge Group states that the group companies have earned 50 million pounds since 2015 but the Surge Group Plc and Surge Financial Ltd do not appear to have any accounts lodged at Companies House. Any explanations? The Surge Group website gets 450 hits a month. Media sales advertising statistics a few years back indicate direct mail results in 1 sale in 100 hits and Website results in 1 sale in 1000 hits. Surge Financial is dealing with finance with the investment monies re LCF. I would have thought they would have needed FCA permissions, they deal with the bond applicants and payments, allocation of bonds, interest payments, and the name has "Financial" in it! The company is not registered with the FCA.