London Capital

bail-in

dont_use_vistaprint wrote: »

As an investor you would have a charge over the assets by way of a legal vehicle known as a debenture. This means that all investors will have a charge over the secured assets which include the cash reserves in London Capital & Finance Plc and the security taken from borrowing companies.

Check accounts at Companies House re LC&F assets both cash and property. More specifically. Their less than 2 million property assets are mortgaged so no asset value their either for bondholders in case of liquidation of the company, where the bank would have prior claim to the mortgaged property assets. LC&F cash reserves are nearly matched by their liabilities, so again if the company goes under highly unlikely anything left after the liquidator takes its costs which often coincidently match whatever value is left. In this type of highly risky unregulated, unprotected investment failing, usually a 100% capital loss. History shows would be very difficult and costly to recover asset value from SME loan borrowers from LC&F SME loans via liquidation of assets. As for the millions in sme B2B lending secured assets, there is no commercial due diligence that LC&F will provide on request to prove that the commercial lending business actually exists.

Have u asked how the only 2 employees and one CEO could do all the huge work involved in the secured commercial lending business? All the bond financial team are contracted employees from Surge Financial Ltd and know nothing about the commercial lending business of LC&F. Post here their answer! If you are lucky to get one. The LC&F website says very little about the main business of LC&F ie. commercial lending.

The answer given, incorrectly, by Surge and LC&F head office is data protection prevents disclosure of commercial borrowers details, eg corporate names, but the ICO confirms the DPA 1998 does not apply to B2B commercial lending, only to living individual personal data held by companies. However, such personal data is not being asked for in the request for evidence, sme names etc, of the commercial lending business. Therefore, commercial due diligence re the commercial lending borrowers should be made available on their websites for potential and existing qualifying investors so proof of business can be discerned.

London Capital and Finance Investment Bond

bowlhead99

bail-in wrote: »

And as for the millions in sme B2B lending secured assets, there is no commercial due diligence that LC&F will provide on request to prove that the commercial lending business actually exists.

They don't need to provide it if people are foolish enough to lend them money to support those [real or fictitious] operations without doing any due diligence.

The answer given, incorrectly, by Surge and LC&F head office is data protection prevents disclosure, but the ICO confirms the DPA 1998 does not apply to B2B commercial lending, only to living individual personal data held by companies. However, such personal data is not being asked for in the request for evidence, sme names etc, of the commercial lending business.

So it is not a data protection law as such, just civil law where they have contractually agreed with borrowers to preserve confidentiality as borrowers don't want their name, loan amounts and terms to get out into the public domain which could prejudice their own legitimate business interests. That is still a form of 'data protection' to legallly protect data, just not 'Data Protection Act / GDPR' stuff.

Therefore, commercial due diligence re the commercial lending borrowers should be made available on their websites for potential and existing qualifying investors so proof of business can be discerned.

You might think it should be but it doesn't need to be if people are willing to lend without it. According to your lengthy 'review' previously posted on this site, they have indeed raised funds. So, one could contend that as much information as necessary is being made available.

Still, I wouldn't invest in it, just like I wouldn't visit your no doubt highly professional-looking website

steampowered

dont_use_vistaprint wrote: »

Because S&S are linked to markets, and markets a little flat last few months. It looks like P2P but higher interest and less info on the companies borrowing

The average dividend yield of the FTSE is about 4%. So you would make a 4% return even if the markets did stay flat (unlikely).

Reaper

bail-in wrote: »

For an indepth review of the London Capital and Finance mini-bond visit
https://anonymouslcafgmail.weebly.com/

I'm all in favour of you having a web site where you can combine all your various posts into a single comprehensive review, as the length of them makes it a more suitable place to publish than a forum.

However if I can split hairs the start of it says

NOTE: THIS REVIEW IS AN ORIGINAL DOCUMENT AUTHORED AND POSTED BY BAIL-IN AND MSE HAVE GIVEN PERMISSION T0 POST

I doubt very much MSE have given you express permission to copy text from their forum to an independent web site.

As you are the author I don't for a moment think they would refuse it but you should not make a claim you can't back up. I realise you have just done a blind copy/paste but you have to be careful not to make a misleading claim in a review about a firm misleading people!

bail-in

Point taken, but the Web tools interface does not work well with my hardware and software. Once set up will not allow me re android os tablet to edit and app not supported. By the way I did not copy and paste from my MSE posts. I used my original. As an update, I have managed to delete the MSE headers using the web editing tool.