Downing Crowd - p2p bonds (IFISA eligible)

CeriWilliams

dunstonh wrote: »

100% loss of capital potential.
No FSCS protection.
Only formed in 2011 and never been through a recession or depression.
Illiquid assets.

Hi there,

I am a representative from Downing and read your post with interest and felt it was a good opportunity to expand upon some of the points you make.

These are not Peer to Peer investments, but are unlisted corporate bonds.

100% loss of capital potential – this is true which is why we say that your capital is at risk in every investment we produce. We seek to price that risk and offer risk adjusted returns to our investors, although these returns cannot be guaranteed. Our bonds are typically secured against existing assets and secured on a first charge basis, which means in the case of a default, investors will be paid out first. Of course, past performance should not be relied upon as a guarantee or reliable indicator of future performance however.

No FSCS protection – The Financial Services Compensation Scheme (FSCS) deposit protection scheme does not apply to Downing Crowd Bonds. It does however, apply to funds held in the Client Money Account prior to investment in Downing Bonds. The funds in this account are held by Thompson Taraz Depositary Limited at the Royal Bank of Scotland plc.

Only formed in 2011 and never been through a recession or depression – Downing Crowd is a division of Downing LLP, which was formed in 1986 and has raised over £1.7 billion from over 35,000 investors into businesses in the UK. Downing Crowd was formed in 2016, and is supported by the same management and investment teams and a number of the bonds are linked to companies other Downing managed funds have invested in.

Illiquid assets – it is true that we expect investors to stay the course as the bonds are non-readily realisable securities (NRRS). However, we seek to offer different products over different terms in an aim to suit investors’ varying preferences.

Please get in touch at crowdfunding@downing.co.uk or by phone on 020 3954 9891.

eskbanker

dunstonh wrote: »

How safe and reliable it is?

100% loss of capital potential.
this is true....

No FSCS protection.
The Financial Services Compensation Scheme (FSCS) deposit protection scheme does not apply to Downing Crowd Bonds....

Only formed in 2011 and never been through a recession or depression.
....Downing Crowd was formed in 2016....

Illiquid assets.
it is true that we expect investors to stay the course as the bonds are non-readily realisable securities (NRRS)....

Perhaps worth capturing (above) the essence of the comments repeatedly made by a poster on here who claims to be "a representative from Downing" but hasn't had this verified by MSE (as required to post as a company representative) so the latest attempt to buck the system will no doubt be deleted again.

Alexland

I suspect the above post may be valid but it just goes to show how good these bond companies are at reassuring retail customers into taking extremely high risks with their money.

It's really sad to see people who come to this forum having lost most of their life savings to high risk investments.

Alex