EQUFUND

Malthusian

8vihar said:
I've met the staff and like their ethos. I hope things work out for them. 

I hope you would still be happy with their ethos if you lose 100% of your remaining investment, which is always a possibility with an ultra-high-risk unregulated investment like this.

On Companies House financial statements have been submitted at the end of Dec '23 OK but for Equfund SPV3 there are 29 charge codes outstanding. What does this mean?

The company borrows money which is then "secured" against properties within the company; but note that all "secure" means here is that if the company defaults on its loan and sells the property, the secured creditors are first in line for whatever the sale proceeds are. There is no guarantee that the net sale proceeds of the property will be enough to pay all investors back.  

In terms of how likely you are to get your money back, it is impossible to say. It appears that there are so many charges because each individual home within the company has separate charges over it. 

The main thing that can be gleaned from Companies House is that the company had negative net assets (minus £4,335), meaning that from an accounting perspective, the company's assets are not worth enough to repay all borrowers. However the company exploits small company exemptions to avoid filing full accounts including a profit and loss account, and for the same reason the accounts have not been signed off by an auditor, so if the question is "what does this tell us about how likely the company is to repay its loans", the answer is "virtually nothing". 

8vihar

Monthly interest on our original investment has now stopped after 9 years. No response from the company, from the website or from their accountants.

lajalollipops

Similar to 8vihar. We have had regular payments since 2018, which have now stopped.  Update on website promised further info by end of November but nothing so far