Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson (‘the Administrators’) of CG & Co (‘CG’) were appointed Administrators of the Company on 23rd October 2019. The administrators are working closely with the FCA who consented to their appointment over the Companies.
The Company was placed into administration on 23rd October 2019 by a resolution of the board of directors of the Company. As a result of the administration no legal proceedings may be commenced or continued with against the Company without the consent of the Administrators or leave of the Court. The Company is now protected from any third party actions by virtue of a statutory moratorium.
The administrators have set up a dedicated email address for creditors to contact the administration team.
We will only be able to respond to urgent queries. However, key updates on loans will be ongoing and accessable on the investor platform.
Due to the early stages of the administrations, the information we have is limited, we therefore request that creditors continue to consult the website and historic investor updates in the first instance. We will continue to update investors and creditors as additional information becomes available so please watch this website for updates.
The business and affairs of the Company are now controlled by the Administrators who act as agents of the Company and act without personal liability.
Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson are licensed as insolvency practitioners in the United Kingdom by the Institute of Chartered Accountants In England and Wales and the Insolvency Practitioners Association.
The administrators have received a claim from a creditor relating to monies paid into the Company’s client account prior to the administration, including an assertion that the said monies are subject to what is termed a “Quistclose Trust”. The administrators are currently investigating this claim and also taking legal advice on the same. However, pending proper investigation of the claim and its resolution, the administrators have no alternative but to suspend further payments to the investors by way of distribution from the client account/platform until further notice.
Last updated: 17/05/2021
It doesn't matter to us what you need the money for, or even what your credit history is like, we offer quick and easy loans with your assets or property held as security, similar to a high-street pawn broker.
Contact us with your appraisal of the Property Development or Asset
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We offer loans against a wide range of assets. Providing there is a value above the loan amount, we will consider it. Some of the more common items we offer loans against are listed below:
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Because we only lend money against assets, we aren't interested in credit checks or what you need the money for. Borrowing money from us won't impact your credit history either as we are only interested in the assets that you want to loan against.
Providing the asset that you wish to loan against is legally owned by you, has a value above your loan amount (plus interest) and isn't electronic, we will always try and help you out.
On first contact with us you will be given your own personal account manager who will help guide you through the whole process and answer any questions that you may have. Although your assets are at risk if you fail to pay at the end of your loan we will generally try and help you out, wherever possible, to ensure that doesn't happen.
At any point during the loan you can request your account balance and we will not penalise you if you decide to repay early.
(For larger loans or loans secured against property please contact us for rates)
Amount of credit: £10,100; Loan term: 6 months; Monthly interest rate (fixed): 2.73%; Total interest: £1,654; Total amount repayable: £11,754
Representative APR 35.4%.
If you own something that is worth more than you want to borrow, there is a good chance that we can lend you money. We offer loans against lots of different things so get in touch with us today. To get a free loan quote call or apply online now
Company Number: 8120200 / Authorised and Regulated by the Financial Conduct Authority
(Reference number 698305) - (In Administration)
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Please note: No investment is without risk. FundingSecure manages the risk by ensuring all assets are professionally valued and restricting the amount lent to a typical maximum of 70% of the value (LTV). Despite these measures, your capital remains at risk.