Important Update

FundingSecure Limited ("the Company")

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.


Since our last update in December 2021 regarding the freezing of the e-wallet account, discussions have continued with the creditor claimant’s solicitors. It is likely that the creditor claimant will now issue proceedings to seek to recover the monies held in the e-wallet account, which it claims are subject to a trust in its favour. As the monies in the e-wallet account are not assets of the Company, the Joint Administrators will take a neutral position in any proceedings. Discussions are ongoing as to how to best protect the interests of affected investors, in particular allowing them an opportunity to be joined to any proceedings, if they so wish after taking legal advice.


Further to our previous announcements regarding the potential Quistclose Trust claim, we are now able to provide further details of the proceedings which are to be brought against FundingSecure Limited (in Administration). As per our previous announcement, the Joint Administrators will take a neutral position in any proceedings. The claimant is JC Starr Holdings Ltd and the claim concerns the payment of £500,000, which was paid into FundingSecure Limited’s client account in April 2019 pursuant to a written agreement between those parties dated 12 April 2019 and headed "Underwriting Agreement". JC Starr Holdings Ltd claims that the monies were subject to a Quistclose Trust in its favour. As part of the proceedings, those Investors who have balances in the e-wallet account are being given the opportunity to be joined to any proceedings, if they so wish after taking legal advice. Those Investors who believe they have an interest in any claim should email stating their full name, Username and the current balance within their e-wallet account by 25 July 2022. Boodle Hatfield LLP, the solicitors for JC Starr Holdings Ltd, will then provide such Investors with draft Particulars of Claim as soon as possible and no later than 8 August 2022, whereupon the Investors will be able to obtain legal advice and then decide whether or not they wish to participate in proceedings. Those Investors who do wish to participate in proceedings must confirm their intention to do so by 19 September 2022. Boodle Hatfield have advised that should any Investor contact them after 25 July 2022 then those Investors will still be provided with the draft particulars but will only have until 19 September 2022 to confirm their intention to participate in proceedings.


The Joint Administrators have received a significant number of requests asking what the e-wallet balance is. This is the amount of your current available funds (plus any pending withdrawals). These sums can be found in the “Current Overview” under “Account Information”. Please note that the previous update was as agreed with Boodle Hatfield LLP, the solicitors for JC Starr Holdings Ltd. In the first instance, you should request a copy of the draft Particulars of Claim, which will give you more information on the claim. You then should obtain legal advice on the claim. If you or your adviser then still have any queries, we will endeavour to deal with them. It is recommended that all Investors (irrespective of their current balance) request the Particulars of Claim and review the same with their legal advisors in order to fully understand the nature and application of the Claim and whether or not this is limited to any particular sum.


We refer you to previous updates on the claim by JC Starr Holdings Ltd (JC Starr) regarding the payment of £500,000 (the Payment) paid into the e-wallet/client account (the Account) in April 2019. Following the taking of legal advice, consultation with the Creditors’ Committee and the development on the Platform of a mechanism to allow funds to move whilst preserving the frozen account, we have now started paying monies due to investors on those loans made by FundingSecure prior to April 2019. We are now investigating whether payments can be made on those loans made after April 2019; that is after the Payment was paid into the Account. However, based on legal advice to date, payments on these loans will be more problematical as the loans were made after the Payment was paid into the Account. We continue to keep the matter under review and we will update you further, but while JC Starr’s claim is extant and unresolved we need to be cautious regarding any payments and follow legal advice.


No credit checks
No monthly instalments
No early repayment penalties
Representative APR: 46.5%

We offer quick and easy loans against your assets

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.

How it works

Step 1

call us

Contact us with your appraisal of the Property Development or Asset

Step 2

due diligence

We carry out our due diligence of your Property Development or Asset then contact you with a customised solution to fund your project

Step 3


We appoint a RICS Valuer if related to property or carry out a valuation from our approved panel of Valuers

Step 4

legal charge

Subject to a satisfactory Valuation we will instruct Solicitors to prepare the legal charge

Step 5


We feature your project on our platform, once the target has been reached, we will release the funds to you

What we lend against

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:

Jewellery, gold and precious stones

We lend against anything from a simple diamond tennis bracelet through to a complete jewellery collection

read more

Property loans

If you're looking to develop land or even take a holiday of a lifetime, we can lend money against a wide range of properties

read more

Luxury watches

From Rolex to Breitling, lots of designer watches can be loaned against

read more

Classic and luxury cars

We have lent against custom hotrods, bmws and land rovers. Most modern and classic cars are considered

read more

Fine art

From Banksy prints to art by the Old Masters, we have lent against it

read more


Canal barges, Schooners or even motors boats are possible to loan against

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Medals, stamp collections, old comic books, autographs, model trains and even vintage wines can be used as collateral.

read more

Other items

Anything with a value can be loaned against, including fine wines and comic books

read more

No credit checks

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.

A simple and quick personal approach

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.

Frequently asked questions

What is Peer to Peer Lending?

Peer-to-Peer Lending (P2P) is a concept which allows investors to lend directly to borrowers, bypassing banks to reduce the cost of borrowing and provide investors with a better return. FundingSecure is the only peer-to-peer platform specialising in lending against the personal assets of the borrower.

Fill in the online form below or call us on 0118 324 3190

At the end of the loan term, the loan can be renewed by paying the interest owed.

No. Because our loans are secured against an asset, your credit history isn't important to us.

We can issue loans against any item of value, the most popular being jewellery, watches, vehicles and fine arts. We do not accept electrical equipment.

Funds are generally transferred within 24 hours of us receiving the asset. Large loans (above £100,000) and unusual assets may take longer.

We have a range of options to suit your needs. Please click on the link to be directed to our sending in your assets page. If, after sending your asset, you decide not to pursue with the loan, we will not charge you for the cost. If you do decide to take a loan, the logistics cost will be payable at the end of the loan term.

All small items such as jewellery and watches are stored in our own vault at a secure location, unless otherwise stated. Vehicles and art are stored at specialist 3rd party storage units. We insure all goods that we hold on your behalf.

All loan agreements are open for 6 months and the loan is repayable in full at the end of the loan term. However, you can repay the loan at any point during the 6 month period, subject to a minimum of 30 days interest and charges. Interest accrues by the day so you only pay for the days you use. Interest is paid at the end of the loan term.

Loan calculator

Please drag the slider below to select the amount you wish to borrow:

Amount of Credit:
Loan Term:
Monthly Interest Rate:
Repayment Amount:


(For larger loans or loans secured against property please contact us for rates)

Representative example

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%.

Read about our interest rates

Apply now

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

Contact Us

0118 324 3190 9am - 5pm


Address: FundingSecure, Unit 8 Stokenchurch Business Park, Ibstone Road, Stokenchurch, Buckinghamshire, HP14 3FE

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Company Number: 8120200 / Authorised and Regulated by the Financial Conduct Authority
(Reference number 698305) - (In Administration)

website designed by The Wonky Agency
© Copyright 2024 FundingSecure

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.