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.


Earn up to 13% pa*
Investments secured on
assets or property
Invest from only £25
IFISA available
30-Day access account

Investing with us

FundingSecure is a Peer to Peer lending platform managed by a team of highly experienced Business Professionals with extensive knowledge of Finance and Alternative Investments especially Property Development. Please note, your capital is at risk.

We connect Investors (Lenders) who are looking for higher returns in this low interest environment and Borrowers with assets who face bank’s lending restrictions with slow decision processes.

We specialise in providing asset backed finance through our Peer to Peer lending platform.

FundingSecure allows Investors (Lenders) to pool together their funds in assets and projects such as property development or property purchase.

We provide a quick, simple and secure solution which can provide up to 16% pa gross return before tax, with all investments fully assessed by our experienced team before being made available for investment.

Our Loan to Value (the amount loaned versus the value of the property) will never exceed 75% therefore giving the Investor a 25% cushion in the event of a downturn in the market. All valuations are assessed by our experienced team and an Independent Chartered Surveyor.

The investments (property loans or pledged asset pawn loans) that you make through our platform are not protected by the FSCS.

* Historic interest returns are not an indicator of future performance.

How it works

Step 1


Register as a client

Step 2


Fund your account

Step 3


Search and select a Property Development or Asset

Step 4


Decide on the amount to invest

Step 5


Investment documentation is issued

Step 6


Monitor your Investment

How it works

All loans are posted on our platform for funding with details of the security. Interest rates vary, depending on the risk of each loan. Most offer 12-13% per annum. However, those with a low risk may pay as little as 10% whereas we may go up to 16% for riskier or more complex loans. Bonus rates are often available for larger single investments in a loan (usually in excess of £10,000).

The loan period is always 6 months. However, the borrower may repay early - in which case investors are paid up to the date of repayment. Once the loan is repaid, interest and capital are returned to the investor’s account, and can then be withdrawn or reinvested. If the borrower decides to renew by paying interest, investors can choose to rollover their investment into the renewal.

Is it safe?

No investment is without risk. However, FundingSecure manages this by restricting the loan to value (LTV) to typically 70%. We do not use the borrowers' credit scores as part of our lending criteria, as we rely on the underlying asset as security. We do, however, perform background checks on our borrowers and rigorous due diligence on ownership and title. In the event of a default, for pawn loans we sell the asset at auction, and for bridging loans we appoint a receiver. Interest continues to accrue until the asset is sold.

Despite these measures, your capital does remain at risk. Also please note that your investment is not protected by the Financial Services Compensation Scheme. Investors should always review each loan carefully and decide on whether the risk vs reward proposition is acceptable to them.

30-day access account now available - FS30

Sign in and get access to our new 30 day access account and receive monthly interest payments.

Our current investment opportunities

None currently available

Please note: Your capital is at risk if a loan defaults.

Extra Opportunities

Secondary market

If you want to sell off your investment before the end of the loan term, we have a secondary market within the investors' section where our members can buy and sell investments.

Read more

Refer a friend

Once you have registered and are investing, we have bonuses available for referring other investors to the site.

Register now

The FundingSecure IFISA

The FundingSecure Innovative Finance ISA is now available and gives you tax-free interest.

More information

Loan statistics

Total new loans in April


Total amount Lent to Date


Capital lost through defaults*

£1,503,336 (0.69%)

Click here, to view more loan statistics.

The FundingSecure IFISA is now available

The FundingSecure IFISA is open to all of our members that are uk tax payers.

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 removing the banks and other lenders, to reduce cost of borrowing. FundingSecure is the only P2P platform that specialises in loans secured on the personal assets of the borrower.

The minimum investment in a loan is £25. Generally we restrict the amount an investor can invest in a loan so as to ensure the loan has been funded by a pool of people and not just one or two people. If the loan is not attracting sufficient funds, we will lift that restriction. There is no maximum on the total amount invested on the platform.

The investors interest rate is set by the borrower. However, for our loans to be filled, we recommend an interest rate of 12-13%. It's possible that the borrower will choose to raise the interest rate - if, for example, the loan is insufficiently funded. In this case, the higher interest rate applies to all who have invested in the loan. A borrower cannot reduce the interest rate.

Loans are normally activated within 2 days of appearing on our website. Large loans (in excess of £100,000) can take longer.

All of our loans are for 6 months with interest rolled up until the end of the term. Your investments will show the accrued interest during the term of the loan. Once the loan has completed (repaid or renewed) the accrued interest will be credited to your account. If the loan is defaulted you will receive funds once the asset has been disposed of.

We pre-announce all loans by email. This gives you time to make a transfer to your account before the loan is listed. Transfers are credited the same day and always before a loan is posted.

Loans are set for a term of 6 months but can be repaid at any time. A minimum interest of 30 days is charged on each loan. Loans can be renewed on payment of accumulated interest. Investors who have invested in a loan that is being renewed can opt to re-invest in a renewed loan. Interest is collected from the borrower and paid to investors at the end of the loan term.

FundingSecure earns revenue from the monthly administration fee it applies to borrowers' loans. We do not take commission from the investors' interest.

When you transfer your savings to us, we hold your funds in a client account at Barclays Bank. The account is separated from the operational bank account of FundingSecure and is not used to finance our business. Un-invested money held in your account can be withdrawn instantly. Once a loan that you have invested in is activated, then the funds are removed from the client account and sent to the borrower. The borrower repays the loan with interest into the same account. Interest is not paid to you on uninvested funds held in your account.

In the event of non-repayment (default) by the borrower, FundingSecure will auction the asset at the earliest opportunity. Proceeds from the sale will be used to settle investors' capital, investors' interest and then FundingSecure's fees (in that order). Any surplus is returned to the borrower. Interest and fees continue to accrue up until the asset is sold. In the event that the proceeds from the sale of the asset are insufficient to repay capital, then your capital will be lost.

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.

FundingSecure is fully authorised and regulated by the FCA. Our reference number is 698305.

If FundingSecure enters into financial difficulties, it will initiate a wind-down plan whereby no new loans or investors would be taken on and the loan book would be run-down. We have worked with the FCA to develop this plan, as well as the financial indicators that would cause us to initiate the plan. This is all designed to ensure a smooth and timely wind-down of the business if required.

In the unlikely event that FundingSecure enters administration as a result of extreme financial circumstances, capital and accrued interest on all loans would be “ring-fenced” and, therefore, cannot be used by the administrators to settle any debts due by FundingSecure. The administrators would have to rely on the administration fees coming at the end of the loan period to settle all debts, continuing to repay capital and interest to investors in accordance with the terms and conditions.

Unfortunately your investment is not covered by the Financial Services Compensation Scheme.

Any interest and Capital Gains you receive on your investments are not taxed. It is your responsibility to declare any earnings made from interest and Capital Gains to HMRC on a self-assessment tax return. When you are logged in, this can be found by clicking on “Tax Statement” and then selecting the relevant tax year. You can download the selected tax statement from here.

If you have an IFISA account, then any interest earned is tax-free and will not show on your tax statement on your main account. For more information regarding IFISAs, please click here.

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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)

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© 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.