Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2mins to learn more.

A record to be proud of - 100%+ recovery on defaulted loans

Remember that your capital is at risk with no FSCS protection. Past performance is not a guarantee of future returns and we cannot guarantee that the security on the loan will cover full capital and interest.

asset loans

Performance Summary (as of 25 Jul 2025)

  • 8542 loans with a cumulative loan amount of £65.2 million have been repaid or renewed.
  • Another 798 loans with a cumulative loan amount of £4.9 million have defaulted. This equates to a default rate of 8.1% by number and 6.6% by value.
  • Of these defaulted loans, recovery has been completed on 735 loans with a recovery rate of approximately 116.3% of net amount due to lenders.
  • Many more loans, although not defaulted, have been repaid through the sale of assets under the instruction of the borrower. For example, loans made as pre-auction advance have been repaid from auction proceeds and some high-value loans have been repaid through organised sales to dealers.
  • Please find our annual outcomes statement here.
lowest cost

Performance Tables (as of 25 Jul 2025)

For explanation of the loan types see further below.


by number Active and performing Repaid or Renewed Defaulted and recovered Defaulted and awaiting recovery Default rate (by %)
Consumers Loans against Gold 300 2945 182 5 5.4%
Consumers Loans against Non-Gold 217 5146 516 22 9.1%
HNW and Business Loans 20 451 37 36 13.4%
Total 537 8542 735 63 8.1%

by value (£) Active and performing Repaid or Renewed Defaulted and recovered Defaulted and awaiting recovery Default rate (by %)
Consumers Loans against Gold 1,373,936 10,471,893 763,334 25,705 6.2%
Consumers Loans against Non-Gold 1,162,722 29,292,680 2,392,915 243,512 8.0%
HNW and Business Loans 1,258,768 25,442,139 1,120,031 342,556 5.2%
Total 3,795,426 65,206,711 4,276,281 611,772 6.6%
Default and recovery statistics
by number All recovered Full recovery Interest shortfall only Principal shortfall
Consumers Loans against Gold 182 172 6 4
Consumers Loans against Non-Gold 516 401 45 70

by value (£) Net amount due to lenders1 Net sale proceeds received Gross interest shortfall Gross principal shortfall 2 Recovery rate (%)
Consumers Loans against Gold 753,438 919,931 1,456 246 122.1%
Consumers Loans against Non-Gold 2,632,811 3,015,932 126,246 52,021 114.6%
Total 3,386,249 3,935,863 127,702 52,267 116.2%

1. Net of any payments made by the borrower.

2. Repaid by platform - so zero net loss to investors.

Loan classifications
  • Consumer loans made against gold

    These are the easiest to value and dispose in default. They are also the easiest for risk management purposes as the value of the underlying collateral can be hedged.
  • Consumer loans against non-gold assets

    These loans are typically lower value and risk on these loans is managed through a combination of diversification and careful underwriting.
  • Loans made to business and high net worth customers

    These are typically higher-value loans and are carefully underwritten, with additional due-diligence conducted on value and ownership of assets, as well as full recourse to the borrower.