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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 Feb 2024)

  • 7161 loans with a cumulative loan amount of £54.2 million have been repaid or renewed.
  • Another 690 loans with a cumulative loan amount of £3.6 million have defaulted. This equates to a default rate of 8.3% by number and 5.8% by value.
  • Of these defaulted loans, recovery has been completed on 587 loans with a recovery rate of approximately 123.6% 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.
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Performance Tables (as of 25 Feb 2024)

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 194 2276 170 11 6.8%
Consumers Loans against Non-Gold 262 4505 410 49 8.8%
HNW and Business Loans 40 380 7 43 10.6%
Total 496 7161 587 103 8.3%

by value (£) Active and performing Repaid or Renewed Defaulted and recovered Defaulted and awaiting recovery Default rate (by %)
Consumers Loans against Gold 702,436 7,908,876 742,876 29,842 8.2%
Consumers Loans against Non-Gold 1,642,970 25,617,938 1,562,512 455,227 6.9%
HNW and Business Loans 2,276,378 20,704,969 87,431 754,783 3.5%
Total 4,621,784 54,231,783 2,392,819 1,239,852 5.8%
Default and recovery statistics
by number All recovered Full recovery Interest shortfall only Principal shortfall
Consumers Loans against Gold 170 163 4 3
Consumers Loans against Non-Gold 410 332 21 57

by value (£) Net amount due to lenders1 Net sale proceeds received Gross interest shortfall Gross principal shortfall 2 Recovery rate (%)
Consumers Loans against Gold 730,804 892,776 423 29 122.2%
Consumers Loans against Non-Gold 1,664,235 2,063,886 27,087 42,322 124.0%
Total 2,395,039 2,956,663 27,510 42,352 123.4%

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.