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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 4 Jun 2023)

  • 6420 loans with a cumulative loan amount of £46.8 million have been repaid or renewed.
  • Another 589 loans with a cumulative loan amount of £2.5 million have defaulted. This equates to a default rate of 7.8% by number and 4.4% by value.
  • Of these defaulted loans, recovery has been completed on 532 loans with a recovery rate of approximately 127.5% 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.
lowest cost

Performance Tables (as of 4 Jun 2023)

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 203 1994 153 3 6.6%
Consumers Loans against Non-Gold 310 4098 376 36 8.5%
HNW and Business Loans 67 328 3 18 5.0%
Total 580 6420 532 57 7.8%

by value (£) Active and performing Repaid or Renewed Defaulted and recovered Defaulted and awaiting recovery Default rate (by %)
Consumers Loans against Gold 786,655 6,889,045 700,602 24,006 8.6%
Consumers Loans against Non-Gold 2,406,081 22,787,272 1,147,438 430,413 5.9%
HNW and Business Loans 3,371,293 17,105,790 34,542 117,370 0.7%
Total 6,564,029 46,782,107 1,882,583 571,789 4.4%
Default and recovery statistics
by number All recovered Full recovery Interest shortfall only Principal shortfall
Consumers Loans against Gold 153 146 4 3
Consumers Loans against Non-Gold 376 304 19 53

by value (£) Net amount due to lenders1 Net sale proceeds received Gross interest shortfall Gross principal shortfall 2 Recovery rate (%)
Consumers Loans against Gold 687,134 837,030 423 29 121.8%
Consumers Loans against Non-Gold 1,227,201 1,604,347 19,800 30,013 130.7%
Total 1,914,335 2,441,377 20,223 30,042 127.5%

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.