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 27 Sep 2022)

  • 5736 loans with a cumulative loan amount of £41.1 million have been repaid or renewed.
  • Another 530 loans with a cumulative loan amount of £2.1 million have defaulted. This equates to a default rate of 7.8% by number and 4.3% by value.
  • Of these defaulted loans, recovery has been completed on 449 loans with a recovery rate of approximately 130.8% 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 27 Sep 2022)

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 182 1760 130 4 6.5%
Consumers Loans against Non-Gold 320 3714 319 49 8.4%
HNW and Business Loans 35 262 - 28 8.6%
Total 539 5857 449 81 7.7%

by value (£) Active and performing Repaid or Renewed Defaulted and recovered Defaulted and awaiting recovery Default rate (by %)
Consumers Loans against Gold 709,236 6,005,325 608,488 5,600 8.4%
Consumers Loans against Non-Gold 2,619,981 19,910,446 850,835 347,417 5.0%
HNW and Business Loans 1,479,712 15,145,598 - 243,872 1.4%
Total 5,205,235 46,817,832 1,459,323 596,888 3.8%
Default and recovery statistics
by number All recovered Full recovery Interest shortfall only Principal shortfall
Consumers Loans against Gold 130 123 4 3
Consumers Loans against Non-Gold 319 263 14 42

by value (£) Net amount due to lenders1 Net sale proceeds received Gross interest shortfall Gross principal shortfall 2 Recovery rate (%)
Consumers Loans against Gold 591,119 713,238 423 29 120.7%
Consumers Loans against Non-Gold 909,282 1,249,213 7,979 12,949 137.4%
Total 1,500,401 1,962,450 8,402 12,979 130.8%

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. From a risk perspective we consider these loans to be lower risk than equivalent consumer loans, as all such loans also benefit from full recourse to the borrower as well as regular monthly interest payments.