Lending Statistics

So that you can monitor the performance of our
lending, we have provided a selection of information below.

The Wellesley Group has made 261 loans at a value of £494.51 million.

What is our strategy?

Wellesley Group provides finance to experienced property developers, specialising in development funding. Our strategy is to lend to borrowers whose loans are secured on mid-priced property throughout the UK, on loans typically between £2million and £20million. All loan applications are rigorously evaluated by our Credit Committee, and we place our own funds into every loan that we make, providing additional confidence to our investors. We use the interest paid by those  borrowers to pay competitive rates to our investors.

Current Loan Book Historic Loan Book
Number of loans 54 261
Loan facilities (£ million) £279.48 £494.51
Value of security (£ million) £463.82
Weighted average
loan to value
65.8%

† Volume weighted calculation based on the loan-to-value (LTV) ratio of bridging loans and the loan-to-gross development value (LTGDV) of development loans.
Figures correct as of 31.07.2017.

Geographical Breakdown of Loan Book

Top 5 areas of Loan Book Breakdown

  • 18.47%

    London

  • 14.11%

    South East

  • 20.25%

    South West

  • 16.65%

    East

  • 18.08%

    North West

Figures correct as of 31.05.2017.

Average Loan Size

£3.96 Million

£ per Sq ft

£532

Average Unit Value

£468,750

Provisioning

All loan provisioning is made by Wellesley Finance Plc and represents a provision of equity capital which is used to protect investors in the event of a loan loss occurring. All provisions are performed on a loan-by-loan basis and their use as protection to investors is evaluated on a discretionary basis.

£ million
Total provisions
recognised to date
£3.97
Total provisions charged
to Wellesley finance to date
£3.97
Total losses realised to date £2.12
Remaining provisioning
balance
£1.84

Figures as at 31.07.2017.
All provisions are made by Wellesley Finance Plc on a discretionary basis and do not represent any form of guarantee to investors.

Introduction to Loan Performance

Loan Performance

  • 63.65%

    Loans Performing
    Within Terms

  • 11.67%

    Performing Outside
    Original Approved Terms

  • 19.53%

    Non Performing -
    Full Recovery Forecast

  • 5.16%

    Non Performing -
    Loss Forecast

Default Statistics

Cumulative loan losses provided for by percentage of total loan facilities to date.

Actual
2016 (Year end) 1.0%
2015 (Year end) 1.2%

Figures correct as at 31.07.2017.

Investment through Wellesley involves lending to individuals or companies and therefore your capital is at risk and interest payments are not guaranteed if the borrower defaults. It is important to remember that historic loan default rates are not necessarily indicative of future default rates.

Wellesley Secured Finance Plc (the Issuer) was established as a special purpose vehicle for the sole purpose of issuing asset backed securities. Wellesley Secured Finance Plc is not part of Wellesley Group Limited. Wellesley Secured Finance Plcis not authorised or regulated by the Financial Conduct Authority. Wellesley Secured Finance Plc are not covered by the Financial Services Compensation Scheme.

The Wellesley Mini-Bonds are issued by Wellesley Finance Plc, a company incorporated in England and Wales with its registered office at 6th Floor, St Albans House, 57/59 Haymarket, London SW1Y 4QX. The information contained in this webpage which relates to Wellesley Mini-Bonds has been approved as a financial promotion for UK publication by BDO LLP, 55 Baker Street, London W1U 7EU (FRN: 229378) which is authorised by the Financial Conduct Authority to conduct investment business.

The Wellesley Property Bond is issued by Wellesley Secured Finance Plc (10565816) whose registered office is at 35 Great St. Helen’s, London EC3A 6AP. The information contained in this webpage which relates to the Wellesley Property Bond financial promotion has been approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by The Share Centre Limited. The Share Centre Limited is authorised and regulated by the Financial Conduct Authority and is entered in the register under 146768.

Wellesley is the singular name for the following collective of companies, Wellesley Group Limited (09811856), Wellesley & Co Limited (07981279) and Wellesley Finance Plc (08331511). Wellesley & Co Limited is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 655503). Wellesley & Co Limited is not covered by the Financial Services Compensation Scheme. Wellesley Finance Plc is not authorised or regulated by the Financial Conduct Authority. Wellesley Finance Plc and Wellesley Secured Finance Plc are not covered by the Financial Services Compensation Scheme.

Wellesley & Co Limited and Wellesley Finance Plc are registered in England and Wales and their registered office is at St Albans House, 57/59 Haymarket, London SW1Y 4QX. The trading address for both Wellesley & Co Limited and Wellesley Finance Plc is St Albans House, 57/59 Haymarket, London, SW1Y 4QX. The registered address for Wellesley Secured Finance Plc is at 35 Great St. Helen’s, London EC3A 6AP.