Blog

It’s our Birthday!

 

Today is Wellesley & Co.’s First Birthday! The initial year of trading saw rapid developments throughout the company and has allowed the business to hit targets and milestones monthly.

Wellesley & Co. has been a Peer-to-Peer platform that has seen great growth within it’s first year. The company funded the largest loan in P2P history in April worth £8.3m, this was shortly beaten by Wellesley once again, to fund an impressive £10.8m loan which was secured against the historic mansion Burwalls. Burwalls is situated next to the iconic Clifton Suspension Bridge and the Avon Gorge in Bristol.

In September, Wellesley & Co. won The Fastest Growing P2P Platform at the AltFi Awards, this award reflected the receptiveness of the industry to Wellesley and their unique business model.  Furthermore, Wellesley also hit £100m worth of loans funded within their first year! This landmark was reached in October and illustrated that lender’s funds were being lent out to borrowers proportionately. With this evident rapid growth, Wellesley were required to expand their employee size two fold and are in the process of recruiting further.

The future of Wellesley & Co. is an exciting landscape, with regulatory changes including the consultation on ISA inclusion for Peer-to-Peer lending, all aimed to boost the availability of alternative finance to borrowers and lenders alike, the sector is diversifying rapidly. Wellesley & Co. feel they are at the epicentre of this growth and are on an upward trajectory to become a large market share. The company look forward to another successful year!

Bear in mind

Wellesley Property Bond

  • The Wellesley Property Bond has a fixed rate and duration.
  • The Wellesley Property Bond is an ISA eligible investment, allowing you to earn tax free interest on your investment. Please note, tax allowances and the tax efficient benefit of ISAs could change in the future.

Your capital is at risk and interest payments are not guaranteed. Investment in any Wellesley Property Bonds are not covered by the Financial Services Compensation Scheme (FSCS). In the event of a loan default or if Wellesley Secured Finance Plc becomes insolvent, you may lose some or all of your investment, including interest payments due. If you are in any doubt about making an investment or do not fully understand the risks, you are strongly recommended to consult an independent professional financial adviser before you subscribe.

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 Secured Finance Plc was established as a special purpose vehicle for the sole purpose of issuing asset backed securities and is not part of Wellesley Group.

The information contained in this website has been approved as a financial promotion for UK publication by Wellesley & Co Limited (FRN 631197) who is authorised and regulated by the Financial Conduct Authority (FCA). Wellesley Property Bonds are issued by Wellesley Secured Finance Plc (the Issuer) and is not authorised or regulated by the FCA.

Wellesley & Co Limited and Wellesley Finance Plc are registered in England and Wales and their registered office and trading address is at St Albans House, 57/59 Haymarket, London SW1Y 4QX. The registered address for Wellesley Secured Finance Plc is at 1 Bartholomew Lane, London, EC2N 2AX.

 

Require further information?
Call our customer service team on 0800 888 6001 or e-mail us on [email protected]