If you are an investor looking for a home for your capital or a business looking for a flexible funding solution of more than £1m, the team at LCF can help.
At the end of 2015, there were 5.4 million businesses in the UK. According to statistics published by the UK Government and the British Bankers Association, cumulative lending to UK businesses between July 2011 and June 2016 dropped, by £9.7 billion.
The team behind London Capital & Finance Plc created the business to help plug the significant short-fall in the availability of corporate funding for UK based small to medium sized ventures, estimated to be in the region of £22bn in 2017 by the National Audit Office.
We believe that traditional sources of investment are not able to meet this increasing demand and UK companies are either seeking alternative ways to fund their expansion plans or worse, not fundraising at all and possibly stunting their growth potential.
LCF support UK businesses by providing much-needed funding during tough economic times, whilst also providing investors with an attractive fixed rate return on their investment.
Borrowers must provide adequate security for the loans they receive and the interest received on the loans we make, is used to pay investors their market leading rate of return.
Since opening in 2012, the LCF team has grown and expanded into three office locations in the South East of England.
As of the 31st October 2017, we have an active bond investment book of £99.2m from over 4,500 customers, making us the clear leader in UK based Mini-bond Investments.
Our loan business has experienced similar growth and has an active loan book of over £99m.
We’ve enjoyed this success because we deliver a simple, transparent investment to our bondholders, and bespoke, structured, secured loan facilities to UK businesses.
In 2012 we opened and secured our consumer credit licence from the Office of Fair Trading.
By 2014, we had raised more than £2.5m which was lent to UK businesses
In 2015 we secured regulatory permissions, and became regulated by the FCA
The first round of loans were repaid, and investment funding repaid
The new online LCF fundraising channel was launched
Between 2015 to 2017 we launched 7 new corporate bonds and increased our fundraising capacity by £175m
Between 2016 & early 2017, we raised over £48m via our online portal
In 2017 we received approval for our first listed bond of £100m, which was listed on the European Wholesale Securities Market.
In March 2017 we became part of the London Financial Group of companies.
In June 2017 we received formal notification that the Financial Conduct Authority had granted us permission to provide Corporate Finance Services.
At the end of 2016, we began what will be a year long project – requiring significant capital investment – to build a bespoke back office operating system.
This system will improve the speed and accuracy of processing both the investment, and the loan books. It will assist us monitor each individual loans performance, giving us a whole of life view that will help ensure borrowers meet their obligations and our bondholders receive their fixed rates of return.
The system will also provide a real-time interface for investors and borrowers, providing visibility on investment values and loan liabilities.
With our help, businesses have grown, investors have been rewarded and the UK economy has started to flourish. There is still more to do, so now is a great time to join us.