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bigduckontax, Accountant
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What do you know about a Company called London Capital and

Resolved Question:

What do you know about a Company called London Capital and Finance? We have some money to invest to produce an income. Thanks.
Submitted: 1 year ago.
Category: Tax
Expert:  bigduckontax replied 1 year ago.

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

London Capital & Finance Plc is a leading provider of loans to UK businesses. We typically charge borrowers between 12-20% per year which means they are able to pass on higher interest rates to our investors.

General comment on the web favours the organisation. Have a look here for some of the comments:

http://ww2.feefo.com/en-us/reviews/london-capital-and-finance-plc#?timeFrame=ALL&sort=newest

I do hope that you have found my reply of some assistance.

Customer: replied 1 year ago.
Thank you. I notice that you say "We typically charge.." Do you have some connection with this company?
Expert:  bigduckontax replied 1 year ago.

None whatsoever, the 'we' came in from their information and I omitted to edit it out! It would have been quite improper of me to have commented on an organisation with which I was connected.

Customer: replied 1 year ago.
I think this information is on their website - have you heard of anything adverse about this company from any other source? Our investment represents our life savings, so we must be careful!!
Expert:  bigduckontax replied 1 year ago.

I have heard nothing, but must caution you about putting all your eggs in one basket. There is adverse comment on the web, have a look here:

http://forums.moneysavingexpert.com/showthread.php?t=5346049

Bear in mind the old adage that if it looks to good to be true is probably is! The organisation is not FSCS regulated.

bigduckontax and other Tax Specialists are ready to help you
Customer: replied 1 year ago.
OK, thanks for that, we did have some doubts, so probably best left alone!
Expert:  bigduckontax replied 1 year ago.

Thank you for your support.

You will appreciate that I could not possibly comment on your decision.