Cases / Investment funds & advisory
London Capital & Finance plc
Spencer Golding, Michael Andrew Thomson
ReportedNov 14, 2024
LocationUK
Amount$237,000,000
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- Company / entity
- London Capital & Finance plc
- Industry
- Mini-bond investment / retail financial services (UK)
- How investors were recruited
- Online advertising (incl. Google ads) and direct marketing targeting UK retail investors via LCF's bond-sales website and call centre; marketing by Surge Financial
- Pitch & red flags
- fixed-rate returns (up to 8% interest), marketed as low-risk/ISA-eligible "secured" mini-bonds; LCF presented itself as a commercial lender to UK SMEs