The latest admin note (15/4/19) states that there will be an update this week.
I'm an equity investor in AxiaFunder and a minor equity investor in Welendus(FO), Brickowner, Crowdstacker, Proplend, ABLrate, CrowdProperty, Assetz Capital, Elfin Market, Qardus & Loanpad. This time next year I'll be a miwionaire Rodders!
Investment through Ablrate involves lending to companies and therefore your capital is at risk and interest/capital payments are not guaranteed if the borrower defaults. The statements made on this forum are provided for information only, are not intended as a financial promotion
ablrate The last admin update specified "We are awaiting a couple of points from the borrower to be able to give the full update. It is likely that we will provide the update on Tuesday 23rd April after this response". We are now 25th. Any news on this loan?
Not a good omen. Looks like they are about to miss a second repayment. Clearly not generating enough cash from business to make the repayments. They started with approx. £1.5M. What's the betting they offer to pay the interest but not the principal? Repaying principal is going out of fashion.
A shame because this was/is a worthwhile business venture. We shall see.