Assetz Exchange: The Future of Buy-to-Let

Yes, FCA restriction on capital gains for it to still be P2P

Made my own suggestion of a name

E mail copy and paist.

We are very pleased to announce that the share transaction outlined in our May newsletter has now concluded. Stuart Law is no longer a shareholder in the company and has no other involvement or influence. There are no remaining ties to any of Stuart’s other companies including Assetz Capital.

In the coming weeks we will be changing our name and undergoing a full rebrand but the underlying platform, investments and ethos will remain the same.

The new investors are well known to our management team and they are incredibly optimistic about the future of the company now this difficult period can be put behind us. They believe in what we are doing and the product we are offering, with the sole focus now being on supported living and not development projects.

We will be undertaking a fundraise later this year in order to bolster our balance sheet and to invest in initiatives to grow the company and the four investors alongside the remaining directors of the company will be the cornerstone of this raise.

As ever we are hugely appreciative to all our investors for the support and excellent feedback we are given. We want to improve our platform and product and are always open to discuss any feedback or new suggestions.

If anyone would like to discuss any of the above our Managing Director has made himself available for a one on one call with any investor. A time slot can be booked here:

Yes, it has to be said that having a connection to AC was a huge benefit when we first launched.  We got a lot of our current investors that way, indeed it is how the four investors who have taken Stuart's shareholding were introduced to us (and how I myself as an investor on AC became involved in AE). From the outset though we were an independent company and Stuart has never been involved in the day to day running of the business.

The name change is necessary for 3 reasons.  1) We have no connection to AC or any other company called Assetz and it is clear the association is now very bad, 2)We have never liked the name.  Try telling someone in the pub about the platform (it's Assetz with a z!), the name does not spread well via word of mouth, lots of people misspell it as Assets (and an amusing corollary of that is that some people put in asset sexchange.co.uk when loking for us).  We also think spelling words is very school dayz 1990s style, not really in fashion and 3) it is a condition of this transaction that we stop using the brand Assetz.

Finally, you do not seem to believe what we say is true but you can check on Companies House that Stuart is no longer a director and in the coming days a confirmation statement will be uploaded which will confirm that Stuart is not a shareholder.

The platform is not withering, we are working on increasing the pipeline and the last loan we brought (which has just gone into pre-bid stage for investors) was underwritten in less than 60 seconds. Most of our new investors come via word of mouth and we expect them to continue to do so.

I think the text in bold was a reference to AC rather than Assetz Exchange, although the use of the term 'original' perhaps proves the value of a name change: hopefully it will bring to an end the perception of a continuing connection between the two companies that some people seem to want to see.