You could also say Goji are in run-down, as there's probably still some folk waiting for their investments to end at the end of Feb I assume given they halted accepting new in March. And when does Landbay count as entirely closed what with ISA transfers?
Seems like it would be very sensible to have a "closed to new investment" or similar subforum. That way it's easier to see at a glance which ones are out of action. Would make it simpler for people to monitor how different platforms are managing it, and keep them out of the way of active platform discussion. I think it would be useful to have it separate from the section for collapsed platforms though, they're (hopefully) very different beasts.
With the advent of the announcement by MoneyThing that they are winding down to closure there have been a number of comments about restructuring the forum Boards, both in this thread, and on the MT Board.
Taking these into consideration we have re-named the not so “new” section
“P2P Sites No Longer Open for Investment”
And we have moved the MoneyThing Board there with Collateral, FundingSecure and Lendy describing the state of each in their Board titles. We have also created a new sub-board "More P2x Sites in Wind Down" moving several sub-Boards there as appropriate.
We are still anticipating moving a few of the more popular P2x sites that are still open to investors into the main Board in due course.
Quite sobering to see how many platforms have gone. Wonder what this section will look like by 2020 end? Seems to me that lots of others could join it. The amount of fees needed to be generated to even break even must be pretty big and not everyone is going to scale up.
As far as I know it has moved away from p2p towards listed bond offerings, but there is no notice of official wind down, or am I missing something?
With Wellesley I did alter their board title to “Wellesley & Co (W&Co) P2P product in Wind Down” but I’m well aware they are still offering their mini-bonds so in that sense are open to investment. We also have a number of other platforms who have never offered P2x products in the More P2x section so to be fair I’ve moved Wellesley back out.
Goji was not forgotten, just not moved as we weren’t sure of their status and whether other products were offered, however I have now moved it.
Well they still manage the ISA regulation for several platforms but not the same thing at all. Last investments accepted for investment with Goji itself was last Feb, so last money should be returned early March latest.