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Post by jackpease on Jun 1, 2016 15:30:00 GMT
I left my £10 in just to see what happened - it seems to just sit there minding its own business.
Surely big-shot Horlick would want to get rid of the business, it must be so small as to be an irritant?
Jack P
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iren
Member of DD Central
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Post by iren on Jun 1, 2016 15:34:57 GMT
Personally, I lost confidence in the company some months ago because of the lack of deal flow, sold all of my loans and moved the funds on to another site.
The site is still live, but I have no idea how they're managing to keep going. The trickle of new loans has now ceased completely: only one new loan has gone live in the whole of 2016 to date.
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Greenwood2
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Post by Greenwood2 on Jun 1, 2016 19:41:31 GMT
Thanks.
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Post by jurado on Oct 7, 2016 15:02:01 GMT
It's all rather perplexing. I find the site incredibly easy to understand, navigate and use. It is a stripped down, elegant but helpful interface. I've really enjoyed using it but clearly they are having great difficulty in getting in borrowers of the type they want. I've put more money into the secondary market as lenders do seem to be selling off and while I'm reasonably confident the loans will be seen through to completion, it's a real shame there's not more activity.
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Post by jackpease on Jan 23, 2017 12:25:41 GMT
Article in The Times today saying losses have been made, financing in place and all fine and dandy going forward.
Quite a large story for a platform that has never really taken off.
Jack P
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Post by westonkev on Jan 23, 2017 14:54:04 GMT
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SteveT
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Post by SteveT on Jan 23, 2017 15:31:52 GMT
Losing £1.8m on gross lending of just £5m sounds like quite an achievement...
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Post by jackpease on Jan 23, 2017 16:59:04 GMT
As someone that invested £20 from the getgo and decided to await some action - which didn't come - the purpose of Money & Co to a high flyer has eluded me.
The lack of activity and small volumes might amuse a shedworking startup geek but bigshot-Nicola Horlick?
Jack P
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Post by spacecowboy on Mar 8, 2017 19:12:11 GMT
Just received an email saying I can now open an IFISA with M&Co.
Thoughts? Given I can open one now, wait a month and open another with a more established firm, is it worth it?
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ben
Posts: 2,020
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Post by ben on Mar 8, 2017 21:03:56 GMT
Just received an email saying I can now open an IFISA with M&Co. Thoughts? Given I can open one now, wait a month and open another with a more established firm, is it worth it? Persoanlly I would not , there is not enough activity and they are currently losing money. They have been around a while and have lent out less then some newer smaller sites. There is a few more established sites that I would look at first, I have opened abudance for the misses and went with Lending Works for myself although that was a mistake and the rates have gone again since then.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Apr 21, 2017 16:49:40 GMT
What a professional site! Two e mails today riddled with pissmellings! Sic and mistakes.
How not to do business comms by N bedtime-drink!😁
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stub8535
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personal opinions only. Not qualified to advise on investment products.
Posts: 1,441
Likes: 946
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Post by stub8535 on Apr 21, 2017 16:51:45 GMT
Oops. Made a mistake there. Apologies to platform monitors. Will edit when I get home.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
Posts: 1,441
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Post by stub8535 on Jun 28, 2017 18:30:54 GMT
Oops. Made a mistake there. Apologies to platform monitors. Will edit when I get home. It may be me misreading companies house. Could someone else check I am not seeing things or missing something here. Money&co companies show as voluntarily dissolved. The business number currently at the foot of the platforms wepage is not recognised. Started checking as I got an unwanted email marketing shot from IW investments for a luxury goods maker that is trying to fill a bond. When I looked at ch they are at 42 bruton. When I asked the sender where tjey got my email address from I was told they hsd recently bought a company that is listed in an earlier post on p1 of this thread from 2014 as being in the stable of connected companies. Wanted my phone number etc. Told in no uncertain terms to go away and wipe my data. On warning NH she indicates that the 2nd largest shareholder used to be a director of money&co. How strange! I am sure we will find a logocal explanation soon. S
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jun 28, 2017 19:13:27 GMT
Money & co are the trading name, Denmark Sq are the actual company and hold all the permissions. Much the same as SS never existed as a company, they are merely a trading name for Lendy
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,441
Likes: 946
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Post by stub8535 on Jun 29, 2017 2:06:28 GMT
Money & co are the trading name, Denmark Sq are the actual company and hold all the permissions. Much the same as SS never existed as a company, they are merely a trading name for Lendy Thanks for the info from last two posters.
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