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Peer2Peer Finance News | November 23, 2017

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Wellesley & Co

Wellesley & Co: Get ready for proptech 3.0 with “elite survivors”

October 18, 2017 |

WELLESLEY & Co has cited predictions that there will be consolidation in the proptech sector, as firms drop by the wayside leaving “a crop of elite survivors”.

The alternative property lender said it expects the rest of 2017 and early … Read More

Wellesley & Co reports £300m of lending since start of 2016 with no losses

October 13, 2017 |

WELLESLEY & Co has announced that it has approved £300m-worth of new loans since the start of 2016 and has not seen any losses from these facilities.

The alternative property lender said that it secured 66 new funding deals over … Read More

Exclusive: Graham Wellesley sets the record straight

October 11, 2017 |

Graham Wellesley (pictured) is not afraid of a bit of criticism. But after a year in which his company has been a regular fixture in the financial pages, he is ready to fight back.

IT WAS one of the first … Read More

The P2P Power 50

October 2, 2017 |

PEER-TO-PEER lending has rapidly grown into a multi-billion-pound industry, bringing together the best in banking and technology as well as lawyers, regulators, analysts and fund managers.

So, who are the key players influencing the UK’s P2P sector? The inaugural Peer2Peer … Read More

Graham Wellesley hits back at critics

September 26, 2017 |

GRAHAM Wellesley, chief executive of alternative lender Wellesley & Co, has spoken out after recent criticism of the company’s loan performance.

Earlier this year, a series of media reports highlighted a report from auditor BDO which stated that Wellesley & … Read More

Is the P2P lending industry working with Bell Pottinger?

September 7, 2017 |

EMBATTLED PR firm Bell Pottinger has been facing a client exodus in the wake of a racism scandal in South Africa.

The company, which is infamous for taking on controversial clients such as the Pinochet foundation, Asma Al-Assad and the … Read More

Wellesley directors were paid more than £900,000 last year

June 22, 2017 |

WELLESLEY & Co’s directors collectively pocketed £923,000 last year, while the property lender reported a full-year loss of £210,288.

Chief executive and founder Graham Wellesley was awarded the highest salary of £342,000, while co-founder Andrew Turnbull took home £244,000, according … Read More

Wellesley puts P2P product on “pause” and boosts transparency

May 26, 2017 |

WELLESLEY & Co is putting its peer-to-peer lending activities on “pause” and has published details of its loan book for the first time, as it works towards gaining full authorisation from the Financial Conduct Authority (FCA).

From 31 May, the … Read More

Wellesley & Co narrowly avoids being struck off

December 7, 2016 |

PEER-TO-PEER lender Wellesley & Co has avoided being struck off the Companies House register after filing its late accounts at the eleventh hour.

Last week, the firm received a First Gazette notice for compulsory strike-off from Companies’ House, giving it … Read More