Wellesley & Co

Wellesley & Co Limited (FRN 631197) was an FCA-authorised peer-to-peer lending and mini-bond issuer founded in 2013. The platform offered property-backed loans and fixed-rate bonds to retail investors, reporting cumulative lending of approximately £600 million before its collapse.

In 2020, the company entered administration following an FCA investigation into the firm's financial promotions and business practices. The FCA had previously imposed requirements on the firm restricting its ability to issue new mini-bonds to retail investors. Wellesley & Co is no longer operational and is not accepting investments.

Investors who held mini-bonds or P2P loans at the time of administration face potential losses, with recovery dependent on the administration process and underlying asset realisations.

Wellesley & Co operated a dual model: a P2P lending platform matching investors with property-backed loans, and a mini-bond programme issuing fixed-rate securities backed by pools of property loans. The platform sourced bridging and development loans secured against UK residential and commercial property.

The FCA raised concerns about the adequacy of Wellesley's financial promotions and the structure of its mini-bond offerings. Following regulatory intervention, the company was unable to sustain operations and entered administration.

Wellesley previously offered two investment formats: direct P2P property-backed loans with monthly interest payments, and fixed-rate mini-bonds (typically 3–5 year terms) paying annual interest. Minimum investments started from approximately £100 for P2P and £1,000 for mini-bonds.

These products are no longer available. Outstanding positions are being administered through the insolvency process.

Wellesley & Co is no longer operational. The platform entered administration in 2020 following FCA intervention. This profile is maintained for historical reference. Investors with outstanding positions should contact the administrators directly for updates on recovery prospects.