Performance Statistics
So that you can monitor the performance of our lending and investments, we have provided a range of historical and current information below.
Wellesley Group provides finance to experienced property developers, specialising in development funding.
Our strategy is to lend to borrowers whose loans are secured on mid-priced property throughout the UK, on loans typically between £2 million and £20 million. All loan applications are rigorously evaluated by our Credit Committee, and we place our own funds into every loan that we make, providing additional confidence to our investors.
We use the interest paid by those borrowers to pay competitive rates to our investors.
Investment performance
| Average annual return [1] | 4.35% | Total interest paid to investors | £30.3m |
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|
| Average annual return per year [2] | 4.87% | 4.70% | 3.82% | 3.33% | 5.03% | 4.47% |
[1] The weighted average annual return earned on all investments made with Wellesley* after adjustments for loss.
[2] The weighted average annual return earned on all investments made with Wellesley* after adjustments for loss, reported at the point the investment was made.
* This includes investments into the Listed Bond Wellesley Secured Finance Plc made via third party platforms.
Return includes interest paid to date, interest forecast to be paid until investment maturity and forecast recovery balances of suspended loans.
Losses are made up of actual crystallised losses and losses which have been provisioned for.
Wellesley & Co. launched in November 2013 and investments made in this vintage represent less than 1% of total investment since inception and are not included in this table.
Figures correct as at 19/09/2019 and updated semi-annually. Figures subject to daily change. Investment performance may go up as well as down.
All figures exclude investments in Peer-to-Peer 30 Day Products which have variable rate and term.
Loan performance
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|
| Facilities originated £million | 149.3 | 145.1 | 127.8 | 225.3 | 29.8 | 4.64 |
| Non-performing loan count | 6 | 6 | 2 | nil | nil | nil |
| Loss £million | 7.6 | 22.7 | 4.1 | nil | nil | nil |
Non-performing loan count represents the number of loans where we do not expect the loan security to be enough to cover all of the loan principal and interest. These are categorised by the loan’s year of origin; not the year that the loan was identified as non-performing.
76% of the total losses have been covered by Wellesley on a discretionary basis.
Losses are made up of actual crystallised losses and losses which have been provisioned for 43% of losses have been realised.
Figures correct as at 19/09/2019 and updated semi-annually. Figures subject to daily change. Loanbook performance may go up as well as down.
Please note, provisions have been made by Wellesley Finance on a discretionary basis and do not represent any form of guarantee to investors.
Past performance is not indicative of future results.
Wellesley appoints MIAC to conduct industry best practice “stress test” using Bank of England macroeconomic scenarios. View the February 2019 stress test here.
This website is operated by Wellesley & Co Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 631197).
Your capital is at risk and your investment is not covered by the Financial Services Compensation Scheme (FSCS).
Investment in Mini-Bonds issued by Wellesley Finance PLC and/or bonds issued by Wellesley Secured Finance PLC involves risk to your capital and interest payments are not guaranteed.
Investment in Peer-to-Peer products offered by Wellesley & Co. Limited involves lending to individuals or companies and therefore your capital is at risk and interest payments are not guaranteed if the borrower defaults. It is important to remember that historic loan default rates are not necessarily indicative of future default rates.
Wellesley is the singular name for the following collective of companies, Wellesley Group Limited (09811856), Wellesley & Co Limited (07981279) and Wellesley Finance Plc (08331511).
Wellesley & Co Limited is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 631197). Wellesley & Co Limited is not covered by the Financial Services Compensation Scheme (FSCS) and neither are any of the investment products offered through this website.
Wellesley Finance Plc and Wellesley Secured Finance Plc are not authorised or regulated by the Financial Conduct Authority. Investments issued by Wellesley Finance Plc and Wellesley Secured Finance Plc are not covered by the Financial Services Compensation Scheme.
Wellesley Secured Finance Plc (the Issuer) was established as a special purpose vehicle for the sole purpose of issuing asset backed securities. Wellesley Secured Finance Plc is not part of Wellesley Group Limited. Wellesley & Co Limited and Wellesley Finance Plc are registered in England and Wales and their registered office and trading address is at St Albans House, 57/59 Haymarket, London SW1Y 4QX. The registered address for Wellesley Secured Finance Plc is at 35 Great St. Helen’s, London EC3A 6AP.
Require further information?
Call our customer service team on 0800 888 6001 or e-mail us on info@wellesley.3eleven.net