Proudly Serving High Net Worth & Sophisticated clients throughout the UK since 2015
Ensure that your specific requirements are met by utilising the services of ASP.
Over the years our team we have researched alternative opportunities comprehensively and have successfully sourced interest-bearing products providing a fixed annual income which helps clients plan for their financial future. With our extensive corporate contacts, we are able to provide reliable solutions for our clients, making the whole process as efficient as possible.
You should note however the products we introduce are not investments and are not covered by the Financial Ombudsman Services (FOS) or by the Financial Services Compensation Scheme (FSCS). The products being introduced are illiquid as they are unlisted and therefore cannot, in the normal course of events, be sold and must be held to maturity. The issuer may treat requests from debt holders for early repayment sympathetically but are under no obligation to do so. The issuers of the debt instruments are generally small businesses in start-up or expansion phases and as such are more likely to fail than established debt issuers. You may therefore lose some (or in extreme circumstances all) of the funds you lend and therefore should not be lending funds which you are relying upon or which, the loss of, would impact your financial well-being.
There exists in the UK an area of specialised secured lending which provides higher returns than those generally available to savers from high street banks. ASP can introduce High Net Worth & Sophisticated clients to businesses in the UK who are seeking to borrow. They achieve this by issuing corporate debt instruments. These instruments are generally secured by a charge over the assets of the company, which is registered at Companies House, with bondholders being ranked more highly than shareholders in the event of any default.
The security available to lenders and its value in the event of any default will vary greatly depending upon the nature of the underlying business. You should consider this carefully when deciding if the opportunity is appropriate. Clearly in some circumstances the value of the assets when disposed of may be worth less than the value of the debt issued.
What will the Loan Note be secured against ?
The Loan Note will be secured against all of the underlying assets of the Company, including:
All of the Secured Registered Charges at Her Majesties Land Registry on all Properties where Finance has been provided, all income sources and streams, all cash reserves. The companies various security classes as above are completely captured by way of a floating debenture against the Company. This is a legal document which enables a secured charge to be taken over the Company's multiple assets. This floating debenture will be immediately registered at UK Companies House to secure and protect a Loan Note Purchaser.
Immediately following registration of your debenture security interest at UK Companies House you will be provided with all of the details including the link to UK Companies House website so that you can independently verify your registered security interest. Therefore the debenture security interest held by a Loan Note purchaser has a protective security layer.
What Assets will the Debt be Secured Against ?
The debt will be secured against all of the underlying assets of the Company including:
· all properties and fixed assets,
· all income sources and streams,
· all cash balances
· and any debtors which the company has from time-to-time.
All these assets are secured by way of a floating charge over the Company which is a legal mechanism giving debt holders’ priority over the assets ahead of other creditors and finally shareholders. This charge will be immediately registered at Companies House to secure and protect bondholders (if there is a Security Trustee appointed then the charge will normally be in their favour on behalf of the debt holders). Immediately following registration of the security interest at Companies House you will be provided with all of the details including the link to UK Companies House website so that you can independently verify the registered security interest.
The opportunity is presented in the form of an Information Memorandum ("IM") directly from the debt issuer, which covers all aspects of the opportunity, including the terms, the financial structure, risks, and targeted returns. Exit strategy and timescale are also explained. The IMs from issuers are clear, concise, and well-researched.
You should review the IM at this point and ask for additional information, such as a full due diligence package, if you require it. We are always available to provide more information on the opportunity and seek answers from the issuer.
The debt instrument is made by an application form which can be sent to you by email or hard copy. You would then make payment directly to the company itself or the FCA regulated receiving agent; if one is appointed.
Once the loan is complete, you will receive full confirmation of settlement from the issuer. You will then receive regular updates from us or directly from the Issuer.