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Don’t invest unless you're prepared to lose money. This is a high-risk investment.
You may not be able to access your money easily and are unlikely to be protected if something goes wrong.
Take 2 mins to learn more.
Meet Stacey Lillico and Simon Green, Founders of Lillicoco
23rd March 2023
At Crowd2Fund we pride ourselves on building long-lasting relationships with entrepreneurs. Watching businesses grow over time and seeing how your investments help British businesses reach their goals, whilst you receive your returns, is a win for us. Given it’s International Women's month, we wanted to celebrate Lillicoco. A female-led company, with three of its four board members being women, including Stacey Lillico.
Stacey and Simon, a couple and founders of Lillicoco, are returning Crowd2Fund clients with a perfect repayment history. Here’s their story and why they chose to return to Crowd2Fund.
What they do
If you aren’t familiar with Lillicoco, they are a market-leading Fine Antique & Vintage Jewellery E-commerce company. They sustainably source all of their jewellery in the UK and Europe and export globally. Stacey's history in the jewellery business and Simon's experience in the tech start-up sector contributed to Lillicoco's success, which currently has thousands of reviews and a 5-star rating on Etsy.
Why we love them
Lillicoco is breaking away from fast fashion by selling sustainably sourced antique jewellery. As a result, their products last longer, are more sustainable, and are better for the environment. Lillicoco is a British-born company, and all of their items are sourced in the United Kingdom and Europe. They have a flawless repayment history and are a recurring Crowd2Fund client. Apart from the fantastic rewards they provide, they also reply speedily to investors' questions and are a delight to deal with as clients.
Did you know?
Stacey frequently wakes up at 3-5 am to get to the markets early and purchase the best pieces. What gets Simon out of bed is seeing the company’s growth and success so far, as well as working alongside their talented team members.
Funds raised will be used for marketing, updating the website, stock and staff training.
Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.
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The more love you give away, the more love you will have. ― John O'Donohue, Anam Cara
Past performance and forecasts are not reliable indicators of future results.
Your capital invested is not covered for compensation in the event of a loss by the FSCS.
Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.
Risk summary for P2P agreements or P2P portfolios
Estimated reading time: 2 min
Due to potential for losses, the Financial Conduct Authority (FCA) considers this
investment to be high risk.
What are the key risks?
You could lose the money you invest
Many peer-to-peer (P2P) loans are made to borrowers who can't borrow money from traditional
lenders such as banks. These borrowers have a higher risk of not paying you back.
Advertised rates of return aren't guaranteed. If a borrower doesn't pay you back as agreed, you
could earn less money than expected. A higher advertised rate of return means a higher risk of
losing your money.
These investments can be held in an Innovative Finance ISA (IFISA). An IFISA does not reduce
the risk of the investment or protect you from losses, so you can still lose all your money. It
only means that any potential gains from your investment will be tax free.
You are unlikely to get your money back quickly
Some P2P loans last for several years. You should be prepared to wait for your money to be
returned even if the borrower repays on time.
Some platforms may give you the opportunity to sell your investment early through a 'secondary
market', but there is no guarantee you will be able to find someone willing to buy.
Even if your agreement is advertised as affording early access to your money, you will only get
your money early if someone else wants to buy your loan(s). If no one wants to buy, it could take
longer to get your money back.
Don't put all your eggs in one basket
Putting all your money into a single business or type of investment for example, is risky.
Spreading your money across different investments makes you less dependent on any one to do
well.
A good rule of thumb is not to invest more than 10% of your money in high-risk-investments.
The P2P platform could fail
If the platform fails, it may be impossible for you to collect money on your loan. It could
take years to get your money back, or you may not get it back at all. Even if the platform has
plans in place to prevent this, they may not work in a disorderly failure.
You are unlikely to be protected if something goes wrong
The Financial Services Compensation Scheme (FSCS), in relation to claims against failed
regulated firms, does not cover investments in P2P loans. You may be able to claim if you
received regulated advice to invest in P2P, and the adviser has since failed. Try the FSCS
investment protection checker here.
Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance.
If you have a complaint against an FCA-regulated platform, FOS may be able to consider it. Learn
more about FOS protection here.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about peer-to-peer lending (loan-based crowdfunding), visit the FCA's website here.
