Mini Bonds

Did you invest in Mini-Bonds
with Basset & Gold, LCF or Blackmore? You could
be eligible for compensation.

Basset & Gold, B&G Finance, London Capital & Finance or Blackmore Bond

Was your Mini-Bond or ISA advised by these firms? You could be eligible for compensation.

Basset & Gold have hit headlines, after customers claimed they were mis-sold their inflation busting mini-bonds.

Our research on the mini-bonds sold show that these companies have been controversial in that its activities appear to have been partly regulated by the Financial Conduct Authority but the bonds it sold were not.

Basset & Gold’s sister company B&G Finance, which was FCA regulated, acted as the intermediary between Basset & Gold and its investors. It too is now in administration.

Blackmore are also in the headlines having gone into administration owing investors some £45million.

If you invested with these firms you may be exposed to the high risk investments or mini bonds that were not suitable to your needs. Get in touch today with APJ 0333 272 4969.

More on Mini-Bonds

Mini-bonds allow you to lend money directly to businesses. They are in effect IOUs which the companies sell to investors.

Typically they have terms of three to five years, and investors earn regular interest payments during the life of the mini-bond. At the end of the term, the investors typically receive back their initial investment plus a lump sum of interest, although some bonds offer rewards in another form such as discounts of their product.
Mini-bonds cannot be traded and are not listed on any market. This means they must be held until they mature and cannot be cashed in early, which can make them a less flexible choice for investors.

They are generally unsecured, non-convertible, untradable and do carry risk, so a return on investment is not guaranteed.

The current increase in popularity of mini-bonds stems from the recent financial crisis, which saw many smaller companies unable to raise capital from banks. Instead, some turned to equity crowdfunding to raise funds, while others began to offer mini-bonds directly to the public.

PROS – Mini bonds are high interest, can be held in an SIPP, low minimum investment; offer a way to invest in companies you are passionate about; loyalty scheme benefits + option to convert bonds into payouts as goods/services.

CONS – They are unregulated; your capital may be at risk if the company becomes insolvent; they don’t have to offer financial statements, can’t go in an ISA, not covered by Financial Services Compensation Scheme.


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Do you think you’ve been mis-sold?

If you have invested your pension pot in a Mini-Bond scheme and you’re now suffering as a result, or even if you haven’t yet lost money but suspect something isn’t quite right, check your situation against the following criteria to see if you’ve been mis-sold:

  • Pressure Selling
    Were you pressured into investing your pension into something you didn’t want or need?
  • Unsuitable Scheme
    Were you advised to transfer your existing private pension fund to a new, higher return scheme even though it wasn’t suitable for your needs?
  • Unexplained Fees
    Were there any surprise fees or additional costs attached to the investment that you weren’t made aware of from the start?
  • Unexplained Risks
    Were there certain risks attached to your SIPP that you were not informed of when you agreed to invest?
  • Lost Investment
    Have you made significant losses as a result of any of the above issues?

If any or several of the above points sound familiar to you then fill out our simple contact form or give our experienced team of solicitors a call and let us help you.