Crowd for Angels (UK) Limited (CFA), the issuer of the Crowd Bond, is incorporated and registered in England and Wales under company number 03064807. Our offices are located in the City of London at 8 Little Trinity Lane, London, EC4V 2AN.

CFA is an FCA authorised and regulated crowdfunding platform launched in 2014 for both debt and equity funding. It has, over a number of years, developed a sophisticated platform and has successfully funded a number of companies. 

CFA is also approved by HMRC as a manager for the Innovative Finance ISA (IF-ISA). The IF-ISA can be used to shelter bonds and loans issued by crowdfunding platforms and P2P companies. According to HMRC Data (June 2021), it is estimated that there are over 126,000 IF-ISA accounts with a cumulative amount invested of £1.07 billion.

Over the past 12 months CFA has been and is continuously being approached by a number of company administrators and individual investors seeking to transfer their IF-ISA portfolios to our management. These are fee paying clients and attractive to CFA.

The number of IF-ISAs we now manage has increased by 548% in the 12 months to 11th March 2022. This has resulted in additional need for working capital to cover costs such as professional and legal fees, updating our software and systems, man hours in due diligence and negotiating with administrators.  

Bond Offer

Crowd for Angels is offering 100,000 £1 crowd bonds with a term of 13 months. The bond is asset-backed and pays 5.75 interest per annum, with interest payments made semi-annually (every 180 days).

The Crowd for Angels’ Bond is eligible for inclusion in an Innovative Finance ISA (IF-ISA), which can be opened through our platform. Interest payments on IF-ISA eligible crowd bonds are able to be earned free of income tax*. The bond will also be able to be traded on our secondary market, subject to demand.

* Tax treatment is subject to individual circumstances and tax law can change.

Repayment of Bond and Interest

CFA has issued a £196,605.42 loan to Verditek Plc (VDTK) an AIM listed company with a market capitalisation of £8.56 million as at 16th March 2022. The bond is secured via a debenture on the company assets having a book value of £3,588,776 (updated 30/06/2021). The bond is in good standing with interest current. 

CFA will repay the bond from the proceeds of the VDTK loan. 

In addition, Crowd for Angels has a marketplace on its platform where bonds can be bought or sold depending on demand/supply. 

 *The minimum investment is £100.