Exclusive: Investors in limbo as administrators appointed to Funding Secure

P2P lender Funding secure has had administrators appointed today, according to a statement on the firm’s website 

Jonathan Avery-Gee, Edward Avery-Gee and Daniel Richardson of CG & Co, have been appointed and are working closely with the FCA after the company was placed into administration by a resolution of the board of directors of the Company. 

“As a result of the administration, no legal proceedings may be commenced or continued with against the Company without the consent of the Administrators or leave of the Court. The Company is now protected from any third party actions by virtue of a statutory moratorium,” they said in the statement. 

The administrators have set up a dedicated email address for creditors to contact the administration team fundingsecure@cg-recovery.com .