Another burning nights investor who has lost everything
Why did Crowdstacker invest £8m in an entity that never had net assets of even £2m ?
You then did it again with Authentic Alehouses ?
Investors were misinformed and ,at best , there was NO due diligence .
Very low quality people who need to be thoroughly investigated by SFA
Review by Bonappetitmom1 month ago
Excellent investment opportunities and good rates of interest paid. No problems or issues so far.
Review by Uelysee2 months ago
Trying to figure out how Crowdstacker lent over £6 million to Authentic Alehouses when their assets are valued at just over £3 million ? Is it me, have i read this wrong ? Help me out someone ? There are no funds available to complete the refurbishment of these pubs , so where as the money gone ?
Review by Humperdinck3 months ago
There is always a risk with these investments so I have spread over a number of companies. Over the past 2 years I have benefited from the very good returns and feel I have been sufficiently well informed 're Amicus and Authentic Alehouses.
Phone calls are answered promptly and the staff have been unfailingly helpful. To date my investments have performed significantly better than other P2P platforms.
In my opinion the nature of the risks are clearly outlined and I am happy to continue investing with Crowdstacker
Review by Omran3 months ago
Good company to start with and promised good returns with strict due diligence on the companies it lent to. Burning night are the biggest bunch of con men about and now I have lost all my money. But burning night didn't stop at that authentic another great company championed by crowdstacker who are a sister company of burning night got 6 million and have done the same trick twice and went bust and my hard earned savings all down the drain while the con men hide behind the Ltd company curtain and the great security seems none existent. If someone from crowdstacker can ring me and explain the situation with this I will maybe remove this review but at the minute I am very frustrated by the whole thing
Review by Solgencommercial3 months ago
Another burned burning nights investor. The risk of default was not clear in reality - much higher in retrospect than communicated I.e assets too low risk too high. I am steering clear and sticking to shares and trusts are research and risk much clearer - no real business risk to crowdstacker.
Review by DWhittam TMac3 months ago
Be very careful before risking your capital here. They claim that the companies have asset backing,and the implication is that you are unlikely to lose your money. 2 of my investments, Burning Night and Authentic Alehouses,look like the security/asset backing will be worthless and I could lose ALL my capital. BEWARE!!!!!
Review by KrisAusEU4 months ago
A very professional and diligent outfit, which has allowed me to diversify my investments successfully.
Review by VicariousVegan4 months ago
BurnightNight --- we used Crowdstscker for peer to peer lending. Some loans were ok but they appear to have loaned significant monies (circa £7m ) to a pub company which never had assets of more than £2m . There appears to have been a lack of due diligence by Crowdstacker in channelling so much money to one venture with assets much less than the funds loaned .
BurningNight is in the hands of an Administrator and it looks like we will all have lost all our money.
The response from crowdstacker has been to refer us to the Financial Ombudsman.
Review by ParisWat5 months ago
Mundane rates for the clear risk involved, simplistic website not fit for purpose, poor information flow, and it can take more than a week to get your money out. There's much better out there folks.
Review by Tiernan Bowerbank5 months ago
I invested through Crowdstacker a few thousand pounds of savings in a Company called ‘Burning Night’ that was very positively described at that time by them as ‘an exiting opportunity to invest in an expanding Company’. Last October I was informed that the company, ‘Burning Night’, had called in the administrators due to a ‘guarantor subsidiary’ being in financial difficulties.
I have been receiving updates from Crowdstacker which, if I am honest, make me feel a lack of confidence in the the security of my investment.
Admittedly I understood the nature of the risk involved in this type of investment, however I was given the impression on their website when I took it out, that Crowdstacker had several layers of ‘security measures’ in place to avoid or mitigate bad debts etc. The contents of their latest update, which contained no news whatsoever, has not given me much confidence in the outcome. As regards any request for information on how their ‘security measures’ will alleviate my situation appear just as elusive as any news, good or bad, and one can’t wonder if they existed anyway.
I would therefore advise anyone who considers investing in this type of ‘saving investment’ be highly aware things can, and do go wrong, and do research other forms of investment.
If you cannot afford to lose it, avoid this type of investment like the plague. You have been warned !!!
Review by EliteInAustin Cucc5 months ago
Well managed and kept me fully informed. Payments always on time. Will invest again when available.
Only downside is no capital growth on investment.
Review by Ludim5 months ago
Crowdstacker recommended one investment that they said they held the first call on all the properties in that group. Turns out they did NOT have first call. I may have lost all my money which was thousands of pounds. Be careful
Review by Tomio Malkomes6 months ago
A very good product with excellent back up service from the head office team
Review by NHo Reminiscence6 months ago
I feel the criticism of Crowdstacker is unjustified. I too invested in Burning Nights - which was my choice. Crowdstacker make it very clear the risk involved - after all it is a well known fact that higher returns come with a bigger risk - you are not forced to take it. I found them very helpful and would definitely recommend them.
Review by Notapp Homodza6 months ago
Helped me through every step of the way through the investment, with friendly staff.
Review by TheSwiss Shvangiradze6 months ago
I had money in hand, held by Croudstacker, from a previously matured transaction. Spoke to Isaac who was most helpful in guiding me through an online transfer of my cash into an Innovative Finance ISA account. The deal was done by phone and was completed quickly and efficiently.
This is my second investment with Croudstacker, the first having been made with some trepidation as there no FSCS cover. But all went well, no payment was missed and all were paid on due dates. On maturity my cash was promptly available for withdrawal. All very satisfactory, thank you.
Review by RPlant Kljucanin6 months ago
The contact team are very helpful. All transactions are handled promptly and efficiently
Review by Ofori Rocketfingers7 months ago
Following my negative rating of Crowdstacker's communication with it's investors surrounding the fallout from the failed Burning nights group I would like to balance this following an explanation from one of their chief operating officers.
I commend the company for taking the time and trouble to explain things in as much detail as possible and to emphasise to me that they are working hard behind the scenes to do their very best for their customers.
The amount of information that can be issued to those that have suffered financial losses is constrained by law but I was assured that as matters progress the company will continue to brief investors at least monthly and remain available to respond to individual queries.
The absent e mail update ,that irked me to post the initial criticism, was caused by a technical glitch and subsequent monthly updates have arrived as promised.
It was very reassuring to hear from a senior company official, and for them to have taken the time and trouble to contact me directly, has somewhat restored my faith that Crowdstacker does indeed have the best interests of it's customers at heart and is willing to take on board the lessons of any negative feedback.
I would therefore not in any way dissuade any person from using their investment platforms but, as always, searching for better returns is likely to come with more risk, and I think you need to ask yourself the question "am I in a position to be able to lose all my capital" before you take the plunge.
Review by Nivritti7 months ago
A second investment - Authentic Alehouses - has not paid it's quarterly interest payment to investors. No communication or warning about this. This follows on from the administration of Burning Night.
Invest at your peril. A very naive business model.
Review by NuMonday7 months ago
An acceptable interest rate for level of risk. Happy to invest again.
Review by Bebulebebule Girardello7 months ago
The recent Trustpilot reviews of Crowdstacker seem to be indicating that the company is rapidly losing the goodwill of a large number of its investors.
I have made a considerable investement in Authentic Alehouses Ltd and now half way through the repayment term things are looking decidedly shakey. An interest payment has not been met and Crowdstacker have been less than informative as to why. Despite their assurances to me that a review was to be carried out into Authentic Alehouses (that review was supposed to have been completed at the end of 2018) and further assurances it would definitely be completed by end January this year, I have heard nothing further. This leaves me to believe my investment may be going the same way as Burning Night Group and Amicus, both of which have entered administration.
Questions will need to be asked, that despite the promised levels of loan security, lenders seem to have been left exposed and their investments are now in question. The due diligence of Crowdstacker may need to be looked at as to how these investments have been monitored and the levels of risk to which the lenders have been exposed. Of course peer to peer is a higher risk investment than some other investments, but it is incumbent on the Company to ensure their investors are given full opportunity to consider those risks and to be able to rely on the stated security mechanisms put in place in the case of default.
Review by Jyrus8 months ago
I took out an IFISA with Crowdstacker using an AMICUS loan had one email explaining that Amicus would not be running the full term and were intending to repay, next interest payment due 4 February nothing and no prewarning from Crowdstacker
Review by SuzySmith8 months ago
I am concerned now that two funding vehicles are in trouble both of which are associated with pubs and nightclubs.Whilst I cannot fault the promptness of notifications I am concerned about the initial product descriptions which led me to believe that I would be protected by preferential legal debentures on physical assets but in the case of Burning Bonfires it transpires that another creditor had pulled the plug first and taken over the assets of the enterprise.I therefore question the quality of legal protections purportedly offered by Crowdstacker and if indeed it performed due diligence before making loans to BB. This latest bad news comes only two months after Crowdstacker published a stock market prospectus offering me the option to invest in the company an offer I did not take up fortunately.
Review by Hayzelton8 months ago
What a company,invested money in burningnights ground nice glossy brochures about this wonder full company ,and how crowdstacker put all the faith in me to invest in them ,My money guanteed by the director's,well all I can say what a load of con men crowdstacker got themself involved in with all our investors hard earned capital.I wished I have leaved it in the bank at 1%.