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Rated 1 out of 5 stars

With the voting deadline set for tomorrow night I thought I’d throw in my two penn’orth (well, £30K and two penn’orth). Wellesley have spent many months and many thousands of pounds of our money stit... See more

Rated 1 out of 5 stars

I am one of the lucky ones my final investment with W matured in May. W still have capital of mine that is suspended so will only get a fraction of that back. I made an observation two years back when... See more

Rated 1 out of 5 stars

Propert Bond customer. Agreed for cva to try to recover some funds as lost over 25% of investment. Received smaller payments on time over a years wait. Final payment appears on time but more than 60%... See more

Rated 1 out of 5 stars

Another Wellesley loser here. Not only do they make you wait for ever to get the pittance back that they promised months ago they also make exceedingly difficult to find out exactly what you are going... See more

Company details

  1. Investment Service
  2. Non-Bank Financial Service

Information provided by various external sources

Wellesley is an established alternative property finance firm helping to build more homes in the UK and enabling investors to make returns on their investments. Investment through Wellesley involves lending to individuals or companies and therefore your capital is at risk and interest payments are not guaranteed if a borrower defaults. Investment in Wellesley is not covered by the Financial Services Compensation Scheme (FSCS).


Contact info

1.9

Poor

TrustScore 2 out of 5

1K reviews

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Rated 1 out of 5 stars

The Wellesley group are just well-dressed scammers. others have said the final…

As a few others have said the final payments of the settlement weren't received. It is easier to get to Mars than contact these people, unfortunately if you buy or invest in anything with the Wellesley group you are going to lose money and he is going to gain money. The Wellesley group are just well-dressed scammers, my money has disappeared, my balance was reduced to zero and I have been sent a share certificate.

December 30, 2023
Unprompted review
Rated 1 out of 5 stars

I note 2024 negative review for non…

I note 2024 negative reciew for non payment so nothing has changed since they ripped me of as peer to peer loan investor when they carefuly segued out of their obligations years ago. Anyone investing in anything should steer clear of anything without FCS cover

April 18, 2024
Unprompted review
Rated 5 out of 5 stars

No remuneration from share option…

No remuneration from share option selected from cva. Had a letter that reiterated wellesleys demise suggesting settlement in the future. I have received less than 50% of my money back. Can't complain on this site or review is blocked

February 12, 2024
Unprompted review
Rated 1 out of 5 stars

I am still waiting to be paid the…

I am still waiting to be paid the December 2024 payout after waiting 3 years. There is no direct contact and when you email, you are told that Wellesley will be contacting directly which they haven’t. I have lost money and am taken for a fool who can be just fobbed off with platitudes. Just so annoyed and having to go to the financial ombudsman for some redress. Awful company with no principle.

February 5, 2024
Unprompted review
Rated 1 out of 5 stars

Wellesley Finance & CVA

Hi all, Like many Wellesley finance investors, I lost money when Wellesley Finance folded and my Property bond was sold to another company (Cloverleaf) via a CVA process. Wellesley Finance invested the money in property (a safe haven, supposedly) and due to Covid, were losing money and had to go into receivership. However this was not all as it appears and the company has seemingly duped many of the Wellesley Finance investors. Property prices during covid continued to rise about 10% per annum. Contruction was back up and running within a few months so Wellesley can't have taken such as massive hit from that as the physical buildings were still being built and sold on. From what i've found out in the last couple of years, Wellesley couldn't afford the repayments for the many investors which was due in October - December 2020, and therefore went into voluntary receivership. The investors lost a lot of their money and Graham Wellesley then founded another company (Cloverleaf) and bought up all the investment bonds at a fraction of the price. Where Graham Wellesley got the money to form this other company (Cloverleaf), I have no clue, if his company Wellesley Finance, supposedly had no money and had to go into receivership. It seems very much like the company was mis-managed very badly. Graham Wellesley also took out over >£1,000,000 loan from Wellesley Finance, which he has not repaid back to the company, insolvancy company or the investors as far as I'm aware. I took all this information and gave it all to the FCA financial regulator, but after having been passed from pillar to post with at least 5 different case agents looking at my complaint over the last 2 years, nothing has happened at all. Wellesley Finance haven't been charged with any financial irregularities and all of the Wellesley investors have lost some of their captial investment when Wellesley Finance went into a CVA and was sold to Cloverleaf. I lost about a third of my capital investment, so not as unlucky as some Wellesley investors, who lost larger sums and have previously commented on this site. Good returns in the first few years drew in many small time investors like myself and many have since been burned by Graham Wellesley and his cronies. Avoid any investments with Graham Wellesley or his subsidury companies, and stick to FCA regulated companies. I can only hope that with enough pressure from frustrated Wellesley Finance investors someone manages to get a break with the FCA and these people get what's coming to them.

January 7, 2023
Unprompted review
Rated 1 out of 5 stars

Should be a no star rating …

Should be a no star rating Still waiting like so 500+ others on our Facebook group Wellesley Investors. Had a email saying I've funds in my holding account. Great locked out my account , still waiting for a password. Not only did they steal my money but they won't let me have the bit that's left.

August 22, 2022
Unprompted review
Rated 1 out of 5 stars

Totally gutted Retirement fund GONE Bunch of Crooks

I invested £5250 as my retirement fund as I thought I would get a good return on it but I lost over £5000 and got around £250 back.
I think they should face criminal charges as it definitely should be illegal what they have done as all I see it as get people to invest then start a CVA so they can keep the money whilst still be allowed to trade making even mor money for themselves and losing other people momey

July 20, 2022
Unprompted review
Rated 1 out of 5 stars

Promised payments still outstanding

The promised payment which should be the final settlement was due on 14/04 /22 but had not been received. Got along email from the administrator trying to explain why. Two weeks have passed and still no more info or payout.

April 27, 2022
Unprompted review
Rated 1 out of 5 stars

Lying cheating

Lying cheating ? get a CVA then sell the assets to themselves at 33% percent of the value Cloverfield Ltd Turnbull&Wellesley And then renage on the deal of the CVA

February 28, 2022
Unprompted review
Rated 1 out of 5 stars

Same old story

Same old story, they partially paid in December 21 and stated the rest would follow on 28th February 2022, but at time of writing no payment.
In my analysis this is a confidence trick, they pay you initially, once they have your confidence then they think they can do what they like.
Finally, I had initially invested this money as a vehicle to fund a lifestyle purchase, Thank god it wasn't my life savings. Please in future do not trust anything which is not FSC covered.

February 28, 2022
Unprompted review
Rated 1 out of 5 stars

Ripped off like so many others

Ripped off like so many others. CVA December payment deadline missed, end February payment deadline missed. Email, no reply. Guess were all supporting Graham Wellesley, 8th Earl Cowley's expensive lifestyle.

February 28, 2022
Unprompted review
Rated 1 out of 5 stars

Same story

Same story. The said December and promised February. Email no reply. I believe the whole thing has been planned. Covid an excuse.

February 23, 2022
Unprompted review

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