Whilst the cost of borrowing is very high, the process of raising funds was very straight forward and efficient.Post investment the team have been helpful and supportive.

Great team to work with. Professional and experienced staff who really take time to understand your business. Highly recommend.

Great to work with!

Lost a lot of money with them

Thin cats have now lost over £23k of my investments over the last 3 years. They have refused to accept any liability and even apologise. They refuse to accept any liability for their due diligence which always claimed that the loans were backed by assets in excess of the loans and which could be used to pursue either them or their backers in the face of default. None of this has happened and their recovery team send out endless statements about problems., lack of progress and future hopes but no money is forthcoming . I want to make a c formal complaint but do not know who to complain to and they will not send me the relevant details. Anyone else in the same boat can you please advise. Also is there anyone else who has been ripped off who would like to join with me in trying to pursue this bunch of crooks

So far lost into 5 figures and counting. Was encouraged at the outset to spread risk and invest smaller amounts across more loans... How is it taking the more conservative route you end up losing 20% of your cash and counting.. Very surprised no class action has been brought against them by a group of investors. Thincats - hang your heads in shame!!!

Have made very bad returns on this platform and feel generally that I did not end up with what I expected. I heard they are closing down now and, personally, I would not invest in any platform that the founders create afterwards.

Fortunately Thincats are no longer going to be working with the retail sector , unfortunately they have left a catalogue of mess and negligence. I wonder how much they are actually bothered about sorting these recoveries out ? or will these just get forgotten about while the chase institutional investment ?

The Thin Cats team worked hard to understand the business and we really feel we have the right partner for the long-term. They are also really nice people.

My business has been using the ThinCats platform for 6 years. At an important time when banks were not providing any support for SMEs even though their advertising said otherwise - what a surprise - we looked for a serious, professional and well sponsored Peer to Peer lending setup and ThinCats was highly recommended to me a major law firm. P2P as a concept was and continues to be the lifeblood for small businesses looking to grow, without losing ownership and control. My sector is television sales & production and through the wonderful, over 150 P2P lenders who continually supported all of our loans from the beginning in 2014, which provided the production costs for programmes, due to the TV and SVOD services long term payment terms, often 3-6-12-18 months after completion (Netflix have a 36 month payment term btw) so these nameless individuals supported us, saw our work, and helped me build the company's library of fully owned IP and programmes, and increase the overall value of the business. Many programmes you see on TV are either made by the BBC, ITV or independent co. who are fully funded - but keep no rights. Our goal was long term ownership of programmes which we would be able to licence globally far into the future. So,we secure pre-sales from established channels and SVOD services which means the production cost is contractually covered but the payment was due on delivery. The return for the lenders was very good 8-10% and the ability for us to fund our production cost was worth this cost. So everyone was happy. I suppose with any business there is always potential for things not to work. If you lend to get 8% return and there was 0 risk then everyone would do it. If you put your money into a bank the return will be negligible as interest rates shrink, or stocks and shares there is risk. There will always be failures. But from my perspective as a borrower which I provide everything I own as a guarantee, ThinCats & ESF and our sponsor F&P have been creative, knowledgeable and supportive whilst at the same time scrutinising every aspect of our business and requiring detailed monthly reports - sometimes I feel like I am listed company with the detailed levels of paperwork work and loan covenants. But finally, this is good practice for both sides to have this scrutiny as it encourages good long term planning. I continue to work with them. I hope to do more in the future. Thank you, CEO 3DD Entertainment

Was OK but not anymore. Already lost money as loan defaulted and face losing another £4500. Have sold all loans I could and withdraw repayments. Moved them to Assetz capital where they deal with any defaults openly and fairly. I have yet to lose money with them.

i have been investing with thincats for over 6 years. Until ESF took over they were good value, local and very responsive. Now i am looking at losses of £4-8k on investments of £30k. When i contacted them recently they refuse to accept that either they have not had due diligence over loans and / or they are useless at recovering assets. I have now been told that only £2k of my investments can be sold on the secondary market as the rest are in some difficulties. Is there a way that we investors can take ESF to court or get the financial ombudsman to take on the case.

Watch out for high rates of interest BUT very high loan failure rate Poor due diligence Much of the security is difficult to enforce Some loan prospectus provide an incomplete / inaccurate picture of risk They have had a large number of big loan failures overall negative returns

I too have been with Thincats since 2012. They used to be a seriously good investment platform. While there were inevitably failures, they were managable and even with write-offs, was averaging 8% p.a.. However, Thincats were taken over a couple of years ago and since then, the level of defaults have gone through the roof. Last tax year I took a 4 figure loss on my investments. Very disenchanted. I question the quality of their due diligence.

Thincats are a dishonest and immoral organization. I do not write these comments without thought, having been an investor with them since August of 2012.

Possibly the best P2P platform in the UK so far. Unsecured loans to business are a minefield at best, but TC has managed to provide with very good returns (around 8% in my case) year after year after year. Their platform sucks, but they are a very good investment. Not sure what to make of their new owners ESF, but we'll have to wait and see.