Prosper Capital LLP enters voluntary liquidation
Prosper Capital LLP entered creditors' voluntary liquidation on June 1, 2026, with Jeremy Karr and Simon Killick appointed as joint liquidators. The FCA-authorised firm was an alternative investment fund manager and responsible for its appointed representative, Crowd2Let Capital Limited.
Firm ceases trading after FOS complaints
Prosper Capital LLP ceased trading after the Financial Ombudsman Service (FOS) upheld complaints regarding property investments made through its appointed representative, Crowd2Let Capital Limited.
Having assessed its financial standing and received professional insolvency advice, Prosper's designated members initiated creditors' voluntary liquidation on June 1, 2026.
The Financial Services Compensation Scheme (FSCS) is now accepting claims related to Prosper's activities concerning Crowd2Let.
The FSCS, which protects consumers when financial services firms fail, is currently investigating claims to determine eligibility for compensation, with eligible customers potentially receiving up to £85,000.
Guidance for customers and claimants
Customers with claims or existing complaints against Prosper Capital LLP should contact the joint liquidators, Jeremy Karr and Simon Killick, for further details.
Contact information includes email at [email protected], telephone at 020 7516 1500, or mail to BTG Begbies Traynor, One Canada Square, London E14 5AB.
The FCA maintains supervisory oversight of Prosper, which remains an authorised firm, though its application to cancel authorisation is under review.
The FCA does not regulate the insolvency process itself; liquidators are governed by insolvency law and ICAEW.
Customers are advised to be alert to scams, especially unsolicited contact from parties claiming to represent the firm or liquidators.
Supervision under the spotlight
The liquidation of an FCA-authorised firm following upheld FOS complaints highlights ongoing challenges in supervising complex financial structures like appointed representatives.
While the FCA maintains oversight of the firm's authorisation status, this failure underscores the need for robust preventative measures.
For consumers, the FSCS offers a safety net, yet navigating the process remains complex and potentially costly.