Prosper Capital LLP Initiates Creditors' Voluntary Liquidation

As of 1 June 2026, Prosper Capital LLP has entered into creditors' voluntary liquidation, with Jeremy Karr and Simon Killick from BTG Begbies Traynor (Central) LLP appointed as joint liquidators. Licensed by the Financial Conduct Authority (FCA) with reference number 453007, Prosper was engaged in managing alternative investment funds and facilitating investments. They have applied to cancel their FCA authorization, pending review. Furthermore, Prosper oversaw its appointed representative, Crowd2Let Capital Limited.

Impact on Customers and Complaint Process

Customers who have complaints against Prosper Capital LLP are advised to reach out to the joint liquidators. Those holding existing claims or wishing to lodge new ones should also contact the liquidators directly. Here are the ways to reach out:

• Email: [email protected]
• Telephone: 020 7516 1500
• Postal Address: BTG Begbies Traynor, Level 33, One Canada Square, London E14 5AB

Reasons Behind the Liquidation

The Financial Ombudsman Service found merit in several complaints related to real estate investments administered through Crowd2Let, an appointed representative of Prosper. Faced with these financial challenges, Prosper ceased operations and its designated members moved to initiate voluntary liquidation proceedings.

FCA's Involvement and Oversight

While Prosper Capital LLP remains authorized by the FCA, the liquidation process itself is outside the direct control of the regulator. The application to revoke Prosper's authorization awaits FCA evaluation. The joint liquidators themselves operate under the jurisdiction of the Institute of Chartered Accountants in England & Wales and adhere to insolvency laws, being accountable to the courts.

Warning Against Potential Scams

Clients should remain vigilant against fraudulent activities, especially any unsolicited communications claiming to represent either Prosper or BTG Begbies Traynor. Verify any such claims by contacting the joint liquidators using the official contact details provided earlier. Protecting against scams is crucial during such transitions.

Next Steps for Affected Parties

Customers impacted by Prosper's liquidation are encouraged to act promptly if they believe they have claimable assets or unresolved grievances. They should contact the joint liquidators to clarify potential outcomes and ensure their interests are addressed appropriately.