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At Growth Street we offer UK businesses a safe, fast and flexible alternative to the increasingly unaccessible bank overdraft.
We accept applications from all UK limited companies. Sign up to get in touch with us. If your business is 2 years or older and has a turnover between £500k and £8m you can apply and get an offer within 3 business days.
Alternatively you can give us a call at 020 3318 2270 or drop us an email. We excited about talking to any business looking to manage their cashflow, raise working capital or start a growth project.
We see that many growing businesses need flexibility to manage their cashflow. Whether it's managing the seasonal cycle of business or balancing income against expenses, managing cashflow can take a lot of time, focus and energy. Often balancing the books means delaying payments, leaning on suppliers or juggling costs, which can suck up your time, put pressure on your supplier relationships and generally make businesses less efficient. The Growth Street overdraft is the simplest tool available to combat these problems. Companies can dip in and out of them when needed, providing vital flexibility to their cash management headache.
Historically banks were the main source of overdrafts, but in recent years they have become less willing to provide them. Many borrowers that would have historically sought finance from banks are now turning to alternative providers like Growth Street, as NESTA and Cambridge University concluded in their recent report. /* Style Definitions */table.MsoNormalTable {mso-style-name:'Table Normal' mso-tstyle-rowband-size:0 mso-tstyle-colband-size:0 mso-style-noshow:yes mso-style-priority:99 mso-style-parent:' mso-padding-alt:0cm 5.4pt 0cm 5.4pt mso-para-margin:0cm mso-para-margin-bottom:.0001pt mso-pagination:widow-orphan font-size:12.0pt font-family:Cambria mso-ascii-font-family:Cambria mso-ascii-theme-font:minor-latin mso-hansi-font-family:Cambria mso-hansi-theme-font:minor-latin}
published on 16 December 2019 by growthstreet.co.uk
A deeper dive into growthstreet.co.uk
Common questions asked about www.growthstreet.co.uk
1. What happened to Growth Street and its services?
Growth Street has concluded the redemption of its platform investors and has cancelled its FCA permissions. The company has entered liquidation, except for Growth Street Provision Limited which continues to operate and collect remaining amounts from borrowers. This means that the services provided by Growth Street are no longer available, except for existing borrowers who can still contact their Relationship Manager for any questions or concerns.
2. How does the liquidation of Growth Street affect borrowers?
The liquidation of Growth Street does not impact existing borrowers. Growth Street Provision Limited, which is still operational, will continue to collect remaining amounts from borrowers. If you are a borrower and have any questions or need assistance, you can contact your Relationship Manager at 0808 123 1231.
3. Who should I contact for non-borrower related queries?
For any non-borrower related queries, you should contact the liquidators of Growth Street Holdings Limited, Growth Street Limited, and Growth Street Exchange Limited. They will be able to assist you with any questions or concerns you may have.
4. Why did Growth Street enter liquidation?
Growth Street entered liquidation after completing its solvent wind down. This decision was made after repaying 100% of peer-to-peer (P2P) investor funds and undergoing a successful recovery process. The company's liquidation is a result of its strategic plan and does not affect existing borrowers or their agreements with Growth Street Provision Limited.
5. What was Growth Street's mission and history?
Growth Street was launched in 2015 with the mission to support SMEs in the UK by providing them with access to finance. It became a key platform for P2P investors after receiving full authorization from the FCA in 2018. The company gained strong traction by 2019, successfully funding numerous SMEs and demonstrating the strength of its platform and borrower base. However, due to its strategic plan, Growth Street has now entered liquidation.
Some reasons to choose growthstreet.co.uk
Growth Street repays investors in full
Growth Street has successfully completed the redemption of its platform investors, returning 100% of peer-to-peer (P2P) investor funds. This demonstrates the company's commitment to fulfilling its financial obligations and providing a reliable investment opportunity.
Successful recovery process
Growth Street's highly successful recovery process showcases the platform's ability to navigate challenging economic conditions and support its borrower base. This resilience is a testament to the company's strong risk management strategies and dedication to maintaining a stable lending environment.
Support for SMEs
Growth Street was established in 2015 with the mission to support small and medium-sized enterprises (SMEs) in the UK. By providing accessible and flexible finance options, the company plays a crucial role in helping SMEs overcome the challenges of obtaining funding, contributing to the growth and success of these businesses.
FCA authorization
In 2018, Growth Street obtained full authorization from the Financial Conduct Authority (FCA), solidifying its position as a trusted and regulated platform for peer-to-peer investors. This authorization demonstrates the company's commitment to operating within the regulatory framework and providing a secure investment environment.
Strong traction and funding
By 2019, Growth Street had gained significant traction in the market, successfully funding over [insert specific number] businesses. This achievement highlights the company's ability to attract borrowers and meet their financing needs, further establishing its reputation as a reliable and effective lending platform.
UK (London) based business - established in 2013 - providing financial services for businesses. Website includes details of services provided, FAQs, testimonials, terms of use & privacy policy, application forms, associations, full contact details including company registration number.
b2blistings.org reviewer Signals of trust found on website
Testimonials found
Full company contact address and
phone number found
"Happy investor for more than 4 months. Interest rate as advertised paid on monthly basis, appropriately sized Loan Loss Provision funds and simple interface.
Haven't tried the ISA bond yet as it requires 12m commitment."
"Very pleased with product and service..."
"I opened a business account with Growth Street some time ago and have found it easier to understand and manage than other peer-to-peer lenders. Indeed, I opened a personal account this year. The process was even easier, and I started earning interest within days."
"Transferred from a cash I.S.A to the I.F.I.S.A which was simple and straight forward to do. Only been going for three months, however, so far so good. No complaints."