Don't invest unless you are prepared to lose all the money you invest. These are high-risk investments and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Don't invest unless you are prepared to lose all the money you invest. These are high-risk investments and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
2005
Downing has been investing in the pub sector since 2005.
£326m
£326m deployed into the hospitality sector through Downing funds.
Why we invest in pubs
There are currently c.50,000 pubs in the UK contributing towards a market worth c.£26 billion per annum. Pubs continue to be a resilient area of consumer spending during economic cycles, generating consistent cash flow through food and drink sales. This has led to a particularly buoyant market, with a consistent flow of successful pub redevelopments - a reassuring prospect for investors seeking stable returns on their investments.
Downing’s specialist investment team has invested in the pub sector for almost two decades. Throughout this period, the team has built strong relationships within the industry – working with high-quality operators and partners to acquire and develop pubs that provide attractive asset-backed opportunities for investors.
Note that some of these bonds might be restricted to High Net Worth Individuals, Sophisticated and Professional investors only.
As with all investments, investing in a Pub Bond has risks you should be aware of and comfortable with before you invest.
Capital is at risk – A company that issues a bond may not be able to repay the Bond and interest due at the end of the term. Should the portfolio perform poorly it may not attract buyers or not provide sufficient income to allow for the company to refinance and exit Bondholders.
We recommend you spread your funds across a number of investments to diversify risk and not place too much capital in any single Bond.
The Financial Services Compensation Scheme (FSCS) for deposits does not apply to Downing Bonds. There may be circumstances in which investors can claim up to £85,000 of compensation where Downing LLP is unable or unlikely to honour legally enforceable obligations against it (e.g. claims for fraud or misrepresentation). However, investors cannot claim under the FSCS simply because a bond fails to repay capital or pay interest.
For a full list of risks please see here.
The team is led by Mark Gross - a Partner at Downing LLP. With over 18 years of private equity experience, he has originated, transacted and managed over £1 billion of equity and debt capital. Since joining Downing in June 2014, Mark has worked across a number of sectors, including pubs and has been spearheading the expansion of the wider development capital team.
He has experience investing in private and quoted companies with knowledge of operating businesses and real estate investment. Mark joined Downing from the UK mid-market private equity firm Caird Capital LLP. Prior to that, he performed principal investment and leveraged finance roles at Bank of Scotland.
The Financial Conduct Authority (FCA) has restricted the promotion of some Bonds to restricted investors from 1 January 2020.
These rules apply only to what the FCA term 'speculative illiquid securities' (SIS). This basically means unlisted debentures or preference shares issued by a company that then uses the funds raised to lend to or invest in other companies or to purchase or develop property that is not for its own use.
Some of our Pub Bonds could be classed as speculative illiquid securities and will therefore be restricted to High Net Worth, Sophisticated and Professional Investors only. Once you log in to your account, you will be able to see those Bonds that are available to you.
You can find out more about the FCA ruling here.
To see what Bonds are currently on offer please log in to your account, or if you are not yet a member of the Downing Bond platform you can sign up here.
If you need any help or more information you can email us at crowdfunding@downing.co.uk, submit a ticket using the blue support button or give us a call on 020 7416 7780.
Reservations are not binding. Minimum amount is and maximum amount is
We have closed reservations for this investment. However, we can notify you when the bond is open for investment (there will be limited additional capacity).