The House Crowd controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Director loan and governance concerns
Company documentation reportedly raised concerns about an approximately £390,000 loan taken by chief executive Frazer Fearnhead. The loan was described as contrary to the firm's credit policy and as creating a conflict-of-interest matter reportable to the FCA. The issue formed part of wider concerns about governance and the company's ability to satisfy regulatory requirements.
2021
Administration and investor losses
The House Crowd entered administration after loan-book defaults, financial difficulties, and governance problems. The company reportedly owed investors £52.7 million in capital and interest, while poor records and documentation hindered recovery efforts.