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Isle of Man

Isle of Wight


Loan Note 5

Our Fifth Loan Note launched in 2023

  • This Loan note is open for new investments
  • Minimum £50,000
  • More flexible terms 12, 36, 60 or 120 months
  • 8.75% p.a. return on your Investment
  • Please register your interest here
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Over £30 million interest has been paid out to local investors over 10 years through our investment products, fuelling local retail and the local economy. Cherry Godfrey is the company that values you.

Interest due will be calculated based on your preferred Loan Note Period, i.e. 12, 36, 60 or 120 months and, on your preferred interest period, i.e. monthly, quarterly or annually as per the matrix below:

Issue Period Monthly Interest Period Quarterly Interest Period Annual Interest Period
12 months 5.75% per annum 6.00% per annum 6.25% per annum
36 months 6.25% per annum 6.50% per annum 6.75% per annum
60 months 7.25% per annum 7.50% per annum 7.75% per annum
 120 months  8.25% per annum 8.50% per annum 8.75% per annum

 Cherry Godfrey Consumer Funding V Limited is licensed by the Guernsey Financial Services Commission. Registered in Guernsey No 70822. Registered Office: No. 1 Fountain Street St. Peter Port Guernsey GY1 4AQ.

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Frequently Asked Questions

What is the minimum Investment?

£50,000 minimum No Maximum

How is the interest calculated?

Interest calculations are equalised over an assumed 360 day year and a 30 day month.

When will the interest be paid?

If you select Annual Interest: 8.75% of the value of your Loan Notes will be paid no later than fifth working day of the Calendar Year or, If you select Quarterly Interest: Interest will be paid quarterly at an annualised rate of 8.50%. Quarterly payments will be made in four equal amounts no later than fifth working day following each quarter end.

How much interest will be paid?

Interest due will be calculated based on your preferred Loan Note Period, ie 12, 36, 60, or 120 months and, on your preferred interest period, ie monthly, quarterly or annual.

Are there any deductions?

Interest due is paid gross without deduction.

How will the Funds be invested?

The funds will be used to establish a loan portfolio of primarily Channel Island clients and consisting of a large number of small advances. Some advances for similar purposes may be provided to residents of the Isle of Man or other jurisdictions.

Who will own the underlying assets?

Security over all underlying assets, being the Loan agreements and cash reserves, will be secured by way of a Trust Agreement for the benefit of the Loan Note Holders.

How will the security arrangements operate?

Security will be independently audited on a quarterly basis by an external auditor reporting directly to the trustee who is authorised to enforce the security on behalf of loan note holders.

What happens at the end of the Issue Period?

Following the completion of an issue period, ( 12, 36, 60, or 120 months) you may choose to either continue for a further period or, surrender the Loan Note. If you choose to redeem your investment we ask that you complete the enclosed redemption request and return it to the offices of Cherry Godfrey no later than the notice periods below. (i) In the case of Loan Notes with an Issue Period of 12 months, one month; and(ii) In the case of Loan Notes with an Issue Period of 36, 60, or 120 months, six months; We regret that it will not be possible to accommodate requests received after this date.

What happens if I do not withdraw the Funds at the end of an issue period?

Prior to the end of an issue period, you will be advised of the forthcoming date. You will also be advised of the current terms of existing and new issues. Should you fail to either advise us of your preference or to withdraw, your funds will be entered into your chosen issue for a further period.

Will CG issue further Loan Notes?

CG may issue similar Loan Notes in the future to create further finance portfolios. Where possible, existing loan note holders will have priority to invest in these further Notes.

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