Is the prospect of investing in Logbook Loans anything that interests you?
Since this review was first published, Logbook Lending Limited, trading as Logbook Loans 247, entered administration on 1 July 2026.
The company is no longer operating under normal circumstances, and prospective investors should treat the information below as historical context rather than a current investment opportunity.
Existing investors should follow updates from the Joint Administrators.
This review discusses the investment options that were previously offered by Logbook Loans 247.
The company offered pawnbroking contracts and logbook loans in the UK, typically ranging from £500 to £50,000, secured against vehicles and other valuable items. These products were considered high-cost, short-term credit.
Before the company entered administration, there were already reports that Logbook Loans was experiencing delays in repaying some investors, highlighting the risks associated with private loan note investments.
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Ultimately, investing into loan notes always carries big risks, and you could lose all your money.
Getting advice and knowing the positives and negatives of the opportunity can be impactful.
Who is Logbook Loans 247?
Logbook Lending Ltd, which traded as Logbook Loans 247 (and later Logbook Asset Management), entered administration on 1 July 2026.
While the discussion below explains how its loan note investments were structured, the company is no longer operating as an active investment provider.
What happened to Logbook Lending?
The company is now subject to administration proceedings overseen by Joint Administrators from BTG Advisory.
This means the company's affairs are now being managed through the UK insolvency process.
Investors should monitor communications from the administrators regarding claims, recoveries and distributions, as repayment outcomes depend on the assets available and the priority of creditors.
Logbook Loans Investment Opportunities
At the time these notes were marketed, Logbook Lending offered secured loan notes to eligible investors.
The notes were backed by a debenture over the company's current and future assets and rights. However, as with many unlisted loan note investments, this security did not eliminate the risk of investor losses if the issuer became insolvent.
The company issued both transferable and non-transferable loan notes, with issuance limits of £7 million and £20 million, respectively.
However, following the company's entry into administration, these investments should no longer be viewed as available investment opportunities.
Related content: Logbook Loans Review
Logbook Loan 2-Year Notes
Over the course of two years, investors can earn 10% interest on their Logbook Lending Ltd loan note if they want to get their payments every three months. Alternately, investors can choose to collect their interest upon maturity, with an annual return of 11%.
3-Year Notes
For a three-year investment, the notes offer an annual yield of 11% if the coupon is received quarterly. The loan notes offer 12% interest if investors opt to receive their payment upon maturity.
Is there a minimum to invest in the secured notes?
The minimum investment is 10,000 in pounds, US dollars, or euros.
Who can invest in the loan notes?
- Asset managers
- High-net-worth individuals
- Portfolio managers
- Family offices
- Sophisticated investors
Pros and cons of investing in Logbook Loans secured notes
Advantages of logbook loans secured notes
- Can diversify investments
- Given the current payment delays the positives are now pretty small.
Risks of logbook loans secured notes
Reports of repayment delays were eventually followed by the company's administration, illustrating one of the principal risks of investing in unlisted loan notes.
Even where investments are described as secured, investors may still face substantial losses or delays if the issuer becomes insolvent.
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Investors risk losing money if borrowers default, particularly if the value of the collateral is insufficient to cover the outstanding loan.
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It could be challenging to swiftly or at a fair market value dispose these investments due to low liquidity.
- There is no assurance that the Notes will be fully repaid just because the debenture is there, so investors should be aware that their money is at risk.
Final Thoughts
The subsequent administration of Logbook Lending Limited reinforces the risks associated with high-yield private loan notes.
Investors should carefully assess issuer creditworthiness, liquidity, regulatory protections and insolvency risk before investing in similar products.