In November 2018 I reviewed Adelpha Capital which was offering bonds paying up to 7.6% per year via the company Adelpha Bond plc.
In June 2019 Adelpha Bond plc converted to a private Ltd company. It has now filed accounts up to October 2019 which appear to suggest it has taken no money in and made no trading activity; its accounts show nothing other than the £12,500 in paid share capital it was set up with.
Adelpha Capital’s website remains up, offering loans to small businesses, but any mention of investment offered to the public has been removed.
This would appear to suggest that Adelpha had second thoughts about joining the minibond gold rush, but if any readers know otherwise, let us know.