Frequently Asked Questions
Founded in 2017, PES is the part of the Platinum Assets Ltd. Group that specialises in delivering renewable energy projects across the UK. Specifically, we build peaking gas power plant projects that maintain a constant supply of renewable energy to the National Grid.
Our Chairman is Tony Hughes, and our Directors are William Jackson, Fenella Gavin, and Peter Eagle. We are an industry leading team of experts with a proud record of delivering superb, high-value projects – always on time, and always in budget.
To learn more about Platinum Assets, visit our website.
A loan note is a legally binding agreement which evidences the existence of a debt between the lender (the noteholder) and the borrower (the loan note issuer). It defines the loan amount, repayment terms and applicable dates.
Loan notes are not protected by the Financial Services Compensation Scheme. While safeguards are in place, the FCA is very clear that every investor should be aware that their capital is at risk.
With the Platinum Energy Loan Note, security of investment is derived from the assets held by Platinum Energy and the Platinum Assets Ltd. Group. Moreover, our security trustee, Castle Trust, holds debenture over all assets in the interest of our investors, should the company liquidate.
The PES Loan Note is only open to high net worth and sophisticated investors, who fall within one of the following categories:
(i) certified high net worth investors (as per COBS 4.7.9R);
(ii) certified sophisticated investors (as per COBS 4.7.9R);
(iii) certified restricted investors (as per COBS 4.7.10R)
Company investments and joint applications are also welcome. We recommend all investors speak to an advisor who is authorised under the Financial Services and Markets Act 2000 and specialises in investments of this kind.
To learn if you qualify to invest in the Platinum Energy Loan Note, please contact us on email@example.com.
Yes. You have a 14 day ‘cooling off period’ upon signing your application. After that, the application is irrevocable.
No, all Loan Notes are non-transferrable.
As mentioned, it will first need to be established that you are a high net worth or sophisticated investor in order to apply for our Loan Note.
In order to run an AML check on an individual Platinum Assets will require a form of photographic identification, such as passport or driving license, as well as proof of current address (for example, a utility bill, council tax, bank statement, etc.)
Interest is calculated from the date of investment that the loan note issuer receives the funds and issues the investment certificate.
In the event of a death, the sum due becomes part of the noteholder’s estate. They will be paid out on the next 12-month anniversary of the loan note, subject to receipt of a valid death certificate and deed of probate.
Absolutely, Platinum wholly recommends that all investors speak to an adviser who is authorised under the Financial Services and Markets Act 2000 and specialises in investments of this kind.
Unlike many loan notes of its kind, our investment opportunity comes with a ready-made exit strategy that provides an essential financial safety net for ourselves, as well as your funds.
There is already an agreement in place with current and future projects with YU Energy PLC to purchase the electricity created by the projects. 4000 homes could be powered by a 20MW Gas Peaking plant, such as Southbrook.
Loan notes issued through Platinum Energy Solutions Ltd. are used to fund the purchase, build the completion of renewable energy power plants, as well as prospecting new, profitable, renewable energy projects.
Platinum Energy seeks secure, profitable projects with minimal risk to ourselves and our investors.
However, we are aware that even the best laid plans cannot account for the uncertainty of our world. This is why each of our projects contains a contingency plan to allow for delays (for example, construction issues due to weather, or delayed service due to a national pandemic).
Take, for example, our renewable gas peaking plant project in Southbrook; the project is currently scheduled to finish on time (within 12 months of build start). However, there is a 6 month extension period added into this, in case (for reasons outside our control) the project is delayed.
The mechanical provider for the project, Cummins, is also classed as an essential company and has not/will not shut down among the closures of other companies during COVID 19. This ensures that the project will be completed on time.
Once your funds have been received, you will be sent copies (and originals) of your legal documentation regarding the investment, as well as when & what our interest repayment schedule will look like.
Our investors are also kept up to date on the projects their investment is funding, including monthly newsletters, project specific updates, and any other relevant information.