Wonga’s Amazing Big Cats Homes Triple Profits With 4,000 Pc Payday Loans

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Fishing lakes, hot tubs, tennis courts and BMWs in the drive … the amazing houses of Wonga’s big cats tripling their profits with enticing 4,000% payday loans

  • Wonga founders Errol Damelin and Jonty Hurwitz live in amazing homes
  • Hurwitz, 43, lives in a £ 2million house in West Sussex with a fishing lake and hot tub
  • Damelin, 42, has a six-bedroom house in north London with four bathrooms
  • The chairman of one of Wonga’s biggest shareholders owns £ 6.5million in London
  • Adrian Beecroft also owns a £ 2.75million London home and Oxfordshire castle

With recent revelations that their company’s profits tripled to over £ 45million last year, it’s clearly no surprise that these men are living in luxury.

Errol Damelin and Jonty Hurwitz, founders of the Wonga payday loan company, live in a beautiful six bedroom house in North London and Five-bedroom house in West Sussex for £ 2million respectively.

Mr Hurwitz, 43, who left his post of technical director last November to invest in the sciences and the arts but still sits on the board of directors, lives in a house with its own fishing lake, bath in whirlpool and its tennis court.

Base: Jonty Hurwitz, 43, who stepped down as technical director at Wonga last November but still sits on the board, lives in a West Sussex house with its own fishing lake, hot tub and his tennis court

In 2002 Errol Damelin and his family moved into a six bedroom house they bought for £ 580,000 in North London.  It's worth more than double today

In 2002 Errol Damelin and his family moved into a six bedroom house they bought for £ 580,000 in North London. It’s worth more than double today

Managing director Mr Damelin, 42, who reportedly earned £ 1.6million last year, lives in the six-bedroom, four-bathroom house and has a BMW X5 parked in the driveway, has reported the Sun.

Wonga, which sponsors Blackpool Football Club, has grown tremendously to around £ 384million, with an astonishing representative annual percentage rate on loans of 4.214%.

Meanwhile, the chairman of Dawn Capital, one of Wonga’s biggest shareholders, is Adrian Beecroft, and he lives in a £ 6.5million house in North London. But that’s not the only amazing house he owns.

Additionally, the 65-year-old venture capitalist and Conservative Party donor owns a lavish £ 2.75million five-bedroom townhouse, also in north London, and even a castle in Oxfordshire. , reported the Sun.

Lots of money: Errol Damelin and Jonty Hurwitz (pictured) are the two founders of the payday loan company Wonga

Lots of money: Errol Damelin and Jonty Hurwitz (pictured) are the two founders of the payday loan company Wonga

Base: The headquarters of the company, which has made four million loans worth £ 1 billion, is in an impressive Georgian townhouse in an upscale central London area that borders Regent's Park.

Base: The headquarters of the company, which has made four million loans worth £ 1 billion, is in an impressive Georgian townhouse in an upscale central London area that borders Regent’s Park.

The headquarters of the company, which has made four million loans worth £ 1 billion, is in an impressive Georgian townhouse in an upscale area of ​​central London that borders Regent’s Park.

“Anyone who thinks the big profits reported by Wonga this week are a sign of a healthy UK market needs a heads up.”

Stella Creasy MP

A spokesperson for Wonga said its success was due to “a very high level of customer satisfaction and low arrears rates among the best in the industry” and that the company was making “very careful lending decisions. “.

He added that he always checks that clients have “full bank accounts, regular income and access to a range of credit providers” and that he is proud to “build a UK business success”.

But Shadow Home Secretary Stella Creasy MP told The Sun: “Anyone who thinks the big profits announced by Wonga this week are a sign of a healthy UK market needs a heads-up.”

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