These terms govern your use of Little Brick Capital's services. Please read them carefully before investing. By using our services, you agree to be bound by these terms.
Non-Regulated Investment
Little Brick Capital Limited is not authorised or regulated by the Financial Conduct Authority (FCA). LEGO sets are tangible collectibles, not regulated financial instruments, and our services do not constitute a regulated financial product. As a result, your purchases are not covered by the Financial Services Compensation Scheme (FSCS), and disputes are not within the jurisdiction of the Financial Ombudsman Service (FOS).
Investment Risk Warning
The value of LEGO sets can go down as well as up. Past performance is not a reliable indicator of future results. You may not get back the amount you invest. This investment is only suitable for investors who understand and can bear these risks.
No Financial Advice
We do not provide financial, investment, tax, or legal advice. Information provided is for educational purposes only. You should seek independent professional advice before making any investment decision.
By accessing or using the services of Little Brick Capital Limited ("Company", "we", "us", "our"), you agree to be bound by these Terms and Conditions ("Terms"). If you disagree with any part of these terms, you may not access our services.
These Terms constitute a legally binding agreement between you and Little Brick Capital Limited, a company registered in England and Wales.
To use our services, you must:
We reserve the right to refuse service to anyone for any lawful reason at any time.
Little Brick Capital provides:
You retain full legal and beneficial ownership of all LEGO sets purchased on your behalf. We act as your agent for sourcing, purchasing, storing, and managing your collection. Sets purchased on your behalf using your funds may be sourced from third-party sellers, or from sets we already hold in our own stock, in each case selected by us in accordance with our investment strategy. Physical delivery of your sets is available subject to clause 4.4.
All LEGO sets are held individually for each client. We do not offer shared ownership, pooled investment structures, or any form of collective or fractional ownership. Each client retains full legal title to the sets allocated to them.
We do not:
A 5% setup fee is charged on the total invested capital. This covers portfolio design, sourcing strategy, market analysis, and the operational work involved in identifying and acquiring investment-grade sets. The setup fee is deducted before portfolio construction begins and is non-refundable once acquisition has commenced. No ongoing management fees apply, and no other fees are charged beyond those expressly stated in this agreement. We may receive standard commercial benefits from third-party service providers we use (such as couriers or marketplaces), but these have no impact on the fees you pay.
5% of the invested capital (separate to the Setup Fee) is allocated at the outset to storage, handling, and insurance for your sets while in our custody, subject to the terms of our insurance policy and the limits and exclusions set out in clause 9. These costs are covered from that allocation and will vary depending on portfolio size and valuation. Once this allocation is used, continued storage and insurance will be charged at the prevailing rate. You will be notified in advance before any renewal or top-up is required. See clause 5 for further details.
The capital available for set acquisition will equal the amount you transfer less the Setup Fee and the Storage & Insurance Fee.
By transferring funds to us, you authorise us to select, acquire, and manage sets on your behalf in accordance with our investment strategy, without requiring prior approval for individual purchases. You acknowledge that acquisition decisions, including the payment of premiums (which may include reasonable third-party sourcing fees) when necessary to secure sets that are either subject to purchase limits, soon-to-retire, or otherwise difficult-to-obtain, are made using our commercially reasonable judgement based on prevailing market conditions and historical performance data at the time of purchase. You also authorise us to allocate a reasonable portion of the funds towards taking delivery of the sets, as required.
Each set added to your portfolio is assigned a credited value representing the portion of your invested capital allocated to that set at the time of acquisition. Each set is credited at no less than the UK Recommended Retail Price (RRP) as published by the LEGO Group for the set at launch. Where the prevailing fair market value exceeds RRP, the higher fair market value is used. Fair market value is determined primarily using recent sold prices from reputable secondary-market platforms, supplemented by current listing data where appropriate. We may also take into account supply shortages, out-of-stock conditions, upcoming retirements, regional pricing differences, and other market factors that materially affect current demand. Where we acquire a set, or have previously acquired a set, at a cost below its credited value at the time of allocation to you, we retain the difference as our sourcing margin.
When market conditions require payment of a premium to secure sets that are either subject to purchase limits, soon-to-retire, or otherwise difficult-to-obtain, the credited value will be the actual acquisition cost (which may include the premium paid and reasonable third-party sourcing fees).
You may request liquidation of your portfolio only after the sourcing period has been completed. The sourcing period begins once your funds have been received and covers the time during which we source and purchase LEGO sets on your behalf.
The sourcing period is aligned with LEGO release and retirement cycles to allow for disciplined acquisition and proper portfolio construction. Depending on the time of year and market conditions, sourcing may complete earlier; however, we allow for a sourcing period of up to 12 months to ensure access to appropriate sets and favourable entry opportunities. We will notify you once sourcing is complete and liquidation becomes available.
Where we manage the resale, we will handle sourcing of buyers, pricing, negotiation, packaging, and dispatch. A 10% liquidation fee is charged on the gross sale proceeds. Shipping and any third-party platform fees may also be deducted where applicable.
If you prefer to receive your LEGO sets directly and arrange your own resale, we will arrange dispatch to you. In this case, you will be responsible for all shipping costs, insurance in transit, and our reasonable handling and fulfilment fees covering the careful packing, preparation, and processing of your items for delivery.
Sale timelines depend on market demand, condition of the sets, and prevailing resale platform activity. We do not guarantee sale prices or sale timeframes, and you acknowledge that the resale market may fluctuate.
For operational and insurance reasons, we do not offer retrieval of individual sets from storage. Physical delivery is only available as part of a full portfolio liquidation.
The minimum initial investment is £25,000. We reserve the right to modify minimum investment thresholds at our discretion.
To secure the best selection, we begin sourcing as soon as your investment is confirmed and your funds are received. Once sourcing begins, your purchase instruction becomes irrevocable. The setup fee, storage fee, and any acquisition costs already incurred are non-refundable. Sets are purchased on your behalf in accordance with our investment strategy, and legal ownership passes to you at the point of purchase (whether sourced from a third-party seller or allocated from our existing stock). No refunds will be given for the setup fee, storage fee, or any LEGO sets purchased on your behalf.
Under the Consumer Contracts Regulations 2013, you normally have 14 days to change your mind about an online purchase. Because we begin sourcing immediately with your express permission, and because your portfolio is made up of personalised selections of LEGO sets curated for you, you will be asked at onboarding to confirm that you give us express permission to begin work straight away, and that your cancellation right ends once we have purchased or allocated the first set to your portfolio. If you cancel before the first set is purchased or allocated, the setup fee is non-refundable in accordance with clause 4.1.
Your LEGO sets are held at one or more secure storage facilities in the United Kingdom selected by us. For security reasons, clients do not have direct or unaccompanied access to our facilities. We are, however, happy to arrange supervised visits by appointment (minimum 14 days' notice required). A member of the Little Brick Capital team or authorised representative will accompany you throughout. Photography is permitted; handling of sets can be arranged in advance where practical.
The initial five per cent (5%) allocation taken at the time of purchase is applied towards ongoing storage and insurance costs for your LEGO sets. When these funds are nearing depletion (typically after several years), we will notify you that a top-up is required to maintain continued storage and insurance cover. If you do not pay any requested top-up or other ongoing charges within fourteen (14) days of the due date, we may suspend all services and restrict access to your portfolio until payment is received. Interest will accrue on any overdue amount at a rate of four per cent (4%) per annum above the Bank of England base rate, calculated daily from the due date until payment is received in full.
We have a contractual lien over all LEGO sets held on your behalf. This means we may retain possession of the sets until all outstanding sums (including any interest, fees, and charges) have been paid in full.
If any amount remains unpaid for more than sixty (60) days after we give you written notice, we may, acting reasonably, sell some or all of the LEGO sets held on your behalf at the best price reasonably obtainable in the circumstances.
We may deduct from the sale proceeds:
Any remaining balance after the deductions in clause 5.5 will be credited to your account or returned to you. If the sale proceeds are insufficient to clear the outstanding balance, you remain liable for the shortfall.
As a client, you agree to:
All content on our website, including text, graphics, logos, images, software, and compilation thereof, is the property of Little Brick Capital or its licensors and is protected by copyright, trademark, and other intellectual property laws.
LEGO® is a trademark of the LEGO Group of companies which does not sponsor, authorise, or endorse this site or our services. We are an independent company with no affiliation to the LEGO Group.
We grant you a limited, non-exclusive, non-transferable licence to access and use our website for personal, non-commercial purposes in accordance with these Terms.
Investing in LEGO sets involves substantial risk. You should carefully consider whether this investment is suitable for you in light of your financial circumstances.
Key Risks Include:
The sale of collectibles may give rise to tax liabilities, including Capital Gains Tax, depending on your personal circumstances. We do not provide tax advice. You are responsible for assessing and meeting any tax obligations and should seek guidance from a qualified tax adviser if required.
Save for any warranties or conditions implied by law that cannot be excluded, the services are provided on an "as is" basis and we make no other warranties, express or implied, in relation to the services.
While we take all reasonable care to source LEGO sets from reputable sellers and to verify their authenticity using industry-standard methods, we cannot give any warranty (express or implied) that any set is 100% free from counterfeit elements. You accept that, due to the fact that sets remain sealed for many years, there is always a small residual risk of inauthenticity.
We accept liability to you for physical loss of or damage to your LEGO sets occurring while they are in our custody (as defined in clause 9.8), subject to the exclusions in clause 9.4. We maintain insurance covering this liability, and our liability to you under this clause shall not exceed the applicable limits of our insurance policy in respect of the relevant loss. In the event of a covered loss, the basis of valuation will be the market replacement value of the set at the date of the loss.
The following events are among those excluded from our liability under clause 9.3:
(a) any failure, delay, loss or damage resulting from any cause beyond our reasonable control, including (but not limited to) war, terrorism, nuclear incident, pandemic, riot, or other events universally recognised as force majeure;
(b) any loss or damage caused by vermin, pests, insects, mould, damp, moisture, condensation, natural breakdown of materials over time, or normal wear and tear; and
(c) any loss or damage falling within any exclusion in our insurance policy.
We shall not be liable for any of the following, howsoever arising (whether in contract, tort, negligence, breach of statutory duty, or otherwise), even if such loss was foreseeable or we had been advised of the possibility:
You acknowledge that LEGO set values may go down as well as up and that past performance is not a reliable indicator of future results. We do not guarantee any particular return on investment. You accept that the selection of LEGO sets is made at our discretion based on our assessment of market conditions and investment potential at the time of purchase, and we shall not be liable for any loss arising from sets failing to appreciate in value, performing below expectations, or from any information, guidance, or recommendations we provide in connection with the services.
Subject to clause 9.7, our total aggregate liability to you for any claim not within our liability under clause 9.3 shall not exceed the total fees you have paid to us in the twelve (12) months preceding the date on which the claim arose. This cap applies whether the claim arises in contract, tort (including negligence), breach of statutory duty, or otherwise.
Nothing in this clause 9 excludes or limits our liability for:
This clause sets out when our liability under clause 9.3 begins and ends in respect of any set we hold on your behalf.
(a) When our liability begins. Our liability begins at the moment the set first comes to be both held by us and owned by you. In practice:
(i) where a set is purchased on your behalf from a third-party seller, our liability begins when the set is delivered into our physical possession (or into the possession of a carrier we have instructed to collect it from the seller); and
(ii) where a set is purchased on your behalf from sets we already hold in our own stock, our liability begins at the moment of that purchase.
(b) When our liability ends. Our liability ends at the earlier of:
(i) where the set is being returned to you: the moment the set is handed to an outbound carrier instructed by you, or is collected from our premises by you or your appointed agent. In either case we act as your agent in arranging or facilitating the handover, and you are responsible for arranging any transit insurance you consider necessary, consistent with clause 4.4; or
(ii) where you have instructed us to liquidate the set on your behalf: the moment the buyer (or the buyer's appointed agent) takes physical possession of the set. Our liability during outbound transit under this scenario remains subject to clause 9.3.
You agree to indemnify, defend, and hold harmless Little Brick Capital, its officers, directors, employees, agents, and affiliates from and against any claims, liabilities, damages, losses, and expenses, including reasonable legal fees, arising out of or in any way connected with:
This indemnity does not apply to the extent any claim arises from our breach of these Terms, our negligence, or our wilful default.
You may terminate your account by providing written notice, subject to the fees and conditions in clause 4.4. Upon termination, you may:
We may suspend or terminate your account immediately if:
Upon termination, you remain liable for all fees and charges incurred. We will arrange for the return or liquidation of your assets as instructed.
We encourage you to contact us first to resolve any disputes informally. Most concerns can be resolved quickly by contacting info@littlebrickcapital.co.uk.
These Terms are governed by the laws of England and Wales. You consent to the exclusive jurisdiction of the courts of England and Wales.
These Terms constitute the entire agreement between you and Little Brick Capital regarding our services and supersede all prior agreements and understandings.
If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
Our failure to enforce any right or provision shall not constitute a waiver of such right or provision.
You may not assign or transfer these Terms without our prior written consent. We may assign our rights and obligations without restriction.
We may modify these Terms from time to time. Where any change materially affects your rights or our obligations, we will notify you by email with reasonable advance notice before the change takes effect. You may terminate this agreement under clause 11 if you do not wish to accept the change. Non-material changes (such as updates to contact details or non-substantive clarifications) take effect on publication.
For questions about these Terms and Conditions, please contact us:
Little Brick Capital Limited
Email: info@littlebrickcapital.co.uk
Registered Office Address: 207 Regent Street, London, United Kingdom, W1B 3HH
Company Number: 16582288
Remember: We are not regulated by the FCA. These investments carry significant risk. Always seek independent financial advice if you are unsure about the suitability of any investment.