We reported record loan commitments of £18M in the last financial year and we paid out over £1M in interest to our investors. Being profitable from day one has always been our main goal, rather than growing market share, as this ensures our longevity and protects investors. Despite market-impacting forces such as Covid19 and Brexit, it is a testament to our business model and our team that we have continued to grow and prosper.
For 2020/2021 the new market represents a great opportunity to continue our growth as the high street banks and many alternative lenders are effectively closed for new business. In April we accepted £500,000 in new investment, and last month, from a carefully selected range of lending opportunities worth over £3M, we made loan offers worth £900,000.