LEND - Ticker AI Digest

Sancus Lending Group Limited released its final results for the year ended 31 December 2024. The company reported a profit before tax of £0.1m, reflecting improved operating performance, especially in the latter part of 2024, supported by gains from the buy-back of Zero Dividend Preference Shares. The company achieved an 18% increase in Assets Under Management to £237.6 million, which helped deliver a 36% growth in group revenue to £16.8 million. The companys loan book at the year-end was £237.6 million, an 18% increase from the previous year. The companys UK Assets Under Management increased by 33% to £84.0 million, with the business writing £48.3 million of new facilities. The Irish loan book grew by 45% to £47.8 million, with the business writing new facilities of £39.9 million. The companys joint venture with Hawk Lending Limited, which commenced in January 2024, wrote new facilities of £20.1 million in challenging market conditions. The companys Amberton joint venture increased its loan note programme to Assets Under Management of £41.7 million. The companys total assets as at 31 December 2024 were £122.1 million, and its net liabilities increased slightly to £2.1 million. The companys liabilities consist of the Bond instrument, the Zero Dividend Preference Shares, and the Pollen credit facility drawdown. The companys Board of Directors and Executive Management Team are responsible for safeguarding the assets of the company through establishing effective systems of risk management and internal control. The companys cash flow forecast for the period to 30 June 2026 shows that the company and the group will have sufficient cash resources to meet their ongoing liabilities as they fall due for at least twelve months from the date of approval of these financial statements.

Sancus Lending Group Limited released its final results for the year ended 31 December 2024. The company reported a profit before tax of £0.1m, reflecting improved operating performance, especially in the latter part of 2024, supported by gains from the buy-back of Zero Dividend Preference Shares. The company achieved an 18% increase in Assets Under Management to £237.6 million, which helped deliver a 36% growth in group revenue to £16.8 million. The companys loan book at the year-end was £237.6 million, an 18% increase from the previous year. The companys UK Assets Under Management increased by 33% to £84.0 million, with the business writing £48.3 million of new facilities. The Irish loan book grew by 45% to £47.8 million, with the business writing new facilities of £39.9 million. The companys joint venture with Hawk Lending Limited, which commenced in January 2024, wrote new facilities of £20.1 million in challenging market conditions. The companys Amberton joint venture increased its loan note programme to Assets Under Management of £41.7 million. The companys total assets as at 31 December 2024 were £122.1 million, and its net liabilities increased slightly to £2.1 million. The companys liabilities consist of the Bond instrument, the Zero Dividend Preference Shares, and the Pollen credit facility drawdown. The companys Board of Directors and Executive Management Team are responsible for safeguarding the assets of the company through establishing effective systems of risk management and internal control. The companys cash flow forecast for the period to 30 June 2026 shows that the company and the group will have sufficient cash resources to meet their ongoing liabilities as they fall due for at least twelve months from the date of approval of these financial statements.