LendInvest PLC

LINV

Equity

ISIN GB00BMC2XX17 / Valor 112401200

LSE London Stock Exchange, SETS (2024-12-24)

GBP 0.24%

LendInvest PLC
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About company

LendInvest PLC is a financial services company that operates in two core business segments: LendInvest Capital, which includes investment business and development finance, and LendInvest Mortgages, which covers regulated and unregulated lending. The company provides development finance through its subsidiary LendInvest Development Limited, regulated lending through LendInvest Loans Limited, unregulated short-term lending through LendInvest Bridge Limited, and buy-to-let borrowing through LendInvest BTL Limited. LendInvest PLC is authorized and regulated by the Financial Conduct Authority and is a public limited company registered in England and Wales.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

LendInvest PLC reported a significant increase in net fee income for the year ending 31 March 2024, with a 42% rise to £15.9 million compared to the previous year. This growth was driven by higher separate account originations, reflecting the company's strong performance in expanding its lending activities.

Profit and Loss

For the fiscal year ending 31 March 2024, LendInvest PLC experienced a substantial decline in profitability, reporting a loss before tax of £27.3 million, a stark contrast to the £14.3 million profit recorded in the previous year. This downturn was influenced by several one-off charges and increased operating expenses.

Balance Sheet Deleveraging

LendInvest PLC significantly de-leveraged its balance sheet by reducing debt by £645 million, a 56% decrease from the previous year. This strategic move has also led to a 39% reduction in the company's leverage ratio, positioning it more favorably for future financial stability and growth opportunities.

Cash and Liquidity

As of 31 March 2024, LendInvest PLC's cash and cash equivalents increased by 19% to £55.7 million, with £17.2 million in unrestricted cash available. This increase in liquidity provides the company with ample resources to support ongoing operations, invest in growth opportunities, and navigate market uncertainties.

Outlook and Future Opportunities

Looking ahead, LendInvest PLC remains focused on maintaining a prudent capital structure while pursuing opportunities that drive innovation and profitability. The company is well-positioned to capitalize on market opportunities, including the potential impact of Basel 3.1 capital reforms on specialist banks and the demand for its Short-term Mortgages and Structured Bridging products.

Summarized from source with an LLMView Source

Key figures

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Performance

47.5%1Y

56.6%3Y

55.0%5Y

Volatility