Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Interim Financial Statement (Consolidated)

10th Dec 2020 17:27

RNS Number : 2974I
LendInvest Secured Income
10 December 2020
 

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

THE INFORMATION CONTAINED HEREIN MAY ONLY BE RELEASED, PUBLISHED OR DISTRIBUTED IN THE UNITED KINGDOM, THE ISLE OF MAN, JERSEY AND THE BAILIWICK OF GUERNSEY IN ACCORDANCE WITH APPLICABLE REGULATORY REQUIREMENTS. THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, THE REPUBLIC OF IRELAND OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.

SEE "IMPORTANT INFORMATION" BELOW

10 December 2020

 LENDINVEST SECURED INCOME PLC

 Interim financial statements for its parent, LendInvest Limited, for the period to 30 September 2020

LendInvest Secured Income plc (the "Company"), a wholly owned subsidiary of LendInvest Limited ("LendInvest"), the platform for property finance, has published the interim financial statements of LendInvest for the six month period to 30 September 2020.

Highlights include:

- £1,386.2 million Gross loans & advances (+27% vs six month period to 30 September 2019)

- £56.4 million Gross revenue (+11% vs six month period to 30 September 2019)

- £17.6 million Gross profit (+22% vs six month period to 30 September 2019)

- £6.2 million EBITDA (+244% vs six month period to 30 September 2019)

Rod Lockhart, CEO of LendInvest, commented: 

"It's been a uniquely challenging year, one which the industry could never have foreseen nor planned for.

Despite the challenging macro economic environment, we have continued to grow our loan book, proven out our business model, solidified our balance sheet and substantially grown our profitability as we move into 2021. The performance of the business over this period is a testament to our ongoing investment in technology, and the operational infrastructure we have built; we delivered an online experience to our customers when they needed it the most."

LendInvest has also delivered those interim financial statements to U.S. Bank Trustees Limited, as trustee of the £500,000,000 Euro Medium Term Note Programme of the Company's subsidiary, LendInvest Secured Income PLC.

To review LendInvest's interim financial statements for the period ending 30 September 2020, please visit: http://docs.lendinvest.com/web/public-pdfs/bonds/interim-financials-consolidated-sep-2020.pdf

For further information, please contact:

Leigh Rimmer | [email protected] | +44 (0)203 846 6820

 

IMPORTANT INFORMATION

This announcement is released by LendInvest Secured Income plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the bond programme mentioned above.For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Christian Faes, director of LendInvest Secured Income plc.

This announcement is an advertisement and is not a prospectus for the purposes of EU Directive 2003/71/EC, as amended, and/or Part VI of the Financial Services and Markets Act 2000 (the "FSMA"). A prospectus dated 19 October 2018 (the "Base Prospectus") together with final terms dated 24 October 2018 (the "Final Terms") have been prepared and made available to the public as required by Part VI of the FSMA. Investors should not subscribe for any Bonds except on the basis of information in the Prospectus and the Final Terms, taken together. Full information on LendInvest, LendInvest Secured Income plc and the offer of the Bonds is only available on the basis of the combination of the Prospectus and the Final Terms which have been published on the Regulatory News Service operated by the London Stock Exchange.

The distribution of this announcement and other information in connection with any offer in certain jurisdictions may be restricted by law and persons who come into possession of this announcement or any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any jurisdiction.

This document contains statements that are, or may be deemed to be, 'forward-looking statements' with respect to the financial condition, results of operations and business of the Company or of LendInvest Limited (or its group) and certain of the plans and objectives of the Company, LendInvest Limited and its group with respect to these items. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as 'anticipates', 'aims', 'due', 'could', 'may', 'will', 'would', 'should', 'expects', 'believes', 'intends', 'plans', 'projects', 'potential', 'reasonably possible', 'targets', 'goal', 'estimates' or words with a similar meaning, and, in each case, their negative or other variations or comparable terminology. Any forward-looking statements in this document are based on the current expectations of the Company, LendInvest Limited and its group (as applicable) and, by their very nature, forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future.

Forward-looking statements are not guarantees of future performance and no assurances can be given that the forward-looking statements in this document will be realised. There are a number of factors, many of which are beyond the control of the Company, LendInvest Limited and its group, that could cause actual results, performance and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to: the Risk Factors disclosed in the Company's Base Prospectus dated 19 October 2018 (which have not been updated since the date of its publication); changes in the economies and markets in which the group operates; changes in the regulatory and competition frameworks in which the group operates; the impact of legal or other proceedings against or which affect the group; and changes in interest and exchange rates.

All written or verbal forward-looking statements made in this document or made subsequently, which are attributable to the Company, LendInvest Limited or any other member of the group or persons acting on their behalf are expressly qualified in their entirety by the factors referred to above. No assurances can be given that the forward-looking statements in this document will be realised. This document speaks as at the date of publication. Save as required by applicable laws and regulations, none of the Company, LendInvest Limited or any member of its group intends to update any forward-looking statements and does not undertake any obligation to do so. Past performance of securities of the Company cannot be relied upon as a guide to the future performance of securities of the Company. Nothing in this document should be regarded as a profit forecast.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any securities.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DOCFFEFWSESSEEE

Related Shares:

LIV1.LLIV2.L
FTSE 100 Latest
Value8,138.62
Change-336.12