Blog post
June 22, 2020

LendInvest publishes full year financial results for 31 March 2020

Today we are pleased to report another year of profit, strong growth and significant operational and strategic progress for the twelve months to 31 March 2020.

Here are some of the highlights:

Financial highlights:

  • Platform revenue¹ increased 49% to £108.4m (FY19: 72.7m)
  • Platforms assets² up 59% to £1256.7m (FY19: £788.3m)
  • Total loan originations up 24% to £925.5 million (FY19: £747.4)
  • Gross profit up 14% to £30.3m (FY19: £26.5m)
  • EBITDA of £4.1m (FY19: £4.3m)

Business highlights:

  • Became the UK’s first Fintech to securitise its own assets with a £259 million securitisation transaction of its buy-to-let portfolio
  • Secured £200 million of funding from National Australia Bank for its buy-to-let loans
  • Continued growth in total loan originations as a result of increasing demand for LendInvest loan products
  • Launched its first home owner product, the Regulated Bridge 
  • Expanded buy-to-let offering into Scotland
  • Rod Lockhart is promoted to CEO, as former CEO Christian Faes moves into a newly created Executive Chairman position
  • Completed the second securitisation of its buy-to-let portfolio for £285m. The transaction was oversubscribed, achieved at enhanced pricing to the first securitisation in June 2019 and completed during the Covid-19 lockdown in the UK

You can read this financial report (and all our annual reports since 2015) here:

Rod Lockhart, Chief Executive Officer, said:

The LendInvest team has accomplished a huge amount over the past year.

From becoming the first UK Fintech to securitise its own assets with a £259 million oversubscribed transaction last summer, then completing our second securitisation just nine months later during a global pandemic; to making our break into the home owner mortgage market with the launch of our first regulated product, it has been another year of milestones for LendInvest. 

Despite the undoubtedly challenging couple of months we have all endured, stepping into the role of CEO this year as the business has continued to scale; investing in innovation and throughout it all, maintaining a consistent EBITDA for the sixth year running, has shown me we certainly have reason to be optimistic for the year ahead.”

¹ Platform revenue represents unaudited gross management accounts revenue
² Platform assets represent unaudited gross management accounts loans and advances
Leigh Rimmer
Posted by Leigh Rimmer
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