Business lender posts record turnover and sixth year of profit
Peer-to-peer business lending platform FOLK2FOLK, with offices in Cheltenham and Cornwall, has posted its highest-ever turnover and a sixth consecutive year of profitability.
In its unaudited results for the year ending 31 January 2025, the business reported turnover of £6.16m, an increase of 17% from the previous year (£5.28m), and pre-tax profit of £1.84m, up 43% from FY 2023 (£1.28m).
It also paid dividends for the fourth consecutive year, which its says “reinforces its continued stability”.
FOLK2FOLK provides secured, interest-only business loans to SMEs across the UK’s regions, helping them to start, grow or diversify while offering fixed monthly income to retail and institutional investors.
Roy Warren, managing director of FOLK2FOLK, said: “Our record results are a testament to the resilience of our business model, the strength of investor confidence, and the persistent demand from SMEs across regional Britain for fair and flexible finance.
“We’re proud to be delivering consistent growth while staying true to our mission of supporting underserved businesses across the regional parts of the UK, and generating attractive returns for our investors. These results wouldn’t be possible without the continued trust of our investor community.
“Importantly, being a stable and profitable platform isn’t just good news for us, it’s a responsibility we take seriously. It enables us to continue serving both borrowers and investors with confidence, to invest in long-term improvements, and to manage all loans, including the more complex cases, with care and diligence.”
The platform has now facilitated over £760m in cumulative loans, with a strong borrower pipeline and continued growth expected through FY2025.
FOLK2FOLK will publish its fully audited accounts in May 2025.
