Sancus Lending Group Reports Turnaround with Profit in 2024

Sancus Lending Group Limited ( (GB:LEND) ) has issued an announcement.

Sancus Lending Group Limited reported a significant improvement in its financial performance for the year ended December 31, 2024, achieving a profit before tax of £0.1 million compared to a loss of £9.0 million in 2023. The company saw a 36% increase in group revenue to £16.8 million and an 18% growth in assets under management to £237.6 million. Strategic initiatives included strengthening the UK leadership team, expanding the Irish business, and launching a joint venture in the Channel Islands, which helped enhance the company’s market positioning and access to private wealth clients. Despite challenging market conditions, these efforts, along with actions to strengthen capital and reduce borrowing costs, have positioned Sancus for potential profitability in 2025.

More about Sancus Lending Group Limited

Sancus Lending Group Limited operates in the financial services industry, focusing on private credit and property lending. The company provides residential property lending services in the UK, Ireland, and the Channel Islands, and has a joint venture in private wealth and asset management through Amberton.

YTD Price Performance: 11.11%

Average Trading Volume: 146,693

Technical Sentiment Signal: Buy

Current Market Cap: £2.86M

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