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Sancus Lending Group Limited ( (GB:LEND) ) has provided an update.
Sancus Lending Group Limited has reported a significant improvement in its financial performance for the year ended 31 December 2024, with loans under management increasing by 18% and turnover rising by 36%. The company aims to return to profitability by 2025, supported by a junior funding commitment of up to £10m from its majority shareholder, Somerston, which will help bolster its loan financing capabilities and support growth strategies. This financial backing is vital for maintaining liquidity and executing growth strategies, including finalizing additional financing facilities for its UK and Irish businesses.
More about Sancus Lending Group Limited
Sancus Lending Group Limited operates in the financial services industry, focusing on loan financing facilities primarily within the UK and Irish markets. The company is involved in managing loans and providing financial solutions through its subsidiary, Sancus Loans Limited.
YTD Price Performance: 0.0%
Average Trading Volume: 642,300
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.58M
For a thorough assessment of LEND stock, go to TipRanks’ Stock Analysis page.
