Loan Performance
At the heart of the P2P Platform revolution is the idea that finance needs to be more transparent.
To help you manage your risk, the table below shows the performance our our loans, split into Property Development Loans (PDLs), Business Loans and Total Loans.
Data updated annually; correct as at January 2024.
Property Development Loans
Returns Performance
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Amount lent (£) | £1,218,186 | £2,980,000 | £3,995,559 |
| Actual annual return | 12.00% | 14.30% | 16.12% |
| Actual annual return to date of loans in origination year (%, after fees and bad debts). | |||
| Estimated annual return | 10.17% | 12.57% | 14.14% |
| Estimated annual return (after fees and estimated lifetime bad debt rate). | |||
| Realised Principal | 46.64% | 51.17% | 6.63% |
| Realised % (principal repaid excluding bad debts). | |||
| Gross annual interest rate | 17.00% | 19.51% | 21.41% |
| Gross annual interest rate (paid by borrower). | |||
Bad Debt Rates
| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Actual arrears as % of outstanding balances | 0.00% | 0.00% | 0.00% |
|
Total amount of payments more than 180 days late but not defaulted, as a percentage of all outstanding balances from loans made in a calendar year. |
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| Actual lifetime of bad debt rate* | 0.00% | 0.00% | 0.00% |
| Total bad debt (defaults less actual recoveries) over the lifetime of the loans as a percentage of the amount lent in a calendar year (NB this is not an annualised number). | |||
| Estimated lifetime bad debt rate** | 1.83% | 1.74% | 1.98% |
| Estimated lifetime bad debt rate (defaults less recoveries) as a percentage of amount lent in a calendar year at origination. | |||
Business Loans
Returns Performance
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Amount lent (£) | £2,717,011 | £15,394,001 | £17,098,310 | £19,101,624 | £4,617,517 | £4,393,301 | £1,243,075 | £1,762,433 | £644,720 |
| Actual annual return | 6.15% | -35.81%* | -48.02%* | -3.00%* | 6.75% | 7.30% | 7.30% | 6.74% | 8.82% |
| Actual annual return to date of loans in origination year (%, after fees and bad debts). | |||||||||
| Estimated annual return | 5.15% | 5.13% | 5.54% | 5.70% | 5.75% | 6.30% | 6.30% | 5.74% | 7.82% |
| Estimated annual return (after fees and estimated lifetime bad debt rate). | |||||||||
| Realised Principal | 100.00% | 100.00% | 100.00% | 78.76% | 100.00% | 45.03% | 0.00% | 0.00% | 0.00% |
| Realised % (principal repaid excluding bad debts). | |||||||||
| Gross annual interest rate | 6.65% | 6.63% | 7.04% | 7.20% | 7.25% | 7.80% | 7.80% | 7.24% | 9.32% |
| Gross annual interest rate (paid by borrower). | |||||||||
Bad Debt Rates
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Actual arrears as % of outstanding balances | 0.00% | 0.00% | 0.00% | 19.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
|
Total amount of payments more than 90 days late but not defaulted, as a percentage of all outstanding balances from loans made in a calendar year. |
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| Actual lifetime of bad debt rate* | 0.00% | 41.94%* | 54.56%* | 9.70%* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total bad debt (defaults less actual recoveries) over the lifetime of the loans as a percentage of the amount lent in a calendar year (NB this is not an annualised number). | |||||||||
| Estimated lifetime bad debt rate** | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| Estimated lifetime bad debt rate (defaults less recoveries) as a percentage of amount lent in a calendar year at origination. | |||||||||
Total Loans
Returns Performance
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Amount lent (£) | £2,717,011 | £15,394,001 | £17,098,310 | £19,101,624 | £4,617,517 | £4,393,301 | £2,461,261 | £4,742,433 | £4,640,279 |
| Actual annual return | 6.15% | -35.81%* | -48.02%* | -3.00%* | 6.75% | 7.30% | 9.62% | 11.49% | 15.11% |
| Actual annual return to date of loans in origination year (%, after fees and bad debts). | |||||||||
| Estimated annual return | 5.15% | 5.13% | 5.54% | 5.70% | 5.75% | 6.30% | 8.54% | 10.39% | 13.41% |
| Estimated annual return (after fees and estimated lifetime bad debt rate). | |||||||||
| Realised Principal | 100.00% | 100.00% | 100.00% | 78.76% | 100.00% | 45.03% | 23.09% | 32.16% | 5.71% |
| Realised % (principal repaid excluding bad debts). | |||||||||
| Gross annual interest rate | 6.65% | 6.63% | 7.04% | 7.20% | 7.25% | 7.80% | 12.35% | 14.95% | 20.11% |
| Gross annual interest rate (paid by borrower). | |||||||||
Bad Debt Rates
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Actual arrears as % of outstanding balances | 0.00% | 0.00% | 0.00% | 19.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
|
Total amount of payments more than 45 days late (90 days for property loans) but not defaulted, as a percentage of all outstanding balances from loans made in a calendar year. |
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| Actual lifetime of bad debt rate* | 0.00% | 41.94%* | 54.56%* | 9.70%* | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total bad debt (defaults less actual recoveries) over the lifetime of the loans as a percentage of the amount lent in a calendar year (NB this is not an annualised number). | |||||||||
| Estimated lifetime bad debt rate** | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.08% | 1.11% | 1.69% |
| Estimated lifetime bad debt rate (defaults less recoveries) as a percentage of amount lent in a calendar year at origination. | |||||||||
* The definition of bad debt (non-performing loans) includes any portion of a loan that has not been repaid after 90 days from the date the loan became due for all lending apart from property, where the period shall be 180 days. Please note:there are three Business Loans in administration that were originated primarily in 2016 and 2017, currently these loans are defined as bad debt but we expect recoveries that will improve the actual return and bad debt rate in due course.
**Expected bad debt rate at origination (as a % of amount lent in the calendar year of the loan). The estimated lifetime bad debt rate has been estimated using data from Creditsafe, including the historical amounts of bad debts experienced in similar businesses. It considers the probability of default and recovery rate.
As a prudent measure, this will be a minimum of 1% until we have further investments on the platform.
Past performance does not guarantee future performance.