Lending platform hails record financial results

A Cornwall-based peer-to-peer lending platform has reported record financial results.

FOLK2FOLK achieved its highest-ever turnover of £6.16 million for the financial year ending January 31, 2025, up 17 per cent from the previous year. 

Pre-tax profit rose 43 per cent to £1.84 million, marking the platform’s sixth consecutive year in profit. 

With more than £760 million in cumulative lending since its launch in 2013, the lender saw strong investor appetite for its property-backed loans and fixed monthly income, while also paying dividends to shareholders for the fourth year running.

Roy Warren, managing director of FOLK2FOLK, which has its headquarters in Launceston, 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 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.”

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