LandlordInvest has reported that its income elevated by 27.5 per cent between 2021 and 2022, to achieve £325,015 final yr. This compares with a turnover of £254,793 in 2021.
The property lender’s income for the yr fell year-on-year, from £67,040 in 2021 to £9,704 in 2022. This brings its cumulative losses to £44,490.
Throughout the 12 months ending 31 December 2022, LandlordInvest held £223,932 in money at financial institution and in hand – an elevated from £198,234 the earlier yr.
Filip Karadaghi, managing director of LandlordInvest, instructed Peer2Peer Finance Information that the platform was dedicated to being clear with its accounts, and famous that the 2022 figures converse for themselves.
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“I don’t know what 2023 holds however our intention is to change into higher at all the pieces,” mentioned Karadaghi.
“Fixed enchancment is core to our firm tradition.”
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Earlier this yr, it was reported that LandlordInvest had processed greater than £5m in secondary market gross sales because it launched the function in Could 2017. Karadaghi hailed the sturdy liquidity of {the marketplace}.
The platform is at the moment providing goal returns of between 5 and 12 per cent to buyers, on loans secured by UK properties.
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