Assets under management
£170,916,391
174 live facilities
Cumulative origination
£252,000,000
180 facilities since inception
Weighted average rate
9.32%
Average LTV 56%
Balance in arrears
£18,817,364
13 facilities · 11.0% of AuM
Book composition
Live balance by performing status — status basis, not days past due
Performing
£131,429,567137
Watch
£20,669,46024
Arrears
£18,504,77811
Default
£312,5862
Repaid
£06
Asset Backed
£65.1m
64 facilities
Hybrid
£54.5m
54 facilities
Cash Flow
£51.3m
56 facilities
Arrears profile
Days past due, live book
Current
£152.1m
1–30 days
£2.2m
31–60 days
£6.9m
61–90 days
£4.2m
90+ days
£5.5m
Outside current credit policy
20
Facilities carrying an approved policy exception
Regional concentration
Live balance
North West
£25.5m
East of England
£23.6m
East Midlands
£17.1m
Wales
£16.1m
South East
£15.5m
Scotland
£15.3m
Greater London
£13.2m
South West
£12.9m
West Midlands
£11.0m
North East
£10.5m
Yorkshire
£10.1m
Sector concentration
Live balance
Health Care Equipment
£27.8m
Software & Services
£24.0m
Transportation
£19.6m
Specialty Retail
£19.2m
Construction & Engineering
£15.6m
Food & Beverage
£15.2m
Hotels & Leisure
£12.7m
Professional Services
£10.8m
Origination by vintage
Facility value drawn
£50.9m2021
£51.5m2022
£36.6m2023
£51.6m2024
£33.5m2025
£27.9m2026
G1
26
G2
47
G3
69
G4
23
G5
9
Committee attention list
Facilities on watch, in arrears or defaulted
| Facility | Borrower | Sector | Balance | DPD | Grade | Status |
|---|---|---|---|---|---|---|
| BLN10015 | Foxton Partners | Hotels & Leisure | £4,324,380 | 128 | G5/5 | Arrears |
| BLN10091 | Oakhaven Logistics | Specialty Retail | £242,918 | 128 | G5/5 | Arrears |
| BLN10005 | Eastgate Foods | Machinery | £896,687 | 92 | G5/5 | Arrears |
| BLN10104 | Dunhelm Holdings | Health Care Equipment | £3,701,495 | 66 | G5/5 | Arrears |
| BLN10093 | Halewood Services | Machinery | £263,243 | 66 | G5/5 | Arrears |
| BLN10131 | Alderway Developments | Machinery | £261,897 | 66 | G5/5 | Arrears |
| BLN10092 | Brightmoor Technologies | Professional Services | £4,623,948 | 47 | G4/5 | Arrears |
| BLN10101 | Redhills Systems | Media | £361,610 | 47 | G4/5 | Arrears |