Statistics

At Growth Street, we know it’s important to have all the facts to hand before making any investment decision. Transparency is essential. That’s why we display all the key statistics about our portfolio and the Loan Loss Provision here for you to read.

Have a read of our blog post, Our Loan Loss Provision - how it's performed so far.

Remember past performance is not a reliable indicator of future results. Figures are correct as of 12th November 2019.

Portfolio Statistics

Borrowers

186

Live borrowers

75.78%

Average utilisation

£31,024,292

Loans outstanding

£40,940,871

Total available facility

Sum of Exposure as at 12th November 2019
Sector
Number of borrowers
Total facility available as a percentage of whole loan book
Average available facility
Average amount currently outstanding
Expected default rate
Business Products

Manufacture of business machinery, equipment, vehicles and other products

15

16.63%

£386,459

£344,043

2.10%

Business Services

Professional, scientific and technical services, administrative and support services and renting and leasing activities

76

32.20%

£183,491

£131,431

2.54%

Communication

Telecommunications, media, publishing and broadcasting

3

1.29%

£33,555

£132,896

3.60%

Construction

Construction and development of buildings and infrastructure

30

21.04%

£249,501

£217,534

2.54%

Consumer Products

Manufacture of consumer products

13

4.76%

£177,679

£113,714

3.12%

Other

Other business activities including Finance, Real Estate, Public Sector, Arts and Recreation

2

0.00%

£0

£0

2.52%

Healthcare

Human health and social work activities

6

1.23%

£128,850

£63,850

1.61%

HiTech

Software programming and consulting services and data processing and hosting activities

16

5.87%

£161,351

£113,885

1.85%

Services

Accommodation and food service activities, administrative and support services, and other services

4

9.54%

£747,690

£740,190

2.33%

Trade

Wholesale and retail trade of goods

19

7.21%

£238,295

£117,675

1.68%

Transportation

Passenger and freight transportation and storage

2

0.23%

£65,018

£35,018

2.00%

To calculate each industry’s expected default rate, we calculate the average EPD of borrowers from the industry, weighted by each borrower’s Industry Percentage Outstanding.

To calculate the entire loan book’s expected default rate, we calculate the average EPD of all borrowers, weighted by each borrower’s Percentage Outstanding.

Definitions:

EPD means the probability of any borrower being unable to pay their debts in the next year and obtained by us from credit reference agencies.

Industry Percentage Outstanding means a borrower’s outstanding balance, expressed as a percentage of the aggregate outstanding balances of all borrowers in the loan book in the same industry as the borrower.

Percentage Outstanding a borrower’s outstanding balance expressed as a percentage of the aggregate outstanding balances of all borrowers in the loan book.

Exchange

£691,684,073

Total amount matched

£118,882,897

Total amount borrowed

Investors

2,881

Live Investors

£3,118

Average first deposit

£14,903

Average investment

5.2%

Average rate in last 30 days

Loan Loss Provision

£1,034,070

Cash balance

3.33%

Coverage

18

Defaults**

16

Claims**

**In October 2019, as part of the restructuring of our loan portfolio and tightening of credit policies, Growth Street purchased two defaulted borrowers to its balance sheet by using equity capital instead of making claims on the Loan Loss Provision.

AMEND section Historical performance of the Loan Loss Provision

Costs - add ‘**’ after ‘Claims’ AND the 2019 figure

Costs - amend the wording to “Costs incurred and paid in maintaining the Loan Loss Provision. *This number was positive due to a tax rebate relating to 2017 which was received in 2018."

The Loan Loss Provision we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The fund has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Loan Loss Provision when considering whether or how much to invest. You can read our Loan Loss Provision Policy here.


Historical performance of the Loan Loss Provision

Our Loan Loss Provision – how it’s performed so far

2014

2015

2016

2017

2018
2019
(up to 14th November 2019)
Founder Contributions

Money provided by the Growth Street founders through equity contributions and loans

£200,000

£0

£0

£500,000

£450,000

£350,000

Borrower Contributions

Contributions made by borrowers as part of the interest they pay

£438

£12,959

£65,142

£256,102

£515,317

£772,656

Recoveries

Money recovered by the Loan Loss Provision on defaulted loans

£0

£0

£0

£20,675

£20,803

£105,401

Claims

Claims against the Loan Loss Provision

(£0)

(£0)

(£0)

(-£339,551)

(-£922,135)

(-£961,711)

Costs

Costs incurred and paid in maintaining the Loan Loss Provision. *This number is currently positive due to a tax rebate relating to 2017 which was received in 2018.

(£0)

(£0)

(-£1,555)

(-£15,263)

£6,597*

(-£1,805)

End of Year Balance

Cash balance of the Loan Loss Provision

£200,438

£213,397

£276,984

£698,947

£769,529

£1,034,070

How do I get started?

Apply

Sign up and complete a few basic checks

Transfer funds

Transfer funds into your account and set instructions for investment

Put your money to work

With our Classic account, you'll be matched automatically when a borrower requests a new loan. In our ISA, your money will be put to work within 7 days