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.

Remember past performance is not a reliable indicator of future results. Figures are correct as of 9th December 2019.

Portfolio Statistics

Borrowers

169

Live borrowers

74.57%

Average utilisation

£29,373,728

Loans outstanding

£39,390,664

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

14

17.43%

£402,528

£365,770

8.92%

Business Services

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

70

32.75%

£192,013

£137,447

5.41%

Communication

Telecommunications, media, publishing and broadcasting

2

1.35%

£200,000

£198,789

5.10%

Construction

Construction and development of buildings and infrastructure

29

19.10%

£222,717

£193,417

4.96%

Consumer Products

Manufacture of consumer products

12

4.09%

£211,622

£100,077

6.41%

Other

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

1

0.00%

£0

£0

2.40%

Healthcare

Human health and social work activities

5

1.23%

£147,007

£72,437

3.38%

HiTech

Software programming and consulting services and data processing and hosting activities

14

6.41%

£203,816

£134,504

1.85%

Services

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

3

9.95%

£1,156,278

£974,012

2.33%

Trade

Wholesale and retail trade of goods

17

7.45%

£219,343

£128,677

2.11%

Transportation

Passenger and freight transportation and storage

2

0.24%

£65,000

£34,634

1.10%

Whole Book

169

100%

£233,081

£173,809

5.25%

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

£720,164,520

Total amount matched

£121,014,097

Total amount borrowed

Investors

2,911

Live Investors

£3,113

Average first deposit

£15,407

Average investment

5.1%

Average rate in last 30 days

Loan Loss Provision

£1,068,556

Cash balance

3.64%

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.

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.

Gross Default Rate

Calendar Year

Average Calendar year balance

Gross Default Rate

Current Actual Lifetime Bad Debt Rate

Expected Lifetime Bad Debt Rate

2017

£6,840,811.18

7.46%

5.81%

5.19%

2018

£16,157,756.73

7.42%

5.47%

3.42%

2019 YTD

£30,834,712.06

14.77%

14.53%

6.53%

Last Updated: Nov 5th, 2019

The ‘Gross Default Rate’ refers to the percentage of loans that were in Default in that year before any actual or future expected recoveries were achieved.

If a Default happens and the borrower can't resolve the problem we will take action, including legal action, to recover the money from them. The ‘Current Actual LifeTime Bad Debt Rate’ represents the total actual loss, if any, on loans in Default to date. This will be less than the Gross Default Rate where we have made a recovery, for example. The ‘Expected Lifetime Bad Debt Rate’, represents our forecast for the actual loss once all recoveries have been made.


Historical performance of the Loan Loss Provision

2014

2015

2016

2017

2018
2019
(up to 9th December 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

£807,146

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 was positive due to a tax rebate relating to 2017 which was received in 2018.

(£0)

(£0)

(-£1,555)

(-£15,263)

£6,597*

(-£1,809)

End of Year Balance

Cash balance of the Loan Loss Provision

£200,438

£213,397

£276,984

£698,947

£769,529

£1,068,556

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