Statistics

Please note: We have recently concluded redemption of our platform investors in full as part of the Resolution Event (please refer to our Investor Terms for more information) declared in June 2020. As of 13th January 2021, all remaining funds have been returned to peer-to-peer investors and our investor platform is in the process of closing. Growth Street continues to streamline business operations, whilst continuing to recover the remaining loans outstanding from borrowers, with the ultimate aim of winding down operations. We will not be conducting any further lending activities, or accepting any new investors or deposits from existing investors. If you were an investor and have any questions, please contact us on Live Chat or by calling 0808 123 1231 (Option 3). If you are an existing Growth Street borrower and have any questions, please contact your Relationship Manager.

INVESTOR RISK WARNING
Your capital is at risk when you invest through Growth Street. Our investment products are not covered by the Financial Services Compensation Scheme. Read about our Loan Loss Provision here.

Growth Street entered into a Resolution Event in June 2020. As of 13th January 2021, all remaining funds have been returned to peer-to-peer investors and we have applied to cancel our FCA permission.

As a result, we no longer report on our portfolio and default rate. This page was updated on 13th January 2021, and the figures below were as at 4th December 2020.

Portfolio Statistics

SectorNumber of borrowersTotal facility available as a percentage of whole loan bookAverage available facilityAverage amount currently outstandingExpected default rate
Business Products
Manufacture of business machinery, equipment, vehicles and other products

1

1.72%

£29,073

£29,073

2.20%

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

13

64.93%

£91,727

£84,662

15.24%

Communication
Telecommunications, media, publishing and broadcasting

0

0.00%

£0

£0

0.00%

Construction
Construction and development of buildings and infrastructure

2

4.65%

£43,002

£39,406

3.34%

Consumer Products
Manufacture of consumer products

4

10.47%

£67,704

£44,363

53.58%

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

0

0.00%

£0

£0

0.00%

Healthcare
Human health and social work activities

3

7.27%

£111,667

£41,105

2.13%

HiTech
Software programming and consulting services and data processing and hosting activities

1

2.51%

£79,000

£42,534

3.80%

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

0

0.00%

£0

£0

0.00%

Trade
Wholesale and retail trade of goods

2

8.45%

£71,659

£71,659

92.69%

Transportation
Passenger and freight transportation and storage

0

0.00%

£0

£0

0.00%

Whole Book

26

100%

£70,547

£50,400

23.76%

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.

Gross Default Rate

Calendar YearAverage Calendar year balanceGross Default RateCurrent Actual Lifetime Bad Debt RateExpected Lifetime Bad Debt Rate

2017

£6,840,811.18

5.73%

5.78%

6.70%

2018

£16,157,756.74

5.39%

3.56%

5.52%

2019

£30,890,287.16

13.10%

2.52%

2.52%

2020 YTD

£15,887,851.65

19.16%

0.94%

5.78%

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. During, and in the context of, the Resolution Event, the Gross Default Rate will fluctuate and likely be higher than may normally be expected given (a) ongoing enforcement and repayment matters and (b) the reducing balance of the overall loan book size. As a result, the Gross Default Rate may be significantly higher than any actual losses which may occur in relation to the current loan book.

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.