Portfolio Overview

Position as at 30 June 2026 · all figures synthetic

Reporting basis: consolidated book

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

£50.9m
2021
£51.5m
2022
£36.6m
2023
£51.6m
2024
£33.5m
2025
£27.9m
2026

G1

26

G2

47

G3

69

G4

23

G5

9

Committee attention list

Facilities on watch, in arrears or defaulted

Open monitoring
FacilityBorrowerSectorBalanceDPDGradeStatus
BLN10015Foxton PartnersHotels & Leisure£4,324,380128G5/5Arrears
BLN10091Oakhaven LogisticsSpecialty Retail£242,918128G5/5Arrears
BLN10005Eastgate FoodsMachinery£896,68792G5/5Arrears
BLN10104Dunhelm HoldingsHealth Care Equipment£3,701,49566G5/5Arrears
BLN10093Halewood ServicesMachinery£263,24366G5/5Arrears
BLN10131Alderway DevelopmentsMachinery£261,89766G5/5Arrears
BLN10092Brightmoor TechnologiesProfessional Services£4,623,94847G4/5Arrears
BLN10101Redhills SystemsMedia£361,61047G4/5Arrears