Record-Breaking Growth: Cornwall’s FOLK2FOLK Announces Highest-Ever Turnover

Sixth consecutive year of profit for Cornwall-headquartered lender

FOLK2FOLK, the Cornwall-based peer-to-peer business lending platform, has announced record-breaking unaudited results for the year ending 31st January 2025. The company, founded in Launceston in 2013, revealed its highest-ever turnover alongside its sixth straight year of profitability.

Strong Financial Performance

The platform reported a turnover of £6.16 million, marking a 17% increase from the previous year’s £5.28 million. Pre-tax profit also rose significantly, reaching £1.84 million, up 43% from £1.28 million in the 2023 financial year.

For the fourth year running, FOLK2FOLK paid dividends to shareholders, reflecting the stability and growth of the business.

Supporting Regional Businesses

FOLK2FOLK plays a vital role in the South West by connecting local businesses with investors to secure finance for growth, development, and diversification. The company’s continued success has been driven by strong demand for fast, flexible, property-backed loans from small and medium-sized enterprises (SMEs) across the UK’s regions.

Investors, attracted by interest rates starting from 8.75% per annum, have increasingly turned to FOLK2FOLK as a source of fixed, monthly income amid stock market volatility and ongoing economic uncertainty.

Roy Warren, Managing Director of FOLK2FOLK, said:

“Our record results are a testament to the strength of our platform, the trust of our investors, and the ongoing demand from SMEs across regional Britain for fair and flexible finance.

“We’re proud to be delivering consistent growth while staying true to our mission of supporting underserved businesses in the rural and regional parts of the UK, and generating attractive returns for our investors. These results wouldn’t be possible without the continued trust of our investor community.

“Importantly, being a stable and profitable platform isn’t just good news for us, it’s a responsibility we take seriously. It enables us to continue serving both borrowers and investors with confidence, to invest in long-term improvements, and to manage all loans, including the more complex cases, with care and diligence.”

Looking Ahead

Having already facilitated over £760 million in cumulative loans, FOLK2FOLK anticipates continued growth throughout the 2025 financial year.

The company is expected to publish its fully audited accounts in May 2025.