PR

ThinCats reports record annual lending




ThinCats originations shows the firm has lent a record £387m to SMEs across the UK for its financial year ending 30th June 2024.

The firm’s sponsor franchise also supported PE-backed transactions with over £240m.

To date, ThinCats has lent over £1.9bn to businesses across the UK, while the company’s assets under management now stand at record levels of £800m.

Mike Hackett, CCO at ThinCats (pictured above), commented; “Over the past couple of years, we've seen huge challenges facing businesses of all sizes.


“Cost inflation, energy bills and higher interest rates has led many to take and 'wait and see' approach.

“And while we've seen a drop in activity across the whole market, I am pleased that we have continued to grow and report increasing origination levels.

“As consumer and business confidence continues improve, alongside more favourable economic conditions, we are expecting a significant increase in M&A activity largely due to pent up demand.”

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