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Last checked at 
6 Dec 2021 07:00
6 December 2021
Distribution Finance Capital Holdings plc
("DF Capital" or the "Company" together with its subsidiaries the "Group")
Trading Update
Distribution Finance Capital Holdings plc, a specialist bank providing working capital solutions to dealers and manufacturers across the UK, today announces that the Group continues to build on the positive momentum and record new loan origination seen through the year, expecting its full year financial performance to be in line with the Board's expectations.
The Group is not immune to the supply chain challenges and shipping delays reported across many global markets. The Company has been informed that critical orders for a number of its dealers will now arrive in January 2022, later than previously anticipated.
The Group expects its loan book to close the year in the range of £250m to £275m. The Group is pleased to confirm its loan book reached c£243m as at the 30 November 2021 (September 2021: £202m), more than doubling since the start of the year and materially exceeding the Group's prior peak of £213m. Accordingly, the Board now expects the Group to achieve monthly run-rate profitability during Q1 2022.
The Company expects to announce its full year end trading update during the middle of January 2022.
For further information contact:
Distribution Finance Capital Holdings plc | |
Carl D'Ammassa - Chief Executive Officer | +44 (0) 161 413 3391 |
Kam Bansil - Head of Investor Relations | +44 (0) 7779 229508 |
http://www.dfcapital-investors.com |
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Investec Bank plc (Nomad and Broker) | +44 (0) 207 597 5970 |
David Anderson Bruce Garrow Harry Hargreaves Maria Gomez de Olea | |
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