Assetz Capital Charges Into Peer To Peer Lending Space In United Kingdom

Sales of alcoholic drinks were restrained in 2012 as consumer confidence had yet to pick up. On-trade consumption continued to suffer as most consumers cut back on costs and focused on at- home entertainment due to it being cheaper. Off-trade volume consumption grew in many areas, largely as a result of price promotions, with value sales growth being somewhat… Euromonitor International’s Alcoholic Drinks in United Kingdom report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2008-2012), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they legislative, distribution or pricing issues. Forecasts to 2017 illustrate how the market is set to change. Product coverage: Beer, Cider/Perry, RTDs/High-Strength Premixes, Spirits, Wine. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data. Reasons to Get This Report – Get a detailed picture of the Alcoholic Drinks market; – Pinpoint growth sectors and identify factors driving change; – Understand the competitive environment, the market’s major players and leading brands; – Use five-year forecasts to assess how the market is predicted to develop. About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world’s top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget.

I dont think I need to explain why this is a potential problem for banks! We also live in times where base rate is very low at 0.5%. This has led to a feeling that 10%+ is expensive. Yet only 15 years ago we saw base rate at 5%-7% and lending rates at 10%+. We are not too far away from traditional rates. KV: How many loans have failed and how do you manage the process of the debt holders collecting on the Asset? Andrew Holgate: So far, no loans have failed. We have the most senior lending team in UK P2P lending and go to great lengths to ensure that the businesses we lend to are creditworthy, and believe that were among the best equipped to minimise and deal with defaults. More detail is given is available on our web site but in short the team has over 50 years experience in default management and insolvency. Having tangible security on each loan gives us a big advantage: in the event of a default, well be able to use this to ensure that were able to recoup as much of the original investment as possible in order to protect our lenders we estimate that our default rate will be around 2%, but that our actual loss rate will be substantially lower than 1%. This wouldnt be possible if we relied only on personal guarantees from directors. If a business does struggle to repay a loan, we will act on the first missed payment we have an in-house insolvency expert and well do everything possible to help businesses repay their loans, using the advice of well-established firms such as Grant Thornton to manage the process, and doing everything possible to help businesses to repay their loans. KV: What type of due diligence does the firm do on each security? Andrew Holgate: Every property has a valuation done by a RICS qualified surveyor. If it is more unusual kit, (we once approved a loan where the security was a boat), we will get in a specialist valuer to give an opinion on the asset. We undertake a visit as well to see the asset with our own eyes. But it is not just about value of the asset, it is also about how you realise that value if needed. We recently were asked to lend against scrap metal valued at 500k. As a commodity it was very easy to get a value for it, but where would you sell it? We dont have those contacts and as such sought other assets as security.