Sancus Lending Group Ltd 2023 AR2
The report highlights Sancus Lending Group Limited's strategic progress in transitioning to a private credit and property-focused asset and wealth manager during 2023. The company achieved a 23% increase in Group revenue to £12.3 million, although it reported an operating loss of £9.9 million, primarily driven by a £4.8 million Expected Credit Loss charge on legacy loans. Pro-forma Assets Under Management grew by 23% to £202.1 million, aided by a new joint venture with Hawk Lending Limited in Jersey. On the sustainability front, the company advanced its ESG data maturity, reporting its 2023 greenhouse gas emissions using the GHG Protocol and integrating climate-related risk assessments into its credit processes.
Company: Sancus Lending Group Ltd
Sector: Financials
Country: Guernsey
Year: 2023
Type: AR2
Pages: 87
Sancus Lending Group Ltd
Annual Report And Audited Consolidated Financial Statements
The report highlights Sancus Lending Group Limited's strategic progress in transitioning to a private credit and property-focused asset and wealth manager during 2023. The company achieved a 23% increase in Group revenue to £12.3 million, although it reported an operating loss of £9.9 million, primarily driven by a £4.8 million Expected Credit Loss charge on legacy loans. Pro-forma Assets Under Management grew by 23% to £202.1 million, aided by a new joint venture with Hawk Lending Limited in Jersey. On the sustainability front, the company advanced its ESG data maturity, reporting its 2023 greenhouse gas emissions using the GHG Protocol and integrating climate-related risk assessments into its credit processes.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Employees