FOLK2FOLK reports record turnover and sixth year of profit for 2024

Folk2Folk posts 43pc rise in profit and record turnover

Folk2Folk has reported record turnover and its sixth consecutive year of profitability, boosted by strong investor demand. The UK peer-to-peer lending platform, which facilitates business loans secured against land and property, posted a 17 per cent year-on-year increase in turnover to £6.16m for the financial year ending 31 January 2025. Meanwhile, pre-tax profit grew by […] The post Folk2Folk posts 43pc rise in profit and record turnover appea…

FOLK2FOLK reports record turnover and sixth year of profit for 2024

FOLK2FOLK has announced unaudited results for the financial year ending 31 January 2025, achieving its highest-ever turnover and a sixth consecutive year of profitability. The platform reported record turnover of £6.16m, an increase of 17% on the previous year (£5.28m), and pre-tax profit of £1.84m, a 43% increase from FY 2023 (£1.28m). It also paid dividends for the fourth consecutive year, underlining its financial stability. FOLK2FOLK provide…