ThinCats 2021 - Annual Review

The title of our 2021 annual review “Facing new challenges … and opportunities” reflects our progress in 2021 and how we have sought to become a trusted source of support and flexible finance to our borrowers as their funding needs have switched very quickly from survival to recovery.

In terms of new funding for UK businesses during 2021, we provided a record £318 million across a wide variety of sectors and regions taking our overall lending through £1 billion during the summer.

An important strategic step in enabling us to provide even more funding in the future was the equity investment commitment of £160 million made by Wafra Capital Partners in June.

We also invested significantly in expanding our Borrower Services team during the last 12 months. The team exists to ensure we are on hand at the local level and fully equipped to respond quickly to the opportunities and challenges faced by our borrowers.

We continue to invest in other areas too, such as, transaction management, data analytics and state of the art IT platforms so that we can deliver a highly personal and efficient service informed by the best SME data available. You can find out more about our ongoing programme of investments elsewhere in this review.

You can read our full Annual Review 2021 here.