DF Capital reports record financial performance & improved customer service
DF Capital (“The Bank”), a specialist bank providing financial solutions that support manufacturers, dealers and distributors across the UK, today announced another record financial performance for the year, including record new loan origination, 120 dealers signed up to its recently launched asset finance product and improved customer relationships.
Another record year
DF Capital experienced strong momentum in lending throughout the year, which underpins the record financial performance. This growth is driven by the Group’s strong competitive advantages and increasing share in resilient, well-understood and underserved market verticals.
DF Capital achieved record new loan origination in excess of £1.8bn, up c.27% on prior year (FY2024: £1.4bn). Its loan book exceeded a new high of £846m at the period end, up 27% on the prior year (FY2024: £666m) and ahead of previously guided range of £750m-£800m.
Additionally, DF Capital reported that stock days in the core inventory finance lending product, being the average age of loans outstanding, has reduced and remains well within sector tolerances at 129 days at the period end (31 December 2024: 140 days).
Success underpinned by commitment to customer service
Following the launch of the Group’s new asset finance product, DF Capital now has c.120 dealers and introducers signed up and accepted to originate loans, predominantly in the motorhome and caravan sector. Work is already underway, ahead of the spring sales season, to widen availability of the Group’s consumer and business asset finance products to other core sectors in which the Group operates including holiday homes, business-critical assets and marine.
DF Capital reported it completed its annual lending customer satisfaction survey and has received a net promotor score of +59, up 21pts on prior year (FY2024: +38), while expanding the numbers of dealers and introducers, reflecting the Group’s commitment to long-term customer relationships and service quality. DF Capital also received certification as a ‘Great Place to Work’, taking part in the Sunday Times Best Places to Work survey. The Group received ‘excellent’ ratings, the highest available, across all of the survey’s employee satisfaction and engagement categories.
Medium-term ambitions
DF Capital previously announced 2028 targets which remain unchanged. Following its fifth year of trading as a bank in September 2025, it has completed its medium-term planning through to 2030 and is targeting, by the year ended 31 December 2030:
- A loan book of over £1.5bn
- A cost-to-income ratio of 45%–48%
- A return on required equity of around 20%
DF Capital expects to fund this growth from retained earnings, without the need for an equity raise, and to grow tangible net assets by 10%–15% per annum.
Carl D’Ammassa, chief executive officer, commented: “2025 has undoubtedly been our best year so far. We have delivered growth and strong returns whilst also launching our new asset finance product, built from the ground up. This new product will allow us to further support our existing dealers, providing a lending product for their customers. With our dealers having annual sales of over £10bn, the market opportunity for us is significant and we expect this product to be a key component of achieving our 2030 loan book target of over £1.5bn.
“It has been humbling to reflect on our five-year journey as a bank, generating four years of profit and a track record of delivery. As CEO it is most pleasing to see the positive feedback from our customers and that our products and services continue to resonate with them. I’m proud of the DF Capital team’s achievements and delighted that they see our Company as a ‘Great Place to Work’. I’m excited as we enter this next period, with all capabilities that support our growth ambitions already in our armoury. I feel confident about the Group’s ability to deliver industry-leading returns underpinned by an exceptional service and best-in-class team.”