FOLK2FOLK investors earn over £17m in interest during 2023/24 tax year
South West-based FOLK2FOLK, the UK’s largest peer-to-peer business lending platform by cumulative lending, has announced that its investors earned £17.32m in interest payouts during the 2024/25 tax year, the highest total in the company’s 11-year history.
This figure highlights the growing appeal of FOLK2FOLK’s fixed-rate investments (currently from 8.5%), which offer monthly income with capital secured against UK property. The platform continues to attract income-seeking investors looking for tangible alternatives to underperforming cash accounts and volatile equity markets.
The announcement follows confirmation of the platform’s audited results for FY2024, showing record turnover of £5.92m (2023: £5.28m) and pre-tax profit of £1.84m (2023: £1.28m), its sixth consecutive year of profitability.
FOLK2FOLK, which has offices in Launceston in Cornwall and Cheltenham in Gloucestershire, has now lent over £0.75bn to British businesses, with total cumulative lending exceeding £772m.
Roy Warren, managing director of FOLK2FOLK said: “In a year when inflation challenged cash returns and the stock market remained choppy, our investors earned over £17m in fixed monthly income, and they knew exactly where their money was going.
“But crucially, their investment isn’t just working for them, it’s enabling small businesses across regional UK to start, grow, and diversify. It’s finance doing what it should by delivering value to both sides of the exchange.”
According to independent ratings agency 4thWay, average peer-to-peer lending returns over the last 10 years have outperformed stock market averages, and with far less volatility.