Mar 06, 2025 / 09:30AM GMT
Lisa Jacobs - Funding Circle Holdings PLC - Chief Executive Officer
Good morning everyone. Welcome to the funding circle full year 2024 results presentation.
I wanted to start by welcoming Tony Nicol, our new CFA. It's great to have him enroll and you'll be hearing from him later today after I've run through the results, business, and strategic highlights.
2024 has been a successful year of change and progress for Funding Circle.
A year ago, I laid out our plan to be a simpler, leaner, profitable business. And in 2024, we have delivered that.
We sold the US business for a gain on sale of 10 million pounds. We're now fully focused on the UK markets where we enjoy strong brand recognition, powerful credit, data, and technology advantages, and deliver a great customer experience.
We restructured the UK business, delivering an annualized benefit of 15 million pounds in cost savings, about half of which we saw coming through in 2024, and the remainder we'll see in 2025.
Alongside this we've continued to pay sustained growth and improved profitability.
Full Year 2024 Funding Circle Holdings PLC Earnings Call Transcript
Mar 06, 2025
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers