The key takeaway from the recent Q1 trading update was that successful deployment of the IPO funds has underpinned a successful start to the year. The end March 2021 loan book at £38.6m is well on track to meet our £40m end FY21 target. Growth isn’t necessarily linear; that target also includes regular redemptions due over the remaining nine months, and quarter end data won’t necessarily reflect the underlying trend. However, VCAP confirms a healthy new business pipeline which supports our proje ....
