DF Capital reports £460m in Q3 new loan originations

DF Capital has reported continued growth momentum in its third-quarter trading update, with record quarterly new loan originations of £460 million, up 30% year-on-year, and a loan book reaching £759 million, a 26% increase from the same period last year. The company’s newly launched asset finance division also reached an early milestone, closing the quarter with a £10 million loan book just weeks after its August launch.

The specialist bank, which provides working capital and inventory finance to UK dealers and manufacturers, said total loan origination in the year to date has now exceeded £1.3 billion, driven by strong demand across core sectors and early momentum from new lending products.

Average stock days — the length of time loans remain outstanding — stood at 123 days, down from 142 days a year earlier, reflecting stable portfolio turnover. Portfolio quality remained within expectations, with total arrears and balances in legal recovery accounting for 1.5% of the Group’s total loan book, up slightly from 0.9% a year ago but remaining within the Group’s risk appetite.

New asset finance division gains traction

Launched in August 2025, DF Capital’s asset finance division has already attracted more than 100 dealers and introducers approved to originate loans through its platform, which was developed in partnership with Lendscape. The division lends to both businesses and consumers and aims to diversify the Group’s product offering beyond its core inventory finance base.

The Group said the early progress in asset finance lending has been “encouraging” and that it expects a measured rollout for the remainder of 2025, with plans to accelerate growth in 2026.

Chief Executive Officer Carl D’Ammassa said the company’s strong performance reflects both growing market share and the successful execution of its diversification strategy.

“The Group has seen another period of outstanding growth. We are executing on our strategic plan and have a significant runway for further expansion across all our lending products,” D’Ammassa said. “We are pleased with the start we have made with our asset finance product, the market for which is several times larger than our core inventory finance offering. We enter the final quarter of the year confident of achieving full-year results in line with market expectations.”