Profile data is unavailable for this security.
About the company
Develop North PLC is a United Kingdom-based investment company. The Company’s principal activity is to provide debt finance to the property sector. The Company offers flexible, tailored and dependable finance solutions to a range of schemes, spanning all forms of residential and commercial development. The Company’s investment objective is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term. The Company seeks to achieve its investment objective through a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the United Kingdom. It makes investments primarily through senior secured loans although other loans such as bridging loans, subordinated loans, selected loan financings and other debt instruments. Its portfolio includes Kenley Homes, Calmont Homes, Horizon Cremation and Bede Homes. Its investment adviser is Tier One Capital Ltd.
- Revenue in GBP (TTM)1.55m
- Net income in GBP261.00k
- Incorporated2016
- Employees0.00
- LocationDevelop North PLCEagle House, Asama CourtNEWCASTLE UPON TYNE NE4 7YDUnited KingdomGBR
- Phone+44 191 222 0099
- Websitehttps://developnorth.co.uk/
Profile
| Management group(s) | Tier One Capital Ltd |
|---|---|
| AIC sector | Property - Debt |
| ISIN | GB00BD0ND667 |
| Launch date | 24 Jan 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Company will seek to achieve its investment objective through a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the UK. The Company will make investments primarily through senior secured loans although other loans such as bridging loans, subordinated loans, selected loan financings and other debt instruments may be considered if appropriate. The Company anticipates that the typical loan term will be between one and five years. The Company retains absolute discretion to make investments for either shorter or longer periods.
Managed by
| Ian McElroy, Jeff Fryer, Tristan de Gabiole, Chris Bull, Emma Black, Stewart Watson, Stewart Smith, Neil Marshall, Brendan O’Grady |
|---|
Management & contract fees
An investment adviser fee of 0.25% p.a. of the NAV less than GBP 100m and 0.5% p.a. of the NAV if GBP 100m or more. There are no performance fees payable. The contract is terminable on 6 months notice.
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deltic Energy PLC | 0.00 | -2.96m | 14.20m | 4.00 | -- | 0.6531 | -- | -- | -0.0318 | -0.0318 | 0.00 | 0.2335 | 0.00 | -- | -- | 0.00 | -10.96 | -13.85 | -12.86 | -15.44 | -- | -- | -- | -- | -- | -- | 0.0062 | -- | -- | -- | 0.9383 | -- | 79.38 | -- |
| Seneca Growth Capital VCT PLC | -2.40m | -2.67m | 14.29m | 0.00 | -- | 0.2389 | 71.79 | -- | -0.0974 | -0.0974 | -0.0853 | 0.565 | -0.1337 | -- | -- | -- | -14.89 | -3.90 | -15.04 | -3.96 | -- | -- | -- | -- | -- | -- | 0.00 | -- | -5.92 | -- | 2.84 | -- | -- | -- |
| Gresham House Renewable Energy VCT 2 PLC | 1.06m | -4.56m | 14.54m | 0.00 | -- | 2.17 | -- | 13.78 | -0.0695 | -0.0695 | 0.0161 | 0.2208 | 0.045 | -- | -- | -- | -19.45 | -4.84 | -21.50 | -5.03 | 70.24 | -- | -432.23 | -- | -- | 0.0679 | 0.1153 | -- | -413.48 | -- | -968.57 | -- | -- | 6.42 |
| Downing Strtgc Mcro-Cap Invstmt Trst PLC | -2.05m | -4.20m | 14.56m | 0.00 | -- | 0.4415 | -- | -- | -0.0873 | -0.0873 | -0.0421 | 0.7157 | -0.0556 | -- | -- | -- | -11.42 | -3.31 | -11.44 | -3.33 | -- | -- | -- | -- | -- | -- | 0.00 | -- | -152.44 | -- | -254.34 | -- | -- | -- |
| Blue Planet Fncls Grwt&Incm Invt Trs PLC | -376.13k | -484.20k | 15.18m | 0.00 | -- | -- | -- | -- | -0.0354 | -0.0354 | -0.0275 | 0.0552 | -0.1975 | -- | -- | -- | -25.43 | -- | -35.44 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -162.81 | -- | -187.64 | -- | -- | -- |
| JPEL Private Equity Ltd | -3.29m | -5.00m | 15.21m | 0.00 | -- | 0.5944 | -- | -- | -0.2724 | -0.2724 | -0.1788 | 1.50 | -0.1066 | -- | -- | -- | -16.20 | -1.28 | -16.40 | -1.29 | -- | -32.38 | -- | -150.48 | -- | -- | 0.00 | -- | 85.52 | -- | 68.85 | -- | -- | -- |
| Netscientific PLC | 1.38m | -3.06m | 15.68m | 26.00 | -- | 0.8304 | -- | 11.34 | -0.1308 | -0.1308 | 0.059 | 0.7888 | 0.0671 | 3.20 | 2.03 | 53,192.31 | -17.64 | -26.28 | -20.02 | -25.16 | 82.28 | 83.33 | -262.91 | -471.10 | 0.2836 | -243.07 | 0.0981 | -- | -9.30 | 42.48 | -29.73 | -- | -33.22 | -- |
| I (X) Net Zero PLC | 21.03k | 44.45m | 16.42m | 11.00 | 0.3424 | 0.1691 | 0.3673 | 780.56 | 0.5484 | 0.5484 | 0.0003 | 1.11 | 0.0002 | -- | 2.00 | 1,912.07 | 48.52 | -- | 48.90 | -- | -- | -- | 211,317.60 | -- | -- | -- | 0.0084 | -- | -19,523.26 | -- | -150.39 | -- | -- | -- |
| Tern PLC | -8.97m | -10.87m | 16.87m | 7.00 | -- | 0.6931 | -- | -- | -0.0295 | -0.0295 | -0.0239 | 0.057 | -0.3345 | -- | -- | -1,281,249.00 | -40.56 | -5.53 | -41.48 | -5.60 | -- | -- | -- | -440.24 | -- | -- | 0.0161 | -- | -232.45 | -- | -328.18 | -- | -- | -- |
| Tekcapital PLC | 470.40k | -23.31m | 18.36m | 6.00 | -- | 0.3938 | -- | 39.03 | -0.1499 | -0.1499 | 0.003 | 0.2352 | 0.0091 | -- | 0.2766 | 78,400.65 | -45.00 | 17.88 | -45.42 | 18.07 | 48.95 | 95.68 | -4,956.35 | 58.15 | -- | -0.0777 | 0.00 | -- | -97.87 | -38.58 | -148.34 | -- | -30.00 | -- |
| Transense Technologies plc | 3.70m | 1.67m | 18.72m | 20.00 | 11.54 | 3.89 | 9.92 | 5.07 | 0.1066 | 0.1066 | 0.2366 | 0.3158 | 0.8265 | 1.63 | 2.84 | 184,800.00 | 37.28 | 2.40 | 40.39 | 2.98 | 87.26 | 80.86 | 45.10 | 5.45 | 9.90 | -- | 0.00 | 0.00 | 34.08 | 11.48 | 59.18 | -- | -19.19 | -- |
| Premier Miton Global Renewabls Trust PLC | -2.75m | -4.43m | 19.15m | 0.00 | -- | 0.715 | -- | -- | -0.2429 | -0.2429 | -0.1506 | 1.47 | -0.0594 | -- | -- | -- | -9.59 | 5.57 | -9.67 | 6.34 | -- | 71.57 | -- | 57.47 | -- | -120.22 | 0.3816 | 54.57 | 13.07 | -- | 3.46 | -- | -- | -6.22 |
| Develop North PLC | 1.55m | 261.00k | 19.48m | 0.00 | 80.33 | 1.01 | -- | 12.56 | 0.0097 | 0.0097 | 0.0576 | 0.769 | 0.066 | -- | 129.25 | -- | 1.11 | 1.11 | 1.22 | 1.22 | 95.81 | 97.12 | 16.83 | 15.47 | -- | 6.28 | 0.00 | -- | 10.08 | -6.31 | -49.22 | -20.81 | -- | -10.59 |
| Onward Opportunities Ltd | 1.99m | 1.53m | 20.10m | 0.00 | 7.22 | 1.08 | -- | 10.09 | 0.1586 | 0.1586 | 0.1788 | 1.07 | -- | -- | -- | -- | -- | -- | -- | -- | 87.80 | -- | 76.96 | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| M Winkworth PLC | 9.27m | 1.67m | 21.94m | 56.00 | 13.10 | 3.30 | 9.93 | 2.37 | 0.1298 | 0.1298 | 0.717 | 0.5144 | 1.02 | -- | 7.14 | -- | 18.45 | 22.11 | 23.26 | 28.26 | 83.02 | 83.06 | 18.12 | 21.58 | -- | -- | 0.1036 | 69.12 | -0.4513 | 9.70 | -14.51 | 7.46 | 6.91 | 9.45 |
