Castle Trust has published its latest financial statement, as at 30 September 2018. The full detail of the statement can be found in the updated 'Supplementary Prospectus 19 01 31' document in the Prospectus Documents section of the Investments
page, and a downloadable Financial Strength Summary can be found at the bottom of the About Us
The summary is as follows:
Castle Trust is a financial organisation that continues to go from strength to strength. We are a provider of investment, mortgage and consumer lending products, employing over 230 people across our executive headquarters in the City of London, and an administration centre in Basingstoke, Hampshire. Launched in October 2012, Castle Trust’s principal shareholder is the leading private equity firm J.C. Flowers & Co., which currently manages circa £6 billion in assets.
As at 30 September 2018, customers had invested £735 million into our Fortress Bonds since they were launched in July 2014. In the last 12 months alone, interest payments of more than £13 million had been made to customers, with all payments (including capital repayments) being paid to those customers when due. Customer satisfaction was such that approximately 75% of customers reinvested with Castle Trust when their existing investment reached maturity.
As at 30 September 2018, Castle Trust’s total loan book had grown to over £708 million. This included £532 million of mortgages secured on UK based, predominantly residential, property with the remainder of the book being unsecured consumer and wholesale lending. The business also had over £118 million of cash and cash equivalents that were held in reserve to meet short term funding requirements.