Investment Trusts

Develop North PLC

DVNO:LSE

Develop North PLC

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  • Price (GBX)78.00
  • Today's Change0.00 / 0.00%
  • Shares traded47.54k
  • 1 Year change-4.29%
  • Beta0.2812
Data delayed at least 20 minutes, as of Oct 25 2024 16:08 BST.
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About the company

Develop North PLC is a United Kingdom-based closed end investment company, which specializes in providing finance to the residential and commercial property sector. The Company provides debt finance to the property sector. With a focus on the North of England and Scotland, it offers finance solutions of between £0.5 million and £5 million to credible and professional developers across residential and commercial sectors. 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. It 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 retains absolute discretion to make investments for either shorter or longer periods. Its projects include Kenley Homes, Horizon Cremation, Bede Homes and Calmont Homes. The Company's investment adviser is Tier One Capital Ltd.

  • Revenue in GBP (TTM)1.72m
  • Net income in GBP861.00k
  • Incorporated2016
  • Employees0.00
  • Location
    Develop North PLCEagle House, Asama CourtNEWCASTLE UPON TYNE NE4 7YDUnited KingdomGBR
  • Phone+44 191 222 0099
  • Websitehttps://developnorth.co.uk/
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Profile

Management group(s)Tier One Capital Ltd
AIC sectorProperty - Debt
ISINGB00BD0ND667
Launch date24 Jan 2017
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

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
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/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)
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(5 yr growth rate)
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(5 yr growth rate)
Gresham House Renewable Energy VCT 2 PLC1.48m-4.69m13.60m0.00--2.43--9.21-0.0714-0.07140.02250.18240.0672-------21.32-4.84-25.29-5.0381.44---317.41----0.130.00---413.48---968.57----6.42
450 PLC0.00-485.79k14.09m----3.67-----0.0007-0.00070.000.00570.00-------11.35-39.81-11.91-57.47------------0.00-------119.50------
Kelso Group Holdings PLC141.17k-164.60k15.21m0.00202.501.75--107.750.00020.00020.00050.02320.0145--6.26---1.43---1.48-------98.73-----2.270.00------630.32------
CATCo Reinsurance Opportunities Fund Ltd277.89k8.08m16.64m0.000.69140.3401--59.9054.2454.241.87110.270.0194------56.44-1.9465.23-1.95-137.32-16.762,906.34-101.87----0.00---97.11-40.87-79.94------
London Finance & Investment Group plc4.70m4.23m18.26m4.004.310.81714.323.890.13570.13570.15060.7160.2152--59.111,174,750.0019.286.4019.866.5981.5154.9789.5967.67----0.0028.86181.7133.89138.4036.06-36.580.8548
Macau Property Opportunities Fund Ltd1.16m-15.18m18.58m0.00--0.5173--16.07-0.2456-0.24560.01870.5810.00930.033521.65---12.24-7.51-15.15-9.2021.7543.36-1,313.25-358.090.1312-0.0830.64--33.16-17.70-63.40------
Premier Miton Global Renewabls Trust PLC-2.75m-4.43m19.15m0.00--0.715-----0.2429-0.2429-0.15061.47-0.0594-------9.595.57-9.676.34--71.57--57.47---120.220.381654.5713.07--3.46-----6.22
Tekcapital PLC495.43k10.74m19.16m6.001.840.3546--38.680.05260.05260.00270.27260.0103--0.427582,571.8822.395.1722.585.2241.2694.992,167.4823.26----0.00--19.52-35.97-23.09--7.51--
Develop North PLC1.72m861.00k19.48m0.0023.470.9805--11.300.03320.03320.06580.79550.0755--118.90--3.771.114.161.2296.3597.1249.9415.47--23.750.0536410.3010.08-6.31-49.22-20.81---10.59
Tavistock Investments PLC39.49m-1.27m20.18m183.00--0.498861.890.5109-0.0023-0.00230.07050.07220.6825--3.81215,786.90-2.2010.42-2.6112.3536.6937.34-3.2313.56----0.0654--16.307.638.67--23.23--
Miton UK Microcap Trust PLC-6.43m-7.88m20.35m0.00--0.7888-----0.0796-0.0796-0.07480.5629-0.123-------15.070.6103-15.140.613--69.07--23.79---21.340.0020.7575.17--71.94-----14.76
Jarvis Securities Plc12.21m3.10m22.37m54.007.223.986.961.830.06920.06920.2730.12571.30--4.58226,143.7032.9749.0155.4484.98----25.3638.54--269.250.0443114.633.835.42-19.972.72-57.2211.38
Worthington Group plc-100.00bn-100.00bn23.71m1.00--------------0.3771------------------------0.77--0.095--------------
ICG Longbow Snr Sec UK Prop Dt Inv Ltd5.49m-12.04m24.26m0.00--0.7063--4.42-0.0993-0.09930.04530.28320.1211--359.40---26.55-0.4181-26.84-0.427392.6685.61-219.19-5.12----0.00---31.87-8.30-1,369.31------
Data as of Oct 25 2024. Currency figures normalised to Develop North PLC's reporting currency: UK Pound GBX
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