News and Announcements
Investors Central Annual Update 2015; Raises over $16m
- Published January 04, 2016 4:12PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
In 2015, Investors Central Ltd continued to grow and raised over $16M. Our third Prospectus was launched in September 2015, offering a fixed term interest security paying rates of 9% to 16% per annum, with interest paid monthly.
Finance One Pty Ltd a 100% owned subsidiary of Investors Central Ltd lends to the automotive industry, with the loan book currently sitting at over $47M.
109 new investments were introduced following successful presentation lunches, which were held in Townsville, Brisbane, Sydney and Melbourne, during 2015.
Investors Central has paid $11.9M to investors since inception in 2010 and continues to experience strong, steady growth. Investors Central made a $1.4M NPAT as at 30 June 2015 as is on track to make its forecasted June 2016 NPAT of $1.7M.
ABOUT INVESTORS CENTRAL
Investors Central was established to raise capital to fund the expansion of our automotive lending business, Finance One. Since 2010, Finance One has specialised in lending to an industry sector which has up to 4 million Australian’s looking for credit.
Finance One writes loans from $5,000 to $50,000 the loan book carrying value as at 30 June 2014 being $ 19.1M. The business has enjoyed steady growth and continues to grow through relationships with an expanding network of finance brokers.
Over the past four years Investors Central has delivered consistent steady growth in both revenue and profit. This has allowed us to continually attract new investors as we grow and pay them fixed interest returns from 9% to 16% through redeemable preference share issues. Full details of the available investment opportunities are outlined in our Prospectus.