ThinCats reported a record lending year with £381m provided to businesses, a slight increase from the previous year. The figures come amid challenges for UK mid-sized businesses, including global tariffs and tax increases. Despite a 24% year-on-year dip in UK M&A activity, ThinCats remains the top debt provider for M&A funding. They observed increased lending to owner-managed businesses, particularly post-Autumn Budget, and a rise in their transactional capital proposition. With total lending surpassing £2bn, ThinCats expresses confidence in market resilience and growing borrower activity in various sectors.
Over the past 12 months, ThinCats provided £381m of funding to businesses, a small increase on the previous financial year's £378m.
Lending to owner-managed businesses has surged, especially following the Autumn Budget, indicating a strong appetite in the market despite external challenges.
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