You are here: Home - News -

Shawbrook declares intention to float

  • 12/03/2015
  • 0
Shawbrook declares intention to float
Specialist lender Shawbrook has joined the ranks of challenger banks listing on the stock exchange in recent weeks and announced its own plans for an initial public offering (IPO).

The bank expects to raise gross proceeds of approximately £90m from the offer and expects to have a free float of at least 25% of its issued share capital.

Just this week Aldermore released over 39 million new shares onto the market on its first day of conditional trading after it abandoned plans to list on the London Stock Exchange in October.

Shawbrook bases its business model on lending to consumers in sectors that are underserved by traditional high-street banks and operates in five divisions: commercial mortgages, asset finance, business credit, secured lending and consumer lending.

Richard Pyman, CEO of Shawbrook, said: “Our focus on specialist teams, working in carefully selected markets and with a human approach to decision-making to deliver excellent customer service, has enabled us to develop a clearly differentiated business with impressive returns.

“It has enabled us to build a diversified, well-collateralised and growing book, increasing customer loans by over £900m to £2.3bn in the year to 31 December 2014, while achieving an underlying profit before tax of £49.1m, all supported by a prudently structured retail deposit funding base.”

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
Alan Cleary
Precise completes fourth securitisation deal for £205m

Precise Mortgages has completed its fourth securitisation for £205m bringing its total issuance since December 2013 to more than £800m.