The UK Alternative Finance sector, which includes peer-to-peer lending, crowdfunding and invoice funding, has broken the £1 billion barrier for the first time in December 2013, according to Liberum AltFi Index data.
This data is the first in a series to be produced by Liberum AltFi Index, a collaboration between Liberum and AltFinance News, the leading media site for the UK P2P sector. It is intended to establish a range of Liberum AltFi Index data on the UK Alternative Finance sector.
"This exponential growth of UK P2P volumes, albeit at a still modest level of £1bn, demonstrates that the internet-driven disintermediation of traditional banks is well underway”, said Liberum Analyst Cormac Leech, who cover Banks and Other Financials
“In the near term, UK P2P volumes will accelerate due to FCA regulation from April, likely ISA-ability in 2014, along with the arrival of a wall of yield-starved institutional capital. Banking is essentially about information and legal contracts making it as digitisable as music. Banks need to rapidly re-invent themselves to stay relevant over the next decade," he added.
An article on AlfFinance News regarding the exclusive research from the Liberum AltFi Index and comments from industry players can be found here >>.
Liberum is also a sponsor of the AltFi 2014 Summit, being held March 11. It is the first European focused event for the emerging Alternative Finance space, including P2P lending, crowdfunding and invoice funding.
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We are pleased to present our new corporate image to the market. It marks an important phase in our business which has grown from a start-up in 2007 to an established partner for investment institutions and corporate clients today.
“After six years we now represent 69 listed companies with an average market cap of £198m," said Liberum CEO Simon Stilwell. "Our research team of 35 analysts now cover 80% of the FTSE 100 and 50% of the FTSE 250 – more than 300 companies across 18 sectors.
“Today’s new corporate branding paints a more accurate picture of Liberum’s ambition in the market through our belief in innovation, independence and dynamism."
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The small and mid cap sector has outperformed all other global assets classes over one- and five-year periods, excluding Japan. But not all companies enjoyed the ride and that momentum has eased at the close of 2013.
Joe Brent, Liberum's well-regarded Head of Equity Research, is the UK expert in this sector and is to host a breakfast for professional investors on whether a shift from value to growth is underway.
If you're a private client broker or institutional investor and wish to attend Joe's breakfast then email Liberum's Corporate Access Manager Jenni Herbert.
It will take place on Friday 17 January at 08:30 hours at Liberum's London offices.
If you are a professional investor (we're unable to respond to retail investors) and would like to receive a copy of the Liberum Small & Mid Cap 2014 Annual then contact Joe.
Above: Joe Brent, Liberum's Head of Equity Research
Liberum has been named corporate broker to Mears Group plc, a social housing repairs and maintenance provider with a £480m market capitalisation. The company provides rapid response and planned maintenance services to local authorities and registered Social Landlords. It is also a domiciliary care services provider. The company operates its business through three segments: Social Housing Services, Care Services and Other Services. Mears was founded in 1988 and is headquartered in Gloucester.
Investment Banking contact: Steve Pearce +44 (0)20 3100 2222
Research: Will Shirley
Sales: Jeremy McKeown
Liberum Media Analyst Ian Whittaker was cited in a Telegraph article headlined 'BBC and ITV to fight 'free giveaway’ of their programmes' in December 2013. Ian was recently shortlised as Analyst of the Year in CityAM's annual awards.
Liberum by the numbers
Liberum's Sales Trading operations has expanded with the appointment of Drew Hendrickson as Senior Sales Trader focusing on the U.S. equity client base.
Drew joins us after four-and-a-half years with Macquarie Securities Group. Prior to that he spent three years with Instinet Europe. In both cases he helped build a European presence amongst US customers with his experience and knowledge of the non-dollar product that spans over 20 years.
Prior to his seven years in London, Drew spent 12 years with Merrill Lynch & Co in New York on the International Equity platform. This was preceeded by three years with Merrill Lynch Asset Management in Princeton in the back office and as an overnight Asian trader. He attended the University of Richmond, Va. and Christian Brothers Academy in Lincroft, NJ.