Develop North PLC

DVNO · LSE · Financial Services / Asset Management

73.00GBX+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close73.00

Open73.00

Day Range72.00 – 73.00

52-Week Range60.54 – 80.80

Volume19

Market Cap19.06M

P/E (TTM)0.00

Forward P/E0.00

EPS-0.01

Dividend Yield5.37%

Beta0.06

50-Day Avg74.61

200-Day Avg75.65

About

Develop North PLC, an investment company, provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. The company also invests in financial assets, comprising loans. It makes investments primarily through senior secured loans; and other loans, such as bridging loans, subordinated loans, selected loan financings, and other debt instruments. The company was formerly known as TOC Property Backed Lending Trust Plc and changed its name to Develop North PLC in May 2022. Develop North PLC was incorporated in 2016 and is based in Newcastle upon Tyne, the United Kingdom.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMs. Michelle Percy
Employees1
HeadquartersWizu Workspace, Newcastle upon Tyne, United Kingdom, NE1 8AL, UK
Websitehttps://developnorth.co.uk

Leadership

Ms. Michelle PercyCEO & Advisory Board Member

Financials

Income Statement

Currency: GBP	2017-11-30	2018-11-30	2019-11-30	2020-11-30	2021-11-30	2022-11-30	2023-11-30	2024-11-30	2025-11-30
Total Revenue	1.35M	1.37M	-557.00K	1.35M	1.43M	1.04M	839.00K	1.51M	2.40M
Growth (%)	-	+1.71%	-140.66%	+343.09%	+5.76%	-27.03%	-19.71%	+79.98%	+58.61%
Cost of Revenue	-	-	-	102.00K	1.00K	132.00K	192.00K	84.00K	181.00K
Gross Profit	1.35M	1.37M	-557.00K	1.35M	1.43M	1.04M	839.00K	1.51M	2.21M
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	92.44%
Operating Expense	434.00K	518.00K	625.00K	498.00K	503.00K	531.00K	66.00K	256.00K	1.43M
Operating Income	913.00K	852.00K	-1.18M	856.00K	929.00K	514.00K	773.00K	1.25M	782.00K
Operating Margin	67.78%	62.19%	212.21%	63.22%	64.87%	49.19%	92.13%	83.05%	32.65%
EBITDA	913.00K	852.00K	-1.18M	856.00K	929.00K	514.00K	261.00K	1.25M	782.00K
EBITDA Margin	67.78%	62.19%	212.21%	63.22%	64.87%	49.19%	31.11%	83.05%	32.65%
Net Income	865.00K	838.00K	-1.18M	856.00K	929.00K	514.00K	261.00K	1.17M	415.00K
Net Income Margin	64.22%	61.17%	212.21%	63.22%	64.87%	49.19%	31.11%	77.48%	17.33%
Interest Expense	-	14.00K	86.00K	231.00K	1.00K	132.00K	155.00K	84.00K	367.00K
Interest Expense % of Total Revenue	-	1.02%	-15.44%	17.06%	0.07%	12.63%	18.47%	5.56%	15.32%

Balance Sheet

Currency: GBP	2016-11-30	2017-11-30	2018-11-30	2019-11-30	2020-11-30	2021-11-30	2022-11-30	2023-11-30	2024-11-30	2025-11-30
Total Assets	50.00K	22.40M	28.56M	26.40M	23.88M	22.72M	26.13M	20.89M	22.18M	26.43M
Total Liabilities	-	131.00K	3.15M	3.75M	1.28M	135.00K	4.00M	191.00K	2.24M	7.08M
Total Equity	50.00K	22.27M	25.41M	22.55M	22.60M	22.58M	22.02M	20.70M	19.94M	19.35M
Cash	-	316.00K	606.00K	523.00K	1.00M	4.54M	638.00K	1.15M	115.00K	226.00K
Total Debt	-	-	2.94M	3.75M	1.15M	-	4.00M	-	2.10M	6.78M
Net Debt	-	-316.00K	2.34M	3.23M	148.00K	-4.54M	3.36M	-1.15M	-115.00K	6.55M

Cash Flow

Currency: GBP	2017-11-30	2018-11-30	2019-11-30	2020-11-30	2021-11-30	2022-11-30	2023-11-30	2024-11-30	2025-11-30
Operating Cash Flow	747.00K	1.39M	1.18M	1.26M	681.00K	718.00K	998.00K	1.06M	575.00K
Investing Cash Flow	-10.18M	-6.34M	-295.00K	2.86M	4.96M	-7.42M	5.25M	-2.17M	-4.14M
Financing Cash Flow	9.75M	5.24M	-963.00K	-3.63M	-2.09M	2.79M	-5.73M	78.00K	3.68M
Capital Expenditure	0	0	0	0	0	0	0	0	575.00K
Free Cash Flow	747.00K	1.39M	1.18M	1.26M	681.00K	718.00K	998.00K	1.06M	942.00K
Dividends Paid	433.00K	1.67M	1.68M	808.00K	942.00K	1.08M	1.08M	1.02M	999.00K
FCF to OCF	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	163.83%
Dividend Paid to FCF	57.97%	120.26%	143.23%	64.23%	138.33%	150.00%	107.92%	96.50%	106.05%

Earnings

Report Date	Aug 31, 2017	Mar 1, 2018	Aug 31, 2018	Apr 3, 2019	Aug 30, 2019	May 29, 2020	Aug 28, 2020	Mar 31, 2021	Mar 30, 2022	Aug 10, 2022	Mar 28, 2023	Mar 19, 2025	Jul 29, 2025
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	-
EPS Actual	0.01	0.03	0.03	0.01	0.02	-0.07	0.01	0.02	0.02	0.01	0.01	0.02	0.02
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	After-hours	After-hours	-	Pre-market

Key Statistics & Ratios

Market Cap19.06M

Enterprise Value21.75M

Trailing P/E0.00

Forward P/E0.00

Price / Sales14.37

Price / Book1.00

EPS-0.01

Book Value0.748

Revenue (TTM)1.43M

Gross Profit (TTM)-52.00K

Profit Margin-18.11%

Operating Margin-19.76%

Return on Equity-1.31%

Return on Assets-1.10%

Shares Outstanding26.03M

Shares Float14.23M

Beta0.06

Dividend Yield5.37%

Dividend Rate0.04

Payout Ratio0.00%

Dividends

20263×

0.01Sep 10, 20260.01Jun 25, 20260.01Mar 12, 2026

20254×

0.01Dec 18, 20250.01Sep 11, 20250.01Jun 12, 20250.01Mar 20, 2025

20244×

0.01Dec 5, 20240.01Sep 12, 20240.01Jun 13, 20240.01Mar 7, 2024

20234×

0.01Dec 7, 20230.01Sep 7, 20230.01Jun 8, 20230.01Mar 16, 2023

20224×

0.01Nov 24, 20220.01Sep 8, 20220.01Jun 9, 20220.01Mar 3, 2022

20214×

0.01Nov 18, 20210.01Sep 9, 20210.01Jun 10, 20210.01Mar 11, 2021

20201×

0.01Mar 5, 2020