URBAN EXPOSURE
Updated 518 days ago
Public Limited Company
- Liquidation - 11302859 (CH)
- Age: 5 years
- ID: 44435212/29
110 Cannon Street London EC4N 6EU
• 64209 - Activities of other holding companies n.e.c.
In May 2020 the board of Urban Exposure PLC decided to pursue a strategy whereby the Company would no longer write new business and would undertake an orderly wind down of its loan book to maximise returns to shareholders. This decision was subsequently reaffirmed in June 2020... Despite significant market headwinds and three national lockdowns, management has successfully reduced the Company's managed loan commitments (including capital managed for partner investors) from approximately £1 billion down to the smallest exposure on the loan book, and a corresponding reduction in the number of loans managed from 21 loans to 1 loan remaining. This has enabled distributions to shareholders of over £111 million since June 2020 (of a total forecast return of approximately £117m) and a forecast range for total shareholder returns of 72p to 73p, against a share price of 48p on 18 June 2020, the day the run-off was announced. This corresponds to a run-off IRR of approximately 72% and money..
Also known as: URBAN EXPOSURE PLC
Previous names: URBAN EXPOSURE 1 PLC
Registration numbers: 11302859 (CH)