Description

Develop North PLC primarily provides fixed-interest loans, with the majority secured against land and/or property located in the United Kingdom. Beyond this core offering, the company also invests in other loan-based financial assets. Its investment portfolio includes various debt instruments, notably senior secured loans, as well as other forms of financing such as bridging loans, subordinated loans, and selected bespoke loan arrangements. The firm, founded in 2016 and based in Chelmsford, UK, operated under the name TOC Property Backed Lending Trust Plc until its renaming to Develop North PLC in May 2022.