Asset Finance
October 2025
1st in cohort
Lombard
October 2025 debenture analysis for Lombard. Asset Finance cohort, ranked 1st.
October 2025 Debenture Activity
Year-over-year comparison of debenture registrations for October 2025
| Year | 2022 | 2023 | 2024 | 2025 | YoY |
|---|---|---|---|---|---|
| Debentures | 11 | 11 | 13 | 17 | +24% |
Borrower Profile
Average borrower characteristics compared to cohort for October 2025
| Avg age (yrs) | Avg net assets | |
|---|---|---|
| Lombard | 22.9 | £21.6m |
| Cohort average | 13.5 | £6.9m |
Top Sectors
| Sector | Count |
|---|---|
| Financial services | 3 |
| Utilities | 2 |
| Water transport | 2 |
| Rental & leasing | 1 |
| Food manufacturing | 1 |
Top Regions
| Region | Count |
|---|---|
| South East | 9 |
| South West | 2 |
| North East | 2 |
| Midlands | 2 |
| Wales | 1 |
Notable New Debentures
Significant new debenture registrations in October 2025
| Date | Business | Bus. age | Region | Sector | Financials |
|---|---|---|---|---|---|
| 16/10/2025 | BLUE SKY INTERMODAL (UK) | 22.9 yrs | South East | Wholesale trade | Dec-2024, Turnover: £129.6m, Trade Debtors: £10.6m, Debts: £95.0m |
| 07/10/2025 | JOHN NIXON LIMITED | 57.9 yrs | North East | Rental & leasing | Dec-2024, Turnover: £108.3m, Trade Debtors: £18.4m, Debts: £53.8m |
| 27/10/2025 | ARGO NAUTICAL LIMITED | 60.9 yrs | Midlands | Water transport | Dec-2024, Turnover: £91.1m, Trade Debtors: £1.0m, Net Assets: £25.6m, Staff: 118 |
| 22/10/2025 | PENDENNIS SHIPYARD LIMITED | 30.9 yrs | South West | - | Dec-2024, Turnover: £66.3m, Trade Debtors: £3.8m, Debts: £5.9m, Other debts: £278k |
| 07/10/2025 | SARENS (UK) LTD | 36.9 yrs | North East | - | Dec-2024, Turnover: £70.8m, Trade Debtors: £6.9m, Debts: £9.5m, Net Assets: £17.4m |
| 03/10/2025 | N&P CRAYFORD MRF LIMITED | 4.6 yrs | South East | Waste management | Sep-2025, Turnover: £68.4m, Trade Debtors: £5.4m, Debts: £16.4m |
| 07/10/2025 | FE IRVINE HOLDING LTD | 5 yrs | South East | Financial services | Mar-2025, Debts: £33.8m, Net Assets: £4.9m, Staff: 4, Est PBT: £1.2m |
| 21/10/2025 | BOATCO UK LTD | 11 yrs | South East | Repair / installation | Jun-2024, Turnover: £18.5m, Trade Debtors: £3.9m, Other debts: £1.6m |
| 10/10/2025 | FE IRVINE WIND LIMITED | 6.6 yrs | South East | Utilities | Mar-2025, Trade Debtors: £337k, Net Assets: £-3.5m, Staff: 4, Est PBT: £-860k |
| 07/10/2025 | FE IRVINE SOLAR LIMITED | 6.6 yrs | South East | Utilities | Mar-2025, Trade Debtors: £280k, Net Assets: £-1.9m, Staff: 4, Est PBT: £-1.6m |