Commercial Credit Report for Develop North PLC

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	Develop North PLC
Eagle House, Asama Court
Phone: +44 1912220099p:+44 1912220099	NEWCASTLE UPON TYNE, NE4 7YD United Kingdom	Ticker: DVNODVNO

Business Summary

Develop North PLC is a United Kingdom-based closed end investment company, which specializes in providing finance to the residential and commercial property sector. The Company provides debt finance to the property sector. With a focus on the North of England and Scotland, it offers finance solutions of between £0.5 million and £5 million to credible and professional developers across residential and commercial sectors. The Company's investment objective is to provide shareholders with a consistent and stable income and the potential for an attractive total return over the medium to long term. It seeks to achieve its investment objective through a diversified portfolio of fixed rate loans predominantly secured over land and/or property in the United Kingdom. It retains absolute discretion to make investments for either shorter or longer periods. Its projects include Kenley Homes, Horizon Cremation, Bede Homes and Calmont Homes. The Company's investment adviser is Tier One Capital Ltd.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
Yes	Yes	-	-	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
5/31/2024	11/30/2023	Yes	-	-	-	-

Industries

SIC Code	Description
6726	Unit investment trusts, face-amount certificate offices

Business Names

Business Name
DVNO
PBLT

General Information

Outstanding Shares:	24,978,201	(As of 5/31/2024)
Stock Exchange:	LON

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