DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC (DFCH) — Annual Report 2023

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the DISTRIBUTION FINANCE CAPITAL HOLDINGS PLC Investor Presentation. Throughout this recorded meeting, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via the Q and A tab situated in the right hand corner of your screen. Simply type in your question and press send. Company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted and publish responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll. I'd now like to hand you over to Carl Demassa, Chief Executive Officer. Good afternoon, sir. Thanks very much, Paul. We're delighted to to be here today. I made an presentation on the investor meat company platform. I'm I'm joined today by Gavin Morris, who is our chief financial officer, and we'll take you through our full year results for 2023. But given that this is our our first presentation, we thought it'd be useful just to give you a bit of a backdrop and and and introduce what we what we actually do at at at DFCAPITAL for those of you that that don't know the don't know the firm. So we are a Manchester based specialist lender who provides working capital solutions to manufacturers, distributors, and and and dealers across the The UK. The firm was founded in 2016 with the investment from Arrowcrest Master Fund, And we were originally part of the true Finn stable of of of businesses, but we demerged from true Finn in May 2019 through an IPO joining AIM. We decided, having been a specialist nonbank lender, to pursue a banking license and seek full authorization from the Prudential Regulation Authority to become a bank, and we successfully received authorization...