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UK WEALTHY INCREASE RELIANCE ON ASSETS TO SEE THEM

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					UK’S WEALTHY INCREASE RELIANCE ON ASSETS TO SEE THEM THROUGH
                  THE DOUBLE DIP RECESSION

       New analysis from personal asset lender borro sees loan values increase by
        42% from £3,500 in 2011 to £5,000 in the first quarter of 2012

       Average loan value by borro customers has increased by 525% from £800 in
        2010 to £5,000 in 2012

       Average loan value to small business owners, the self-employed and
        entrepreneurs now £20,000, up 18% from £17,000 in 2011


With the UK dealing with the fall out of its recession-hit economy, consumers are tightening
their belts ahead of another tough year. New analysis by borro, the UK’s leading personal asset
lender has revealed that the country’s wealthy are turning to their assets to help fund their
lifestyle and businesses.


New data has revealed that the average loan value taken out by consumers has increased by
42% in the first quarter of 2012. The average loan now stands at £5,000 up from £3,500 in 2011.
Likewise, the average loan value to small business owners, the self-employed and entrepreneurs
is now £20,000 a 18% rise from £17,000 last year. Additional analysis has also shown that the
average loan value taken up by borro customers has risen by 525% since 2010 when the average
loan value was just £800.


Paul Aitken, CEO of borro said: “Against the current economic backdrop, we have seen an
increasing number of high net worth individuals and small business owners using their assets to
help support them financially. This is why we have seen the average loan size taken out by
people jump by 42% to £5,000, and we anticipate that this will increase further before the end of
the year.”
Further analysis shows that the proportion of loans issued by borro in the £20,000+ range has
increased by 46% in the last 18 months.



borro offers small business owners, entrepreneurs and all other customers short-term loans of £1,000 to
£1,000,000. Loans are secured against assets including fine art, antiques, prestige cars, luxury watches,
diamond jewellery, gold, yachts, fine wine and other high value assets. A transaction with borro is
transparent, with all rates and processes made clear from the outset. There are no credit checks and
loans can be redeemed at any time without penalty.


                                                 -ends-




Notes to Editors:

*All data from borro, correct as of May 2012

For further information please contact:
Lansons PR – borro@lansons.com / 0207 294 3678
More information can be found at www.borro.com
About borro
 borro is the UK’s leading personal asset lender. Loans of up to £1,000,000 can be offered against
   assets including fine art, antiques, prestige cars, luxury watches, diamond jewellery, gold, yachts, fine
   wine other high value assets.

   All of borro’s valuation experts have worked for leading auction houses, including Sotheby’s,
    Christie’s, and Bonhams.

   All assets are stored in secure and insured specialist vaults/premises. Most assets are stored thirty
    feet underground under time lock at a prestigious 120 year old storage facility in central London. Fine
    art, and antiques are stored at fine art storage specialists and luxury cars are stored in climate
    controlled premises.

   borro offers appointments at their valuation centre, home visits, and various premium collection
    options including same day couriers. All these services are fully insured and provided for by borro.

   All assets are fully insured whilst in storage with borro for the duration of the loan.

   Founded by Paul Aitken in 2008, borro’s investors include Augmentum Capital, European Founders
    Fund, Eden Ventures and Octopus Investments. These companies have invested in LinkedIn, We7,
    Betfair, Egg, Sportingbet, Facebook, and more.

   Borro Limited has a Consumer Credit Licence issued under Number 620035, and is regulated by The
    Office of Fair Trading. BORRO Limited’s registered address is Seebeck House, One Seebeck Place,
    Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR and the company registration number is
    6573695.

				
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