- Commercial lender Vector Capital, which listed in December, said its loan book had swelled in the first quarter.

The company's loan book at 31 March was worth £38.6 million, up from £36.4 million at the end of December.

It had 69 live loans, up from 63, though the average loan size had fallen to £559,000, down from £577,000.

'Current trading in 2021 has been in line with expectations and the Company's pipeline of new loan opportunities remains strong,' Vector Capital said.

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