Devon and Cornwall Securities

What Devon and Cornwall Securities does

Devon and Cornwall Securities is a UK private limited company, founded in 1983 by Dugald Sproull and Peter Cameron, that operates as a specialist non-status commercial lender. Headquartered in Camelford, Cornwall, the company lends money secured exclusively on commercial property throughout England and Wales, deliberately excluding Scotland and Northern Ireland. Its product is a single long-term, interest-only loan facility structured like a bridging loan but with no fixed repayment term: borrowers may retain the facility indefinitely by maintaining monthly interest payments, and loans are advanced at up to 65% of the 90-day Chartered Surveyor valuation or purchase price (whichever is lower), sized between £30,000 and £2,000,000 as standard with director-approved exceptions.

The core underwriting proposition is lending decisions based solely on property value rather than borrower income, credit history, business plans, or status — addressing borrowers (including individuals, companies, partnerships, trustees, and SIPPs) who cannot satisfy mainstream bank criteria. The company accepts an unusually wide range of specialized commercial property types as collateral, including boatyards, farms, MOT centres, hotels, pubs, B&Bs, harbours, golf courses, and large commercial buildings intended for future development. Operations are run by a lean seven-person team, with the original founders still active alongside second-generation Sproull family directors (Daniel and Zoë) handling AML/FCA compliance and case management.

Revenue is generated through three streams: monthly interest income at rates from 1% per month, a one-time 2.5% facility fee (minimum £2,500), and a 3-month interest redemption fee. Distribution is hybrid — primarily through a network of commercial finance brokers (the company is a patron of the National Association of Commercial Finance Brokers, NACFB), supplemented by direct enquiries via phone, email, and an online application form on the company website. The business is family-owned, has no external institutional investors, and has not publicly disclosed revenue, loan-book size, or transaction volumes.

Name

Devon and Cornwall Securities

Legal name

Devon and Cornwall Securities Ltd

Website

https://devonandcornwallsecurities.co.uk

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1–10 employees

Short description

Devon and Cornwall Securities is a family-owned UK non-status commercial property lender, founded 1983, offering long-term interest-only loans secured on commercial real estate across England and Wales, distributed primarily through commercial finance brokers and direct online applications.

Ownership category

akta.pro rank

Product category

Specialist Commercial Property Lending

NAICS

Commercial Banking (522110)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE)

Keywords

• Commercial property loans
• Non-status lending
• Bridging finance
• Interest-only mortgages
• Specialist property lending

Headquarters

HQ city

Camelford

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Interest Income: Monthly interest charges at rates from 1% per month on Interest Only basis. Core recurring revenue from loan portfolio.
2. Facility Fees: 2.5% facility fee charged at loan origination with a minimum of £2,500. One-time upfront fee collected at loan initiation.
3. Redemption Fees: 3 months' interest charged on redemption. Exit fee collected when loan is repaid.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Devon and Cornwall Securities is a non-status commercial lender offering long-term, interest-only loans secured on commercial property throughout England and Wales. Loans are underwritten solely on property value (up to 65% of 90-day Chartered Surveyor valuation or purchase price) with no income, credit history, or status checks, and have no fixed repayment term so borrowers can repay whenever they choose.

Product overview

Devon and Cornwall Securities is a non-status commercial lender offering a single core product: long-term interest-only loans secured on commercial property throughout England and Wales. Founded in 1983, the company provides financing based solely on property value (up to 65% of 90-day valuation) with no status requirements. The company operates through broker partnerships and an online application process, serving individual borrowers, companies, partnerships, trustees, and SIPPs.

Differentiator

Problem solved

Functional benefit

Products and services

• Non-Status Commercial Property Loans Long-term, interest-only loans secured on commercial property throughout England and Wales for individuals, companies, partnerships, trustees and SIPPs. Lending up to 65% of the 90-day Chartered Surveyor valuation or purchase price (whichever is lower), from £30,000 to £2,000,000 (higher with Director approval), with no fixed repayment term and no status-based underwriting.
• Broker Services Dedicated services for commercial finance brokers and intermediaries arranging non-status property loans for their clients, including a broker information pack, direct access to the underwriting team, and expedited processing through experienced commercial solicitors.
• Online Finance Application Digital application process enabling prospective borrowers to submit loan applications for commercial property financing directly through the company website, with initial enquiries also accepted by phone or email.

Quantifiable outcome

• Loan offers are time-limited with completion required within 28 days of receiving valuation
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• National Association of Commercial Finance Brokers (NACFB)coreChannel Partner/ Reseller/ DistributorDevon and Cornwall Securities is a patron of the NACFB, indicating a significant membership and industry relationship. As a patron member, the company works with a wide range of brokers and intermediaries within the commercial finance sector. This relationship provides access to broker-sourced deal flow and positions the company within the NACFB network of non-status commercial lenders.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• LendInvest: UK property finance platform combining bridging, development, and buy-to-let lending with a digital origination model. Comparable to D&CS in property-backed lending focus, but with technology-driven origination and institutional capital partners.

Direct peers

• Precise Mortgages: Specialist UK mortgage lender (part of OSB Group) focused on borrowers with complex incomes, credit histories, or property types. Comparable to D&CS in underwriting flexibility and serving non-mainstream borrower segments, though much larger scale.
• West One Loans: UK specialist lender offering bridging, development, and commercial property finance to borrowers who don't fit mainstream criteria. Highly comparable to D&CS in target customer (non-status borrowers), property-backed lending model, and broker-driven distribution.
• Hope Capital: UK bridging and development finance specialist lender with broker-led distribution. Comparable to D&CS in its short-to-medium-term, property-secured, broker-sourced lending model targeting complex borrower situations.
• Together Money (Together Financial): Specialist UK lender serving self-employed, near-prime, and non-standard borrowers with secured and bridging finance. Comparable to D&CS for its specialization in borrowers turned away by high-street lenders and its property-secured loan book.

Broad incumbents

• Aldermore Bank: UK challenger bank offering specialist mortgages, commercial property finance, and asset finance. Comparable to D&CS in commercial property lending, but with broader retail banking franchise, institutional scale, and FCA-regulated status.
• Shawbrook Bank: UK specialist challenger bank providing commercial mortgages, development finance, and bridging loans. Comparable to D&CS in property-secured specialist lending, though with substantially larger balance sheet and broader product suite.
• OneSavings Bank (Kent Reliance): UK specialist bank offering buy-to-let, commercial, and development finance through its Kent Reliance and Precise Mortgages brands. Comparable to D&CS in specialist property-secured lending, though at materially larger institutional scale.
• Close Brothers: UK specialist banking group with significant commercial property, asset finance, and lending operations. Comparable to D&CS in commercial real estate finance, but operating at substantially larger scale and broader product offering.
• Paragon Bank: UK specialist bank focused on buy-to-let, commercial, and development finance. Comparable to D&CS in property-secured lending to non-mainstream borrowers, with deeper institutional scale and FSA-regulated status.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/devonandcornwallsecuritiesltd
• LinkedInlinkedin.com/company/devon-and-cornwall-securities-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Devon and Cornwall Securities