High-cost lender Evlo explores £200m sale amid subprime market revival

Unbiased summary

Evlo, a UK high-cost lender formerly known as Everyday Loans, has hired advisers at Alantra to run a sale process that could value the company at over £200m. The firm offers loans at interest rates up to 252% to borrowers with subprime credit ratings. It reported impairment losses of £42.2m last year and a profit of roughly £14.2m. Evlo was previously owned by Non-Standard Finance, which faced thousands of borrower claims over allegedly exploitative lending practices and transferred Everyday Loans to a new holding company owned by its lenders under a scheme of arrangement. The sale interest comes as the UK high-cost credit market has shrunk since 2019, with around 250 firms exiting and lending capacity down by almost £3bn, according to the Financial Conduct Authority.

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Coverage by outlet

The Guardian left

Angle The Guardian's provided content contains no coverage of the Evlo story; it consists entirely of newsletter sign-up prompts unrelated to the news event.

Bias The Guardian's material does not report on Evlo at all, so it neither emphasises nor downplays any facts about the sale. Its absence of coverage means it cannot be assessed for slant on this story, though the omission itself may reflect editorial priorities.

BBC News centre-left

Angle BBC News also provides no coverage of the Evlo story; the content is solely promotional text for various BBC newsletters.

Bias Like The Guardian, BBC News does not address the Evlo sale in the supplied material, so there is no framing or deviation from the objective facts to analyse. The absence of reporting means the outlet's angle on this specific story is undefined.

City AM centre-right

Angle City AM frames the Evlo sale as a sign of a subprime lending comeback and a dealmaking revival, emphasising market opportunity and investor interest.

Bias City AM focuses on the £200m valuation, the return of subprime dealmaking, and the £2bn consumer lending gap, while downplaying the controversial nature of high-cost lending and the reasons for the market's shrinkage (regulatory scrutiny and compensation claims). It mentions the 252% interest rate and past claims against Non-Standard Finance but does so briefly, framing them as background rather than central concerns, which deviates from a neutral account by highlighting commercial upside over consumer risk.

High-cost loans firm Evlo eyes £200m sale in sign of subprime comeback