The record figure includes repayments on peer-to-peer loans on three caravan parks in Christchurch, Dorset – which totalled £7.6m – and a Manchester mill (£1.35m).

Since launching in 2012, Lendy has amassed over 18,000 users, while investment lent to borrowers now totals more than £342m.

Lendy’s due diligence process includes a five-phase credit assessment overseen by its credit committee to ensure that the property being charged provides an adequate level of security for the total capital and interest costs due under the peer-to-peer loan contract for the proposed term.

•   Lendy reaches £183m in total repayments to investors
•   Lendy announces repayment of its largest P2P loan
•   Lendy reports 164% profit increase

The peer-to-peer lending platform has taken a similar approach to investing in contingency planning to ensure that if problems do arise, there are suitable recovery options available.

Part of Lendy’s recovery strategy includes recruiting experienced personnel to its team.

Liam Brooke, co-founder of Lendy (pictured above), said: “We are committed to having the best recovery processes in the P2P industry to help protect investors’ hard-earned investments.

“This has been our best monthly performance to date, but we’re not stopping there.

“Our ambition is to be the most trusted peer-to-peer platform in the sector.

“Lendy’s success is based on two fundamental principles.

“We have long understood the importance of writing good loans, but we also know that it is just as crucial to have the right procedures in place if a loan does become impaired.”