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We believe that people who own luxury assets should be able to borrow against them or sell them with speed, privacy, and impeccable service.
For too many people, much-needed liquidity – required to seize opportunities or address unplanned events – is trapped in these lovely but illiquid luxury assets.
Banks don't provide these loans or purchases – unless you've got several million pounds on deposit. Nor do auction sites, galleries or antique dealers.
Borro does. We make loans and purchases swiftly and store your luxury assets in locations that are used by museums and auction houses.
We will arrange for the collection of your luxury assets or you can bring them yourself to one of our valuation centres for appraisal by one of our experts. They've all spent many years at places like Sotheby's, Christie's and Bonhams.
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TypePrivate
Founded2008
HQNew York, US
Websiteborro.com
Employee Ratings3.1

Latest Updates

Employees (est.) (Feb 2019)49
Revenue (FY, 2017)£16.7 M(+25%)

Key People/Management at Borro

Paul Aitken

Paul Aitken

Founder and CEO
Sean Helmes

Sean Helmes

Product Manager
Claire Barrington-Jones

Claire Barrington-Jones

VP of Client Services
Matt Hawksworth

Matt Hawksworth

SVP of Operations
Samantha Lilley

Samantha Lilley

Head of Valuation
Jay Gohil

Jay Gohil

Senior Online Marketing Manager
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Borro Office Locations

Borro has an office in New York
New York, US (HQ)
767 3rd Avenue
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Borro Financials and Metrics

Summary Metrics

Founding Date

2008

Borro total Funding

$184.3 m

Borro latest funding size

$6.79 m

Time since last funding

2 years ago

Borro investors

Borro's latest funding round in January 2017 was reported to be $6.8 m. In total, Borro has raised $184.3 m
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Borro Revenue

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Borro's revenue was reported to be £16.70 m in FY, 2017
GBP

Revenue (FY, 2017)

16.7m

Gross profit (FY, 2017)

2.4m

Gross profit margin (FY, 2017), %

14.2%

Net income (FY, 2017)

(14.4m)

EBITDA (FY, 2017)

(6.5m)

EBIT (FY, 2017)

(6.6m)

Cash (31-Dec-2017)

5.4m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1m11.0m13.4m16.7m

Revenue growth, %

Cost of goods sold

2.0m638.1k757.5k14.3m

Gross profit

(900.7k)10.4m12.7m2.4m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Cash

756.9k2.1m2.0m5.4m

Accounts Receivable

12.8k32.9m51.5m

Inventories

16.0k15.5k9.4k

Current Assets

1.1m35.8m54.6m32.9m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(4.1m)(5.0m)(3.4m)(14.4m)

Cash From Operating Activities

(8.5m)(15.9m)24.4m

Cash From Financing Activities

13.0m22.8m(14.4m)

Net Change in Cash

644.4k960.7k3.5m
GBPY, 2017

Revenue/Employee

241.0k

Financial Leverage

-2.2 x
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Borro Online and Social Media Presence

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Borro News and Updates

American Financial Benefits Center: FTC's Consumer Protection Actions Can Help Student Loan Borrowers

EMERYVILLE, Calif., Aug. 16, 2018 /PRNewswire/ -- American Financial Benefits Center (AFBC), a document preparation company, applauds the Federal Trade Commission on its accomplishments in protecting consumers, promoting competition and maximizing resources. The company believes that...

Ameritech Financial to Student Loan Borrowers: Don't Fall for Emergency Scam Calls --Follow FTC Advice on How to Handle Them

ROHNERT PARK, Calif., Aug 16, 2018 /PRNewswire/ -- A woman is out shopping and receives a phone call. The caller claims to be her nephew, who is apparently in Cancun, Mexico, in jail. He says he needs bail immediately. The caller uses an urgent tone, emphasizing what an emergency he is...

Turkey Reverts Back to ‘Stealth’ Tactics to Hike Borrowing Costs

Turkey Reverts Back to `Stealth' Tactics to Hike Borrowing Costs

Turkey Reverts Back to `Stealth' Tactics to Hike Borrowing Costs

Turkey Reverts Back to `Stealth' Tactics to Hike Borrowing Costs

Ameritech Financial Cautions Student Loan Borrowers Struggling With Repayment to Be Wary of Get-Rich-Quick Schemes: Heed FTC Warnings

ROHNERT PARK, Calif., Aug. 15, 2018 /PRNewswire/ -- The rise of Amazon's Marketplace has made it easier to make supplemental income with relatively little time invested. How much money can be made selling products on Amazon? According to the Sellers Playbook, a series of workshops that...
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Borro Blogs

Free Infographic: Dissecting the Complexities of Investment-Level Watches

According to the Knight Frank Luxury Investment Index, watch investments have appreciated 73% over the last 10 years. That’s right, investing in a luxury watch has been a very strong financial decision in recent years, along with other luxury goods. When looking to purchase a luxury watch, one may b…

Borro Benchmarks: The Collectability of the Audemars Piguet Royal Oak Concept

The post Borro Benchmarks: The Collectability of the Audemars Piguet Royal Oak Concept appeared first on Borro Private Finance.

Borro Benchmarks: The Collectability of the Audemars Piguet Haute Joaillerie Collection

The post Borro Benchmarks: The Collectability of the Audemars Piguet Haute Joaillerie Collection appeared first on Borro Private Finance.

Growth and Trends in the Wine Auction Market

The post Growth and Trends in the Wine Auction Market appeared first on Borro Private Finance.

Borro Benchmarks: The Collectability of the Audemars Piguet Royal Oak Offshore

The post Borro Benchmarks: The Collectability of the Audemars Piguet Royal Oak Offshore appeared first on Borro Private Finance.

Borro Benchmarks: The Collectability of the Audemars Piguet Royal Oak

The post Borro Benchmarks: The Collectability of the Audemars Piguet Royal Oak appeared first on Borro Private Finance.
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Borro Company Life and Culture

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Borro Frequently Asked Questions

  • When was Borro founded?

    Borro was founded in 2008.

  • Who are Borro key executives?

    Borro's key executives are Paul Aitken, Sean Helmes and Claire Barrington-Jones.

  • How many employees does Borro have?

    Borro has 49 employees.

  • What is Borro revenue?

    Latest Borro annual revenue is £16.7 m.

  • What is Borro revenue per employee?

    Latest Borro revenue per employee is £340.7 k.

  • Who are Borro competitors?

    Competitors of Borro include United Community Financial, First of Long Island and Park Sterling.

  • Where is Borro headquarters?

    Borro headquarters is located at 767 3rd Avenue, New York.

  • Where are Borro offices?

    Borro has an office in New York.

  • How many offices does Borro have?

    Borro has 1 office.