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.
Company Growth (employees)
Type
Private
HQ
New York, US
Founded
2008
Size (employees)
69 (est)-1%
Website
borro.com
Borro was founded in 2008 and is headquartered in New York, US

Key People 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
Ray Palmer

Ray Palmer

Retail Operations Director
Paul Duncan

Paul Duncan

Chief Technical Officer

Borro Office Locations

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

Borro Metrics

Summary Metrics

Founding Date

2008

Total Funding

$177.5 m

Latest funding size

$5.9 m

Time since last funding

about 1 year

Investors

Borro's latest funding round in April 2016 was reported to be $5.9 m. In total, Borro has raised $177.5 m

Borro Financial Metrics

Revenue (2015)

£1.1 m

Gross profit

£230.5 k

Gross profit margin (2015), %

22%

Net income (2015)

(£2.2 m)

Cash (31-Dec-2015)

£384.8 k
Borro's revenue was reported to be £1.1 m in FY, 2015
FY, 2015

Revenue

£1.1 m

Cost of goods sold

£819.8 k

Gross profit

£230.5 k

Gross profit Margin, %

22%

Operating expense total

£2.3 m

Pre tax profit

(£2.3 m)

Net Income

(£2.2 m)
FY, 2015

Cash

£384.8 k

Current Assets

£847.5 k

PP&E

£149.2 k

Total Assets

£996.7 k

Accounts Payable

£652.3 k

Current Liabilities

£3.3 m

Retained Earnings

(£2.2 m)

Total Equity

(£6.3 m)

Financial Leverage

-0.2 x
FY, 2015

Income Taxes Paid

£94 k

Borro Online Presence

Borro News

Borro Company Life

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