Enra Specialist Finance has announced record performance in the year to 31 December 2022.
Performance in 2022 surpassed previous highs in all business lines, with record origination in Enra’s lending brand West One across all lending products and record revenues in Enra’s broking business Aria Finance.
Overall group lending performance in 2022 totalled nearly 2.0bn. and assets under management across the group rose nearly 40% in the year. 2022 saw West One deliver its highest level of originations across all product lines.
The year saw Enra bring together its two broking brands Enterprise and Vantage Finance into one entity consolidating the broking business under managing director Lucy Barrett. A move that led to Aria Finance exceeding budget and positioning the business for further success in 2023.
Enra’s second securitisation (Elstree 2) achieved tight pricing in H1 2022, and Enra secured two new funding agreements in H2 2022 to augment its existing facilities.
Danny Waters, Enra CEO, said: “2022 was a massive year for our business. Despite the market volatility the Enra team has delivered a phenomenal set of results. Our audited results will be published in early Q2, but I fully expect to deliver close to £40m of EBITDA. All of our lending lines are up on 2021, with a particularly impressive performance from our bridging and second charge businesses. I’m also delighted that combining our two master broking brands into our new specialist distributor Aria Finance has paid off handsomely.
“Some of the uncertainty that dogged the second half of 2022 remains, but I’m extremely confident in the Enra team’s ability to make their own weather and manufacture success in any market. With the equity and additional funding arrangements put in place in 2022 Enra remains extremely well capitalised, well-funded, and perfectly positioned to provide specialist financial advice and significant lending capacity through 2023.”