Enra Group, the organisation under which specialist loan distributor Enterprise Finance and bridging lender West One Loans operate, has been named in the Sunday Times’ Virgin Fast Track 100.
The group was placed 22nd in the league table which ranks Britain’s 100 private companies with the fastest-growing sales over their latest three years. It is up 20 spots from last year’s position.
It also comes a year after Enra was named the 15th fastest-growing company in the UK by the Sunday Times’ Profit Track 100, which recognises the companies with the fastest-growing profits.
The specialist secured finance provider announced an operating profit of almost £9m on a pro-forma basis for 2014 and sales grew to anannualised £16.2m, representing growth of over 90% on the previous year.
Danny Waters, group chief executive of Enra, said: “To be recognised again by such a prestigious publication shows we are not just leaders in our field, but among the most ambitious and best-performing companies in the country. It’s all the more satisfying to be included in such a truly independent ranking as it is based on results alone and ours speak for themselves. Our inclusion was based on our 2014 performance and with 2015 results being even stronger, there is no limit to what we can achieve going forward.
“You are judged on the company you keep and with household names such as Innocent Drinks, Hotel Chocolat and hair care product manufacturer ghd featuring around the top of the list in recent years it gives an idea of the profile we are establishing.
“With the Enterprise Finance Secured Loan Index showing that the second charge mortgage market is almost a £1bn-a-year industry now and the profile of the products only set to increase once the EU Mortgage Credit Directive is implemented in May, demand is only set to rise. Our priority remains helping intermediaries and their clients find the most suitable financial product for their borrowing needs, but this is the cherry on the cake and benefits the reputation of the sector as a whole.”