Bridging Finance Solutions (BFS) is planning to double turnover for the third year running.
Last year was a record year for the Wirral based firm. With a 102% increase in turnover in comparison to the same period the previous year, BFS anticipates similar growth for the year ahead.
Steve Barber, BFS’ managing director, said: “We have enjoyed year on year growth for the past five years, and we expect his year to be no exception.
“Our bid to double turnover obviously becomes more challenging as the figures get higher but I’m confident that we can once again meet our targets. With more deals with high street lenders as well as brokers, accountant and solicitors, we are penetrating new markets with professional services recognising the far reaching benefits of short term finance.”
2016 also saw an increase in staff, boosting the team from eight to 14 with further appointments on the horizon for the year ahead.
Barber said: “Bringing in new team members including two regional growth managers has undoubtedly supported us in exceeding our goals, giving us the infrastructure to evolve further and ultimately take us to the next level.”
Loans ranged in 2016 from £25,000 to £1.32 million, Barber explained: “We are an incredibly diverse business that works with a broad scope of clients. For those considering a loan under £50,000 to those looking for £1 million plus, we’re able to work within our client’s timeframes, using our knowledge and robust processes to unlock funds and complete deals within days, an approach that clearly makes us stand out.
“We’re excited to head in to 2017, collaborating further under existing partnerships whilst establishing new relationships across the north and beyond.”