The Brightstar Group has reported a record year in 2019, completing nearly £1.2bn throughout the year, which represents a 13.6% increase on 2018 completions.
The distributor delivered a 26.5% increase in new business and 10.9% growth in turnover to £9.22m. This lead to a 27.1% increase in pre-tax profit on 2018.
It said the growth has been delivered through the success of Brightstar’s core specialist distribution business and the emergence of Sirius Property Finance as a player in large debt transactions.
Rob Jupp (pictured), group CEO at The Brightstar Group, said: “Much of 2019 was shrouded by a cloud of political uncertainty, which certainly dampened activity in the market. So, it’s particularly pleasing that the Brightstar Group was able to record its strongest year to date set against this difficult backdrop and this is testament to the dedication and quality of our fantastic team.
“We have a great foundation to build upon as we move into 2020 and have already recorded our best January on record, with completions up by 26.1% on last year. The industry as a whole is in a great space, particularly in the specialist sectors and we will continue to invest in educating consumers and introducers as we look to grow the market and therefore the opportunity for brokers.”
