BFS achieves 50% turnover growth
Bridging Finance Solutions has achieved more than 50% growth in turnover at the end of its financial year.
Steve Barber, managing director of the Wirral-based short-term lender, anticipated another 40% increase in turnover in the next 12 months.
He said: “This is fantastic news for us. We made huge strides during the past 12 months to take the business to the next level.
“We took on new members of the business development team as well as a head of underwriting, which of course helped boost resources.
“We also invested in a new internal IT system that has helped us streamline our processes, ensuring applications are managed as quickly as possible to ensure excellent service levels.”
The firm partners with high street lenders to unlock funds, with Barber adding that its work with banks, solicitors, brokers and accountants is increasing every day.
He said: “We expect to see more growth for the next 12 months and are anticipating an approximate 40% increase. We are also expanding our business development and back office team again in 2016.
“Whilst many of our customers are repeat business, we’re pleased to see a more varied customer base coming to us both in terms of geography and profile.
“We look forward to developing further with more growth, recruiting and expanding our operation from our head office in Merseyside.”