19Jan2018

BFS on track to increase turnover by 25%

Bridging Finance Solutions continues to drive forward its ambitious growth and expansion plans, revealing plans to increase turnover by a further 25% in 2018.

Following an outstanding year in 2017 which saw an upturn in turnover by 29%, the firm also welcomed a number of key personnel, whilst launching new products and developing its position as a lender of choice to the professional sector.

Steve Barber, Managing Director of Bridging Finance Solutions explained: “We have continued to develop the business year on year with strong figures in term of growth - loans and profit. We exceeded our targets in 2017 and expect to achieve similar growth levels for the year ahead.

“The appointment of a new Head of Sales, John Hardman, was an important move for the business, putting in place an extremely knowledgeable and experienced individual to guide and lead the Sales team. Another key appointment was made in former banking executive, Lee Gilmore, who joined us as Business Development Consultant). Both John and Lee add some serious weight to the team and will be instrumental in our ongoing growth plans.

“We also launched a development finance product which was an important step for us. We are keen to cater for the specific needs of the smaller developer with schemes up to £1m and offering a bespoke product has undoubtedly created more opportunities for us in this thriving area of the property sector.”

Steve added: “The prospects for the year ahead are incredibly positive.  We will continue to strengthen the business development team to ensure we have full geographical coverage, building a knowledgeable and insightful team who can guide our clients through the bridging process.

“I believe that technology will place an increasingly important role in the bridging sector and as such we are exploring new ways of working that will potentially embrace technological advances. To support this drive, we are set to embark on a programme of digital development, relaunching our website which will offer a modern facing platform to support our business development plans.

"It’s an incredibly exciting time for us and we look forward to heading in to 2018 with what I believe to be a very bright outlook.” 

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