19Jan2018

Bridging Finance Solutions reports over 50% growth

Wirral based Bridging Finance Solutions has announced more than a 50% growth in turnover at the end of its financial year, with similar levels of growth anticipated for the year ahead.

Steve Barber, Managing Director of Bridging Finance Solutions 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.”

A more buoyant property market and increased confidence in the bridging sector as a viable short term alternative to funding has also been cited as a key factor in the growth.

Steve added: “We are partnering more and more with high street lenders as a way of unlocking funds, ensuring deals are completed in the time available. Our work with banks, solicitors, brokers and accountants is increasing every day as they become more aware of the various ways bridging can be used and how and where to use it.”

The business is on track for further growth. Steve added: “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.”

« Back

Latest newsRss

  • Fast funds in six days

    Property Loans (UK) Ltd, were faced with a time critical challenge by one of their long standing development clients urgently needing a £500,000 loan completing in under one week.

  • Silver bridger's on the up at BFS

    Bridging Finance Solutions (BFS) has reported a sharp increase in ‘silver bridger's’ during the past 12 months, a trend the firm expects to continue into 2018.

  • BFS launch development product for sub £1m-loan market

    Bridging Finance Solutions continues to offer short term lending support to the smaller developer, launching a bespoke product catering for loans at a value of sub-£1 million.

  • 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.

  • How short term bridging can compliment traditional funding

    Bridging Finance is increasingly being used by both individuals and businesses as a short term solution that complements and supports traditional long term lending.

Accreditations Ombudsman Accreditations Astl NACFB