Bridging Finance Solutions has announced a 31% increase in sales compared to the same period last year.
The bridging and development finance specialist is once again targeting 25% overall growth for 2019, a trend that it has sustained for the past four years.
Under a highly focused long term business development growth programme, the Merseyside based firm continues to focus predominantly on the Northern market, sub £1million loans and development finance sector, all areas in which BFS is establishing a strong foothold.
The development sector has shown the strongest growth demand, multiplying fourfold since the product was launched just two years ago.
John Hardman, Head of Sales at Bridging Finance Solution explained: “The specialist finance market is maturing and the more sustainable and robust businesses are finding their niche, just as the mortgage market did in the 1990s.
“Focusing on the North, the sub-million pound sector and more recently the development finance sector is a perfect fit for us – from the self-build to the small to medium-sized developer. For many of the bigger players, these lower value ticket deals simply don’t merit the effort, however, this is the very target market we want to attract and have the resources, systems and processes in place to respond to this customer group regardless of deal size.”
During the past 12 months, BFS has also welcomed several new team members including additions to the underwriting and business development teams.
John added: “Naturally we need to strengthen our team, however, it’s important that we spend the time sourcing the right people, which I’m pleased to say we have achieved. Its undoubtedly a very exciting time for this business and we look forward to building further on this recent success.”
