Bridging Finance Solutions has revealed another outstanding year of growth and expansion for 2016.
With a 52% increase in turnover in comparison to the same year to date the previous year, 2016 has also seen an increase in staff, boosting the team from eight to fourteen.
Steve Barber, Managing Director at Bridging Finance Solutions commented: “We have enjoyed year on year growth for the past five years, however, 2016 has certainly raised the bar. Exceeding the 50% figure in terms of turnover is beyond our forecasts and is an achievement that we’re incredibly produced of.
“Bringing in new team members including two Regional Business Managers has undoubtedly supported us in exceeding our goals, giving us the infrastructure to evolve further and ultimately take us to the next level.”
A defining development for BFS during 2016 was the firm’s celebration of its tenth birthday at the start of the year.
Steve continued: “Ten years was undoubtedly a birthday to celebrate and we couldn’t have wished for a more successful year. As well as brokers across the UK, we’ve forged closer links with the professional services sector including banks, solicitors and accountants who are increasingly using bridging funding as part of their clients finance deals. We’ve also been working with more investors and developers, providing funding for the whole life of a project, many of whom are long standing clients.”
Loans have ranged from £26,000 to £1.32million, demonstrating the flexibility of the BFS service offering. Steve concluded: “We are an incredibly diverse business that works with a broad scope of clients. For those considering a loan under £50k to those looking for £1million plus, we’re able to work within our client’s timeframes, using our knowledge, robust processes and personal service to unlock funds and complete deals within days, an approach that clearly makes us stand out.
“We’re excited to head in to 2017, collaborating further under existing partnerships whilst establishing new relationships across the country.”