Specialist lender Simply Asset Finance has reported a £3.2m pre-tax revenue for the primary six months of the 12 months, barely down on the £3.7m it posted in 2022.
It offered £152m of funding to UK businesses throughout the interval and accomplished 1,786 new agreements.
Its income additionally rose from £18m final 12 months to £24.8m in 2023. Additionally, the lender’s mortgage e book grew by 10 per cent (or £42m) to £459m.
Simply Asset Finance has gone via a interval of progress thus far this 12 months, with the opening of a brand new workplace in Liverpool and the recruitment of 13 staff.
This consists of six business improvement executives within the Liverpool workplace, 4 space gross sales managers and two staff who’ve joined the top workplace help group.
The lender mentioned the brand new hires had been strategic to reinforce its relationships with industrial brokers and lengthen its lending to small businesses.
Mike Randall, CEO of Simply Asset Finance, mentioned: “Having had one among our strongest years but at Simply, we’re extra devoted than ever to serving SMEs and providing them the fitting help to thrive even throughout occasions of financial uncertainty and strain. Our new hires throughout the business will bolster our group with new and numerous expertise and additional help us on this objective.
“Business sentiment remains strong amongst UK SMEs but it’s important they are given the necessary support and expertise for them to remain the heartbeat of the UK economy. As such, Simply is committed to offering a funding experience that looks beyond the balance sheet and combines our people-led approach with efficiency delivering technology.”
Shekina is the industrial editor at Mortgage Solutions. She has over 4 years’ expertise within the B2B publishing market, with earlier industries together with the accounting, pet, funeral, hospitality, retail and jewelry trades.
She at present stories on present occasions within the mortgage market and liaises with monetary shoppers to supply sponsored content material.
Follow her on Twitter at @ShekinaMS
