Ultimate Finance has achieved a notable milestone in its lending activities, as both its asset and bridging loan portfolios have surpassed the £100 million mark by the end of the first quarter of this year. This accomplishment serves as a testament to the company’s robust performance and expansion within the lending sector.
As of the conclusion of Q1, Ultimate Finance has reported a record loan portfolio of £342 million, reflecting a substantial increase of £60 million (21%) compared to Q1 2023. Additionally, the company has provided £66 million in new facilities during the first quarter, which is more than double the amount from the same period last year. This significant growth has been evident across all of Ultimate Finance’s product lines.
Josh Levy, the CEO of Ultimate Finance, has expressed his pride in the company’s achievement, stating, “We are proud to have reached these significant milestones in our asset and bridging loan portfolios, alongside the continued strong performance across the entire business.” He has emphasized the company’s commitment to establishing a diversified multi-product asset-based lending business, with each product line achieving substantial scale and quality.
Andrew Ribbins, the managing director of asset finance and group sales director at Ultimate Finance, has highlighted the company’s dedication to delivering excellent service to its brokers and clients, with rapid decision-making and payouts as core pillars of its strategy. He has stressed the importance of scaling a loan portfolio while upholding exceptional service standards, stating, “We will not be complacent, as we continue to enhance our business capabilities.”
Liam Cavanagh, the head of bridging finance, has underscored the journey of the company’s bridging division since its establishment in 2015. He has acknowledged the significant growth trajectory and expressed delight in reaching the £100 million landmark, which demonstrates the company’s consistent appetite and focus on funding certainty and delivery even in volatile market conditions.
In conclusion, Josh Levy has reiterated Ultimate Finance’s unwavering commitment to supporting the ambitions of small and medium enterprises (SMEs) and property investors through the provision of liquidity and funding solutions. He has emphasized the company’s strong start to 2024 and its position as a key player in the market, citing the increasing importance of specialist lenders in the SME lending landscape.
The achievements of Ultimate Finance in reaching these significant lending milestones reflect the company’s dedication to providing high-quality financial solutions and support to its clients and brokers. As the company looks towards the future, it is evident that Ultimate Finance is well positioned to continue its growth and success in the lending market.