Wirral specialist property lender Bridging Finance Solutions starts work on building a new £2m headquarters as it looks to create more jobs. Tony McDonough reports
Property lender Bridging Finance Solutions (BFS) has started work on building its new Wirral head office.
BFS, which was founded almost two decades ago, offers short term bridging finance to developers and investors looking to move quickly on deals. It employs 27 people in Wallasey having just taken on two new area sales managers.
As part of the expansion plan BFS will retain its existing site while purchasing, demolishing and developing adjacent properties and reconfiguring existing buildings. This investment will lead to the creation of another 15 jobs, including five apprentices.
Although the firm is not required to publish full annual accounts, latest filings on Companies House shows it has net assets of more than £2m.
Managing director and majority shareholder Steve Barber said: “It’s fantastic to see work finally begin on the exciting redevelopment of our head office.
“Creating additional space for our growing team is a key element within our growth strategy and I’m really pleased to be able to make the investment in our founding home of Wallasey.
Marc Simmons and Jon Durie are the latest to join the team. Jon brings extensive experience to his new role, a former bridging finance lender with more than 20 years’ experience. Marc also has a strong background in finance.
“The appointments of Jon and Marc will allow us to strengthen our reach, both in terms of coverage, and through the cultivation of new relationships where we can support short term financing needs,” added Steve.
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“We’ve undoubtedly established our sweet spot within the market – sub £2m loans, predominantly within the north, as well as in the development finance sector.
“Our objective moving forward is to consolidate our market position and increase our market share as we head into our 20th year of business in 2025.”