Another year of growth for Merseyside property lender BFS

This year saw strong sales for the Wallasey-based business, with more than 40% of deals completed in the North of the country, with considerable growth elsewhere

Steve Barber
Steve Barber, managing director of Bridging Finance Solutions

 

Specialist Merseyside property lender Bridging Finance Solutions (BFS) is revealing a 25% compound growth across the business for the fifth year in succession.

This year saw strong sales for the Wallasey-based business, with more than 40% of deals completed in the North of the country, with considerable growth across the Midlands, the South East and Wales.

During 2019, BFS also saw a sharp increase in development finance deals completed as well as sub £1m bridging loans. Managing director Steve Barber said: “I’m really pleased to see that once again we achieved our targets of 25% growth year on year.

“We have a very clear strategy in place and continue to invest in the business, our resources, infrastructure and people to ensure we are able to meet our objectives.”

This year, the firm took on an additional two new business development managers as well as an underwriter. Mr Barber added: “We’ve brought on new staff who are already proving to be a huge asset to the business and form a key part of our development strategy moving forward.

“They understand the industry and the bridging and development finance sectors and are meeting and collaborating with new brokers and other industry professionals across the UK, educating the marketplace on the best ways to utilise this type of niche short term finance.

“We’ve given ourselves identical targets for 2020 with an anticipated growth of 25%, which we believe is very achievable.”

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