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|Brightstar revenue up 44%|
|Tuesday, 22 March 2016|
Brightstar’s turnover was up by 44% for the year ending December 2015 rising to £5.3m. At the same time its profit increased by 40% as it soared past £1billion of lending in November
During 2015, Brightstar launched a development finance division and a regulated mortgage arm, Bright Mortgage Services. At the forefront of the second charge industry as it is, it became fully regulated with credit mortgage permissions in October, achieved in just 12 weeks from start to finish.
2015 was a significant year for Brightstar as Omni Equity Partners LLC (“Omni Equity”) invested in the business. Omni Equity is a private investment vehicle operated by Omni Partners LLP, a large London-based investment manager. John Jenkins, CEO of Amicus and a Partner of Omni Partners LLP, joined Brightstar’s board as a non-executive director.
Brightstar’s 2015 expansion included a 39% increase in headcount from 31 to 43. The value that it places in its staff was highlighted in October when it was awarded its gold standard Investors in People award. It is one of only 1043 companies in the whole of the UK ever to have received this so it is an incredibly high accolade achieved through the development and training of its staff.
Another significant reflection of this success, Brightstar won another ten national awards in the year, many voted for by its peers and the brokers and lenders that it works with. Following a rebrand in March, it has the strapline Made Easy at the heart of its business practices, reflecting the total dedication it has to making things easier for introducing brokers and their clients and it is clear that the awards it won were testament to the success of that.
Rob Jupp, CEO at Brightstar says, “2015 was an incredible year. Who would have known when we launched five years ago that in such a short time we would have achieved over £1billion of lending and would receive such a tremendous vote of confidence as the investment by a globally renowned company such as Omni Partners. It makes me feel very humble and incredibly proud of all Brightstar staff that this success is down to.
“We are not slowing down our growth plans however, this year we will be expanding our offices, entering new locations and slightly different markets and we aim to grow by at least 50%. We will also have the launch of our long awaited new sourcing and technology system in which we have invested heavily but which will have a very positive impact on the brokers who work with Brightstar.”
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