CCR Magazine

You are here  :Home arrow News arrow Ultimate Finance celebrates success as ‘SME funding partner’
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Ultimate Finance celebrates success as ‘SME funding partner’ PDF Print E-mail
Wednesday, 31 January 2018
Leading SME funding partner, Ultimate Finance has announced a record-breaking year of lending, with a 47% increase in cash lent to UK businesses, following investment in its national footprint, digital offering and its strong core product range. 

Increased growth has been especially strong across its Invoice Finance (up 42%), Asset Finance (72%) and Trade Finance (44%).

The lender also launched two new products to market, the Cash Advance - the ‘fastest loan on the market’ – and Purchase Finance, a unique product which enables businesses to fund the purchase of goods including perishables and raw materials.

Ultimate Finance also enjoyed growth in its client base, with a year-on-year increase of 32%. In particular, Ultimate Loan clients increased by 78%, with Trade Finance customers up by 56%.

The company expanded its national footprint, relocating to a bigger Bristol office to accommodate an increase in headcount, and opening another branch in Maidstone to support businesses in the South East.

Ron Robson, CEO at Ultimate Finance, commented: “The reason behind the investment is simple. Our team talk to small business owners on a daily basis and hear all about the problems they’re faced with. It’s been a difficult year due to political uncertainty following Brexit negotiations, which has caused market unease. Despite this, the number of active businesses in the UK has continued to grow and finding ways to better support them and meet their needs with new and unique products was extremely important to us.

“I think the consequential increase in lending demonstrates the team’s unwavering commitment to the small business community. The success we’ve achieved in the past 12 months is down to the exceptional hard-work and as we look to 2018, championing small businesses will remain a top priority and we hope to continue making waves in the market.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197