Ultimate Finance reports record lending as it pledges post-Brexit support for SMEs
Ultimate Finance Group has revealed that its total loan book to the UK’s SME sector has exceeded £100 million for the first time.
The independent finance provider, which has offices in Edinburgh and Glasgow, also says there are significant further funds available to businesses looking for support during this time of post-Brexit economic uncertainty.
It claims its loan book has increased by a third in the last 12 months during a period of record growth for the business and says that, at a time when the vote for Britain to leave the EU is causing unease across the business community, its commitment to support UK SMEs is stronger than ever.
Ron Robson, chief executive officer of Ultimate Finance, which is about to embark on “ambitious” expansion plans, said: “The vote to leave the EU has caused concern for a number of our clients and for the wider business community.
“We remain fully committed to supporting UK SMEs, and with the strong financial backing of our parent organisation, Tavistock Group, we have significant resources available to us,a strong appetite to lend and a tremendous team of people to provide the outstanding service our clients deserve.
“In uncertain times it is vital that businesses have stable and reliable funding partners that they can rely on and who will not, as the cliché has it, ‘remove the umbrella when it starts to rain’.
“In Ultimate Finance, our clients have that strong, reliable and knowledgeable business partner who will support them through whatever challenges lie ahead.
“As part of Tavistock Group we have access to significant financial resources and are not dependant on financial markets or banks for our funding.
“As a privately owned business ourselves, we understand the realities and pressures facing our clients and stand alongside them.”
According to Robson, the £100 million landmark is just the beginning for Ultimate Finance.
He said: “We have ambitious growth plans that will see us strengthen our position across the traditional areas of Asset, Invoice andTrade Finance whilst also bringing an exciting and innovative pipeline of new products to market to address the changing needs of UK businesses.
“We will continue to extend our geographical reach, providing a locally based service, backed up by the strength and commitment of a national business.”
Ultimate Finance already offers a wide range of lending-based products that allows it to offer a tailored solution for virtually any business.
Robson added: “At heart and in action, we are very like the clients we serve.
“We are a lean, flexible and helpful team that specialises in giving small and medium sized businesses the support they need to respond swiftly to changing situations.
“With ample funds to lend, a passion to see our clients succeed and experienced staff that have the freedom to use their own initiative, we are in a great position to ease post-Brexit business woes and surpass our own ambitious expansion plans.”