You are here: Home - News -

Capital Bridging reaps rewards after business revamp

by:
  • 19/08/2013
  • 0
Capital Bridging reaps rewards after business revamp
London-based short-term lender Capital Bridging Finance has recorded increased sales for the first half of the year following a revamp of its strategy.

Capital reported that lending had been rising throughout the year and had peaked in June when it completed almost £12m of business across the month.

The lender secured a funding line from HSBC at the end of 2012 and said it had focused on a select group of brokers with good reputations in the short-term lending arena this year.

It said it had also undertaken a review of its legal and valuation partners.

Managing director Keith Aldridge highlighted the firm’s performance in Scotland as a key driver for growth in the first six months of the year.

“We are delighted to say the programme has been a great success and we have been able to influence the number of quality enquiries received and are pleased to report that compared to the same period last year our offers have increased by 73% and better still our completions have increased by 81%.

“Add to these outstanding achievements the fact that our lending in Scotland is rising month on month and you can see why everyone at Capital Bridging is very grateful to our growing number of broker partners who have contributed in no small way to our success.”

In July Capital Bridging Finance placed its first ever short-term loan of over £1m, for a project located in Scotland.

There are 0 Comment(s)

You may also be interested in