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Together takes Sunday Times Top Track accolade

by: Heather Greig-Smith
  • 30/09/2016
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Together takes Sunday Times Top Track accolade
Specialist lender Together has made it into the Sunday Times Top Track 250 for private mid-market growth companies with the biggest sales.

Together, formerly Blemain Finance, is 163rd on the league table, which will be published in the newspaper this weekend. The company, founded in 1974, has a current loan book of £1.8bn and recently announced that lending for the year ending 30 June 2016 had topped £1bn for the first time. It previously made it onto the list in 2009.

Gary Beckett, group chief financial officer at Together, said: “We are delighted to be included in the Top Track 250 which affirms our strong financial performance. Having recently announced record trading results, with profit before tax up 20.8% to £90.3m for the year ended 30 June 2016, this accolade is a welcome recognition of all we have achieved.”

Together was also recently named the second most profitable company in the North West, in a report compiled by Manchester Metropolitan University.

Marc Goldberg, commercial chief executive officer, said the company is building a strong platform for future growth. “With a team of over 460 dedicated staff, we have made significant investment in governance, our infrastructure and our distribution channels and have extended and enhanced our product offering which includes bridging finance, auction finance, residential, buy-to-let, commercial mortgages and secured loans.”

Together has also announced a £375m bond refinancing, which will support increased lending activity across the group. The company’s cost of finance on the bond has fallen to 6.25% from 9.75%.

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