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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Bristol financial services firm reports consecutive 'record' year

A Bristol-based financial services company has reported a consecutive record year after provided funding of more than £2.1bn to more than 3,000 SMEs.

Ultimate Finance, a specialist asset-based lender headquartered in Bradley Stoke, said its loan book had grown to a record high of £283m during 2022, amid a “turbulent” political and economic backdrop.

Figures released by the company, which has now been trading for 20 years, showed it delivered its highest ever total funding advances to clients of of £2.1bn an 11% rise on 2021.

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