Centric Commercial Finance announces a record Q1

Centric has reported a record set of first quarter results, thanks to a focused key business introducer strategy and an agile new business approach.

Tim Hawkins, commercial director comments: “We have started 2014 very strongly with 13 new clients in Q1 with facilities of £48.4m, which included 10 growth and refinancing facilities and three acquisitions / MBOs. We also achieved an annual sales volume run rate of £3bn in March and a record level of funds advanced of £210m in the same month.”

This coincides with the announcement that for the second year running, Centric Commercial Finance has topped both Business Money’s All Intermediary Index with the highest score of 93 and was also first in the Top 5 Index with a score of 100.

This key report on invoice financiers’ performance in 2013 has just been published in the March/April issue of Business Money.

Intermediaries were asked to rate lenders on the management of the initial enquiry, the appraisal process through to completion and the client post completion.

The top five were Centric Commercial Finance (93%), followed by Leumi (87%), Metro Bank SME Finance (83%), Lloyds (78%) and Hitachi (78%).

Tim Hawkins, commercial director at Centric Commercial Finance comments: “We are naturally delighted to have been selected as top provider in the All Intermediary Index. The fact that this long-standing independent index has been judged by some of the UK’s leading intermediaries makes it all the more important to us. Since our inception, we have demonstrated a commitment to working closely with intermediaries to personally ensure that their clients receive the quantum, creativity, speed and certainty of funding they require. This philosophy has remained unchanged and our recent transactions bear testimony to these fundamental principles.”