IGF increased lending to UK SMEs by 76% in the year to June 2018
IGF today announces strong year-on-year growth in the year to June 2018, with a 76% increase in funds advanced to SMEs across the UK.
To support current and future business growth, during September IGF will relocate its Head Office to new premises in Redhill, Surrey. The move and significant increase in Funds In Use underline the continued expansion and success of IGF’s asset-based lending capabilities. IGF is backed by private equity firm Spring Ventures, who recently substantially increased their commitment in the company, directly supporting this sustained growth.
IGF provides flexible funding solutions to UK SMEs, powering their freedom and helping them achieve their growth aspirations. With a deep understanding of business requirements, IGF offers proven, trusted expertise. IGF has an excellent reputation for delivery within transactions (MBIs / MBOs), refinancing requirments, restructuring activites and viable turnaround proposals. With progressive solutions recently provided to Penta Foods Ltd., EPI Group, and Thane Direct UK Ltd.
John Onslow, CEO of IGF said:
“The last Financial Year has seen another strong performance for IGF. Our asset-based lending proposition continues to excel as we provide flexible finance solutions to ambitious growth companies. We’re committed to helping our clients find the right solution for their business. Over the coming months we are looking to double the size of our asset-based lending sales team, seeking aspirational people who want to be a part of our growth story. The office move to Redhill will provide the right environment to continue our significant growth. As we look forward to the coming year and future expansion, we are very pleased to have the continued support and substantial backing of Spring Ventures.”
John Hudson, managing partner at Spring Ventues commented:
“We are delighted to see IGF go from strength to strength. Our increased commitment is a measure of their achievements to date and our confidence in the delivery of future success.”
