Navigate Commercial Finance records year on year growth
Birmingham broker Navigate Commercial Finance has announced year on year growth after posting a 142% increase in revenue and 180% rise on lending and approved facilities.
Navigate Commercial Finance acts an outsourced commercial finance team for their clients. The new funding facilities secured over the past 12 months has resulted in a total of 106 UK businesses having been supported since its inception across a wide variety of sectors including manufacturing, construction, retail/wholesale, recruitment, and real estate. Over this same period lending opportunities have exceeded £310m and the business has a healthy approved funding pipeline in excess of £25m.
Paul Varley, managing director at Navigate Commercial Finance explains: “Despite challenging headwinds, we’ve had an exceptional year of growth, cementing our position as one of the region’s best trusted outsourced commercial finance teams. We’ve achieved growth across all measures, increasing our lending book significantly and have a strong future funding pipeline. We’re celebrating our third year of trading and I’m delighted with the progress we’re making which is testament to the dedicated Navigate Commercial Finance Team as well as the relationships we have with our clients, introducers, and lender network. We’re currently recruiting a sales manager to strengthen the team further and have plans to open an office in Coventry. It’s an exciting time for the business and this new financial year has continued with our growth accelerating month on month.”
“There’s no question that demand for borrowing is still high for SMEs with alternative finance solutions opening the doors for many who have struggled to access the right finance previously. With business confidence having reached its highest level in seven years coupled with base rate reducing for the first time in four years, we don’t see demand for borrowing easing and with our network of pragmatic lenders and key stakeholder relationships, our role is to make the funding experience easier for both the borrower and funder. We’re helping businesses access a variety of lending solutions ranging from invoice finance, cashflow loans, revolving credit facilities, real estate finance and sizable growth in asset finance and are both confident and excited with the trading prospects for the coming 12 months.”
