Wirral-based Bridging Finance Solutions targets fifth consecutive year of growth

Merseyside’s Bridging Finance Solutions has revealed plans to double its turnover.

The Wirral-based company achieved a 102% year-on-year turnover increase in 2016 and anticipates similar growth over the coming 12 months.

Loans allocated ranged from £25k to £1.32m last year, during which time Bridging Finance Solutions grew its staff count from eight to 14.

The firm’s MD, Steve Barber, is confident the trend will continue in 2017.

He said: “We have enjoyed year-on-year growth for the past five years, and we expect his year to be no exception. Our bid to double turnover obviously becomes more challenging as the figures get higher but I’m confident that we can once again meet our targets.

“With more deals with high street lenders as well as brokers, accountant and solicitors, we are penetrating new markets with professional services recognising the far reaching benefits of short term finance.”

Speaking further, Steve said two regional growth managers who were among last year’s appointments have given Bridging Finance Solutions “the infrastructure to evolve further and [reach] the next level”.

He continued: “We’re excited to head in to 2017, collaborating further under existing partnerships whilst establishing new relationships across the north and beyond.”

In November, Bridging Finance Solutions signed a deal to back the Liverpool Society of Chartered Accountants, becoming the main sponsor of the organisation’s annual dinner.