Specialist commercial finance broker Positive Commercial Finance has announced a record-breaking set of half year results with June being their best ever month. The continuous growth of the brokerage, now in its 10th anniversary year, has highlighted a truly amazing success story.
Turnover is up by over 300% compared to the first half of 2017, and turnover to date this year has already eclipsed the figure for the whole of 2017, with profitability also at a record high. Commissions paid to introducing brokers follow the same pattern and continue at market leading percentages.
Development Finance facilities again contributed to the majority of fee income. In June alone, over £75m worth of development loans were completed.
Having now funded well in excess of 1,000 units this year, with schemes ranging from just 2 houses in Reading, to 400+ apartments in Manchester. The current pipeline includes many more schemes including a number of significant projects at varying stages of planning, or with developers gearing up to start works, throughout the country.
John Waddicker, Director, said: “We are delighted to be in such a great position to help bring some prominent property development schemes to fruition, and in being able to assist a truly diverse selection of SME developers to fund their projects. There has never been a better time for developers to take advantage of the abundance of funding options out there, as appetite from our panel of lenders is unprecedented.”