Jo Breeden, Managing Director, Crystal Specialist Finance
Crystal Specialist Finance has reached a major milestone having issued terms on over £1bn worth of business in 2015, marking a massive 62% increase on 2014’s previous record year.
From October to December the company issued terms of £316.2m – a full 55% up on the same period last year – bringing the total annual figure to £1,074m.
Further highlighting the rapid growth of the business, completions throughout the year rose by 51% while enquiries were up 54%.
Deal highlights included a £2.2m refinance for an offshore company to avoid repossession and a £470k short-term loan which took just 15 hours from enquiry to drawdown.
Crystal Specialist Finance rebranded in April to highlight its whole of market offering across five core divisions: Bridging, Commercial, Development Funding, Second Charge Loans and Specialist Mortgages.
In addition, the company increased its staff numbers by 50% to 27, including key sales, marketing and IT appointments, invested over £350k in a prestigious new head office in Tamworth and continued to develop their diverse product range by appointing over a dozen new lenders to its panel.
Jo Breeden, Managing Director of Crystal Specialist Finance, said: “Our aim in 2015 was to beat last year’s issued terms figure by 10%, but given the numbers in the first two quarters this forecast was revamped and I challenged the team to hit £1bn. This huge achievement is here for all to see.
“The rebrand has been hugely successful, brokers now fully understand our ability to secure highly specialist deals as well as secure the best options on standard applications. The numbers are up across all business sectors, bar none.
“The challenge now is to complete more business and continue the sharp upwards trend. January’s figures have surpassed those from last year, and we will continue to invest in all the right areas to ensure our service proposition continues to deliver on every promise and we individually service every application.”
Crystal Specialist Finance operates in England, Scotland and Wales. The company has access to a complete range of commercial products from over 70 lenders, including exclusive lines.
