First Quarter Update
One Stop Business Finance (OSBF) are pleased to report, that we continue to break our previous records. The quarter to the end of March saw sales increase by over 50% (an all-time high) compared with the quarter to December. And deal numbers have more than doubled, with more deals completed in the month of March than the whole of the quarter to December. Since the end of 2017, in just three months, our loan book has increased by over a third. We are delighted to report that increased profits have also followed and we remain on target to double annual turnover for the fourth consecutive year. Suffice to say the budget for the year to June 2019 looks challenging!
Substantial Residential Funding Deal
In February, we provided a residential funding line of £800,000 to Hammond (Homes of Distinction) Ltd. for a 13 dwelling site in Grimsby. OSBF have now been working with Nick and Debbie Hammond for almost a year. Progress on site is ahead of the baseline plan despite the recent bad weather and we are already looking for a second site. If you would like information on our development or refurbishment lending products, please visit www.osbf.co.uk, contact the office on 01757 289885 or email email@example.com
In March, we welcomed Chris Rowan, to our offices in rural East Yorkshire, as Business Finance Broker. After a previous career with Barclays Bank, Chris had run his own plastering business for several years, so he has a first-hand understanding of the SME Market. Chris’ arrival was just in time, as we are currently working on a number of invoice finance, fixed asset, property re-finance and commercial property mortgages, as well as a few quirky things!
We have some other very exciting recruitment plans to unveil in the near future, which will underpin the next phase of our business growth. However, for confidentiality reasons, this needs to remain under wraps for the time being.
Its a Dogs Life
Whilst we continue to strive to build a regional alternative lender, it is important that we keep our feet on the ground and remember that we are at the end of the day a family business, with a rapidly growing and very capable team. Some of you may have heard barking in the background, when you have called the office? Alfie, the 12 year old “brown dog” has become a key member of the team, being the first to the door every morning as he heads on his 50 yard commute to work. His greatest working asset is howling if we don’t answer the phone quickly enough. Unfortunately, he sleeps too much on the job, tries to steal Liz’s lunch and doesn’t make tea!
If you would like more information on the types of services and solutions available from One Stop Business Finance Ltd, please visit www.osbf.co.uk or contact the office via email at firstname.lastname@example.org or telephone 01757 289885.
“Doing the deals the banks can’t do”