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 firstname.lastname@example.org