One Stop Business Finance invests in office expansion to support growth

The completed project

Yorkshire-based SME funding specialist One Stop Business Finance has completed a major investment programme at its HQ to increase office space and facilitate its projected growth in both personnel numbers and client deals during 2020.

The self-funded £100,000 capital programme at OSBF’s base, ‘The Cow Shed’ in Laytham near Pocklington, has boosted office space by 150% which ensures it can accommodate additional team members in operational and management roles. Details of the new posts will be announced in the coming months, but the company is looking to boost the size of its team as the number of deals it is completing for clients UK-wide continues to grow.

In the 2019 calendar year, OSBF arranged funding valued at £18.8m for SMEs – up 65% on 2018 – in sectors as diverse as agriculture, housebuilding and call centres. A large proportion of deals were completed for clients requiring funding for growth, working capital and bridging, but specialist development lending, pre-pack funding and finance for MBOs and MBIs was also a key driver for growth.

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 info@osbf.co.uk