We are extremely pleased to announce a massive 9.7% increase in pre-tax profits to £2.92m, up from £2.66m, in the year ending December 2014, whilst seeing a 20% growth in client numbers.
As a company, we advanced £63.8m to our client portfolio in 2014, up 11% from the previous year which is a great result and testament to the hard-working employees of our business.
The receivables finance market remains a competitive marketplace.
We’re also very pleased to announce that, last year, we posted a 97% overall net customer satisfaction (2013: 94%) with 97% of customers “extremely or very satisfied” with the service they received.
MD Greg Bell said: “By being part of the Skipton Building Society, one of the UK's oldest and most trusted financial institutions, our business model is unique in that we have no expensive shareholder dividends and can therefore focus on understanding our clients’ businesses and developing approach-based partnerships.”
"The profit we have made means we can continue to invest in our people, our customers and our proposition to help us keep moving towards our goal of being the first choice independent provider of working capital for small to medium sized businesses in the UK," added Greg.