The asset-based lender's portfolio highlights include providing £165m of new facilities, up 31% on 2022, and origination growth of 110% in bridging finance, with new facilities paid out of £68m and the loan book now over £70m.
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Josh Levy, CEO at Ultimate Finance (pictured above), said: “Going into 2024, our focus remains on managing the balance of risk and opportunity in volatile market conditions, and with a General Election on the horizon, we will stay consistent in our appetite and ambition.
“Some businesses understandably remain cautious in light of elevated interest rates and uncertainty, but we are confident that sentiment will continue to improve and trading conditions for many will get easier as inflation falls away.
“Our strong capital base, growing and robust loan book, relationship driven approach to funding, and partnerships with our key introducer network will ensure we fund even more businesses in 2024 and make it another successful year for Ultimate Finance.”
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