The £342m loan book was accompanied by a 14% growth in its average loan book while £100m milestones were reached for the first time for bridging finance and asset finance.
The firm provided £183m in new facilities, an 11% rise from 2023, split between £80m in bridging finance, £58m in asset finance and £44m in working capital.
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Josh Levy, CEO at Ultimate Finance (pictured above), said, “Our focus in 2024 was to drive growth in our business by having all areas of the business firing together to deliver on our mission to lend more money than ever to UK businesses.
“This has only been possible because of the investment we have made in developing our market leading capabilities to ensure we are easy to deal with and to get funding out to SMEs as quickly as possible.
"Our record loan book of £342m and 11% increase in new business origination demonstrates that we are successfully delivering on our strategy.”
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