Ultimate saw growth in all product areas, as measured by closing loan book, with working capital growing by 32%, asset finance by 27% and bridging finance by 9%.
New peaks were recorded in working capital which reached £166m and asset finance which grew to £136m, as bridging finance ended the year at £95m.
All three product lines saw significant origination growth, with new facilities up 37% on 2024 to a new high of £250m, made up of £89m in asset finance and bridging finance and £72m in working capital.
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The year also saw the lender increase its maximum working capital facility size to £10m, introduce a new light touch refurbishment facility and launch Optimise, a digital bridging loan.
CEO Josh Levy (pictured above) commented: “We hit record scale with a £393m peak loan book and closed the year 24% up on last year’s performance — with every product area performing well.
“We’ve strengthened our regional footprint, grown our introducer base, and deepened key relationships.
“I was also proud to join the NACFB Board, reinforcing our long-term commitment to the broker community and to championing SME funding across the UK.
“Looking ahead, we’ll continue developing our product propositions, investing in service and delivery, and backing UK businesses with funding that fits.”
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