Asset-based financial firm Ultimate Finance has reported a "record-breaking" first half after delivering £126m in new lending.
The funding company, which has offices in Bristol, Edinburgh, Leeds, London and Lutterworth in Leicestershire, said the milestone reflected the company's "continued commitment" to supporting Ƶ SMEs.
The firm's first-half results are 15% up on the same period in 2024, while its lending book reached a record £357m.
Josh Levy, chief executive of Ultimate Finance, said: “Our performance in the first half of 2025 is a clear demonstration of the success of our business strategy and represents another step towards realising our growth ambitions.
"Having all three areas of the business – working capital, asset finance, and bridging finance – working in unison is delivering real strategic value."
The company also increased its maximum invoice finance facility size over the period from £7m to £10m in a bid to support larger funding needs.
"We’ve built strong momentum, and our results reflect the strength of our team, the resilience of our local relationship-based model, and the increasing demand for our tailored finance solutions," added Mr Levy.
"Looking ahead, we are set to launch further developments in our structured finance product to address growing demand in the ABL space. We remain as committed as ever to delivering tailored funding solutions through our growing network of introducers.”
The announcement follows the news last month that Ultimate Finance had moved its Lutterworth-based asset finance team to larger premises at 18/19 Midland Court, Central Park, amid increasing demand for its services. The company has hired 16 new staff members in total in the first half of this year.
Last year, Ultimate Finance provided £58m in new asset finance facilities and marked the first time its asset finance loan book reached £100m. The company has written over £40m in the first five months of 2025, and increased its securitisation facility with Lloyds to £145m.
