A Bristol-based invoice finance provider has announced a "record month" as the company continues to consolidate its mission to support the growth ambitions of small and medium sized 海角视频 businesses.
Optimum Finance said that July saw record numbers regarding funding facilities supplied to SMEs, and client turnover 23% highter than the equivalent period in 2022.
The firm recorded revenue growth of 35%, plus a 21% increase in gross receivables. Bosses said the firm has plans to "substantially increase" funding capacity to support new and future clients.
In the past year there has been an increase in diversity across Optimum Finance's portfolio, allowing it to access more businesses and spread risk exposure to any one business type or industry.
Read more: Bristol invoice finance provider bolsters team with senior appointment
Invoice Finance uses receivables (invoices) as the principal asset against which money can be raised. Optimum Finance pays its SME clients an agreed percentage of the invoice value as soon as it is submitted, driving access to liquidity at the point of invoice as opposed to needing to wait.
Ant Persse, chief executive of Optimum Finance, said the "evident successes" of the last few months are testament to the work done by Optimum’s team members and leaders.
He commented: “Optimum is deeply committed to supporting as many SMEs as possible, providing them with the critical liquidity they need, especially during these times of economic turbulence.
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“Every single member of the Optimum team is dedicated to delivering exceptional service to our amazing clients and introducers. I couldn’t be more proud of our team and what we have achieved to date. In fact, we recently decided to reward every single one of our team by recognizing them as a superstar that accompanied a reward for their incredible efforts.”
Optimum Finance’s growth is said to create more opportunities, with the company welcoming additional team members to the Sales and Operations functions in the upcoming weeks.
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