The company also highlighted its growth in client facilities, which are nearing the 4,000 mark. Credit: Pla2na / Shutterstock

Ultimate Finance, a specialist lending company, has reported a significant 44% increase in new lending during the first half (H1) of the year, achieving its highest-ever originations in a six-month period.

Part of the Tavistock Group, Ultimate Finance has extended £109m in new facilities in the first half of 2024, which has contributed to a 14% growth in its loan book, now standing at £340m.

The funding provided by the lender was diverse, comprising £52m in bridging finance, £29m in asset finance, and £28m in working capital solutions.

The company also highlighted its growth in client facilities, which are nearing the 4,000 mark.

In anticipation of continued growth, Ultimate Finance has announced plans to further increase its funding capacity, aiming to sustain its upward trajectory in the latter half of the year.

Ultimate Finance CEO Josh Levy said: “I am delighted to report another strong half-year performance with some significant loan book, origination, and customer service milestones met as we continue our consistent and continuous progression.

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“It is the combination of progress in multiple areas that together adds up to material advancement, with numbers just one part of the story as we reflected on in our recent Responsible Business Report publication covering our ESG commitments and priorities.”

“We are proud to work in partnership with our introducers and brokers to support the ambitions of SMEs and property investors across the UK and have welcomed dozens of new members to our team in the past 12 months to enable continued growth.”

Ultimate Finance added that it achieved an ‘Excellent’ rating on Trustpilot with a perfect score of 5 out of 5 in June, a Net Promoter Score of 73%, and has been recognised with industry accolades, including the Specialist Product of the Year at the B&C Awards.