Bristol-based invoice finance provider Optimum Finance has announced another record month as the company continues to consolidate its mission to support the growth ambitions of small and medium sized UK businesses.
With last month seeing record numbers regarding funding facilities supplied to SMEs, and client turnover 23% higher than the equivalent period in 2022, Optimum Finance is reaching new heights. It achieved revenue growth of 35%, and a 21% increase in gross receivables, with plans to substantially increase funding capacity to support new and future clients.
A feature of the last 12 months has been the diversity of the portfolio it supports, whilst broadening the types of businesses it can support enabling them to access more businesses, however, this diversity also supports the business spread risk exposure to any one business type or industry.
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, CEO of Optimum Finance, says the evident successes of the last few months are testament to the work done by Optimum’s excellent team members and leaders: “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,” he explains.
“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 impressive growth will also create more opportunities, with the company welcoming additional team members to the Sales and Operations functions in the upcoming weeks. With an upward trajectory predicted to continue, and record-breaking months behind them, the future looks bright for the business.