In the opening quarter of 2025, specialist asset-based lender Ultimate Finance achieved a significant milestone by providing over £62 million in new funding facilities. The company delivered more than 500 financial solutions across various categories such as asset finance, working capital, and bridging finance. CEO Josh Levy highlighted the team's dedication to supporting UK businesses despite challenging economic conditions. Furthermore, the company appointed Alex Russon as regional director for Scotland, reinforcing its commitment to personalized service delivery.
In the vibrant yet uncertain early months of 2025, amidst global political shifts and economic fluctuations following events like the US elections and the UK Autumn 2024 budget, Ultimate Finance demonstrated remarkable resilience. The lender provided an impressive array of financial support exceeding £62 million in Q1. This figure was bolstered by record-breaking performance in asset finance, which alone surpassed £10 million in a single month.
Josh Levy, the visionary leader at Ultimate Finance, expressed pride in his team’s achievements. He emphasized that their unwavering focus on delivering tailored lending solutions has enabled them to exceed growth targets consistently. Even with ongoing challenges in the macroeconomic environment, Ultimate Finance remains committed to expanding its network and strengthening regional presence through strategic appointments like Alex Russon for Scotland.
This success builds upon a robust year in 2024, where the company reported a record loan book valued at £342 million. Growth was driven by an 11% increase in new business across key product lines, reflecting a 14% rise in average loan book size. In total, they disbursed £183 million in new facilities during 2024, distributed among bridging finance, asset finance, and working capital solutions.
From a journalist's perspective, this report underscores the importance of adaptability and innovation in navigating complex economic landscapes. It serves as a testament to how dedicated teams can thrive even when faced with external uncertainties. For readers, it highlights the value of partnering with firms that prioritize both customer needs and market demands while maintaining high standards of service excellence. Such stories inspire confidence in the financial sector's ability to evolve and meet evolving business requirements effectively.