SME funder reports record year at profits hit £4m

Tom Flannery, David Jones, Nick Smith
Reward Finance Group, the Leeds and Manchester-based alternative finance provider, has posted a record set of year-end figures as it continues to expand in both regions. In the year ending February the company delivered over 120 new deals, an increase of 32% over the previous year. Reward’s year-end loan book increased by 29% to £53m, which provided fee and interest income of £9m, up from £7.5m the previous year. Profit before tax hit £4m in what was Reward’s sixth full year of operation. The funder said that, foll... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...