Jerrold sees profits leap
LENDER Jerrold Holdings has reported a 16% hike in pre-tax profits.
The Cheadle-based group, which operates under a string of different brand names including Auction Finance, Blemain, andd Bridging Finance saw profits jump from £45m to £52m in the year to June 30.
The company did not release its overall revenue figure, but last year this was £121m.
In April the group extended its funding line in a new facility that runs until 2017. It said its loan book stands at £1.08bn, with £50m added in the final quarter.
Jerrold was established in 1973 by Henry Moser and Barrie Pollock and is backed by private equity firm Equistone. It specialises in secured lending for residential and commercial customers across the UK and employs around 350 staff.
