Finance group Crystal on target for billion pound year

A RECORD third quarter has left Crystal Specialist Finance on target for an unprecedented year

The Tamworth-based firm has surpassed its entire issued terms figure for 2014, and plans to hit one billion in 2015.

From July to September, the company issued terms of £276.3m bringing the year-to-date figure to £757.8m. This marks a 14.1% increase on last year’s annual total of £664.3m.

The quarter was further boosted with new business up 68% and completions rising a record 65% against the same quarter last year.

The firm, which previously operated under the name Crystal Mortgages, rebranded in April to highlight its offering across five core divisions.

Jo Breeden, managing director of Crystal Specialist Finance, said: “This time last year I announced that we were aiming to reach half-a-billion issued terms in 2014. To stand here 12 months later and speak of reaching a full one billion in a calendar year is nothing short of exceptional.

“The rebrand has been a magnificent catalyst for growth; numbers are up across the board as our core areas are highlighted through all marketing avenues.”