Office expansion at SME funding business
Yorkshire-based SME funding specialist One Stop Business Finance (OSBF) has completed a major investment programme at its HQ.
This is designed to increase office space and facilitate the company’s projected growth in both personnel numbers and client deals during 2020.
The self-funded £100,000 capital programme at OSBF’s base, ‘The Cow Shed’ in Laytham near Pocklington, has boosted office space by 150%. which ensures it can accommodate additional team members in operational and management roles.
Details of the new posts will be announced in the coming months, but the company is looking to boost the size of its team as the number of deals it is completing for clients UK-wide continues to grow.
In the 2019 calendar year, OSBF arranged funding valued at £18.8m for SMEs – up 65% on 2018 – in sectors as diverse as agriculture, housebuilding and call centres.
A large proportion of deals were completed for clients requiring funding for growth, working capital and bridging.
But specialist development lending, pre-pack funding and finance for MBOs and MBIs was also a key driver for growth.
One Stop Business Finance managing director, Andrew Mackenzie, said: “Completing the expansion of our offices after a four-month building project is a fantastic way to kick off 2020 which is set to be a really exciting year for our business.
“Having the space to properly accommodate our growing team is crucially important, of course, and it puts us in great shape to deliver on our growth plans for this year and beyond.”
One Stop Business Finance provides secured loans from its own funding and through its network of finance providers for SME clients who are able to offer security for their debts.