Client portfolio turnover hits record levels at asset-based financier

Skipton Business Finance, part of the Skipton Building Society group, has today seen a record £1.8bn in the combined turnover of its client portfolio in 2022. 

Releasing its financial results for 2022, the company has also seen a 22% growth in total client facilities – £366.4m in 2022, from £300.3m in 2021.

Greg Bell, managing director, said: “Although the UK economy is facing turbulent and uncertain times, we have seen a record in the combined turnover of our client portfolio, indicating that our clients are going from strength-to-strength.

“We are proud to be supporting this by overseeing a 22% increase in the total amount of facilities we have made available to our clients.” 

Part of the Skipton Building Society, Skipton Business Finance has also enjoyed a record pre-tax profit of £7.3m in 2022.

Bell added: “We have a committed approach to helping both our clients, some of whom have accessed Government-Backed Loans via the British Business Bank, and new UK SME businesses in the post-pandemic and now the turbulent era we find ourselves in.

“When entrepreneurs build businesses, it affects every part of the economy.

“By championing UK-based businesses, this creates employment that has a positive knock-on effect on our communities and people’s standard of living, ultimately helping people save for their future and own their own homes.”