Steven Adams, director at Simply Factoring Brokers, said: “The expansion to Manchester has been part of our plans for three years. It is incredibly satisfying to see it come to fruition.”
The factoring brokerage’s turnover has increased by 250% in the last 18 months and the company is looking to sustain the level of growth only a matter of months since it opened its second office in Eastbourne. The Newport-headquartered firm has plans to expand into other areas of the UK over the next two years; including the Midlands and Scotland.
Mr Adams continued: “The north west is huge area of growth for the business, and with the implementation of the northern powerhouse; it’s a fantastic opportunity to work in a flourishing local economy. We’ve seen the upturn in business in our Newport office over the past 12 months with the introduction of Friars Walk; I’m sure the business community in Manchester will be seeing a similar benefit on a larger scale.”
When asked on the current capacity of the business, Mr Adams said: “Currently, we are placing up to 15 deals per calendar month but this is going to increase to up to 20 by the end of this year. By the summer of 2017, we have forecast up to 30 deals per calendar month, which will firmly place us as the UK’s largest independent broker for this type of finance.”
Simply Factoring Brokers is a team of experienced completely independent brokers, meaning that they do not have ties to any lenders in the market, ensuring all decisions are based purely on which factoring company offers the best deal.
For more information about Simply Factoring Brokers please visit: http://www.simplyfactoringbroker.co.uk/