- Skipton Business Finance has announced a record £1.8bn in the combined turnover of their client portfolio in 2022
- There was a 22% growth in total client facilities – £366.4m in 2022, from £300.3m in 2021
- Client Satisfaction Rate increased to 98.44% in 2022, from 98.42% in 2021
- Skipton Business Finance, part of the Skipton Group group, provide working capital solutions to UK B2B Businesses
Skipton Business Finance, part of the Skipton Group group, has today seen a record £1.8bn in the combined turnover of their client portfolio in 2022.
In a year of significant turbulence within UK financial markets, which saw the Bank of England’s bank base rate increase to 3.50% and inflation climb above 10%, Skipton Business Finance said that more businesses were turning to the Skipton-based financier for increased levels of funding to support the record client turnover.
The company, who has offices across the UK, has 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.”
He added: “We are proud to be supporting this record client turnover by overseeing a 22% increase in the total amount of facilities we have made available to our clients.”
Part of the Skipton Group, one of the UK's oldest and most trusted financial institutions in the UK, Skipton Business Finance has also seen a record profit-before-tax of £7.3m in 2022.
“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,” said Greg.
“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 – an ethos we share with our parent, Skipton Building Society,” Greg concluded.
In addition, the business posted a Client Satisfaction Rate of 98.44% in 2022, up from 98.42% in 2021.
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Skipton Business Finance Limited, a wholly owned subsidiary of the Skipton Group, is an Asset-Based Financier. Established in 2001, the business provides B2B financial products and is an accredited lender of Government-Backed Loans via the British Business Bank. With over 800 clients, it continues to be a UK-leading financier and is keen to maintain its position as a major, client-focused organisation in the UK.
For more information about Skipton Business Finance, please visit: https://www.skiptonbusinessfinance.co.uk/about-sbf