Specialist lender Black & White Bridging is celebrating its 10th anniversary this month and setting its sights on further expansion.
The company, formerly known as Bath & West Finance, has seen significant growth since its inception, expanding from a small five-member team to a 17-strong workforce spread across the country. Despite this expansion, the firm maintains its headquarters in a rural location between Bath and Bristol.
Overseeing the lending operation is head of lending, Oli Bland, who has been instrumental in the company’s accelerated growth. In the past two years alone, Black & White Bridging has originated £40m across 80 loans, accounting for almost 50% of the company’s total lending prior to that period.
The funds loaned to borrowers have been used for a variety of commercial and residential purchases, assisting businesses to acquire premises or improve properties for sale. Black & White Bridging’s approach to lending, which focuses on transparency and integrity, has resulted in a high conversion of enquiries to issued terms and drawdowns, and a high level of retained business through trusted broker partners.
The recent appointments of Adam Tyler as director of Iitermediaries and David McCarthy as relationship manager are expected to further propel Black & White’s sales growth.
Managing director Martyn Smith (pictured) expressed his pleasure at reaching the 10-year mark, praising the hard work of his team and the company’s ethos of problem-solving instead of refusing loans. Smith said: “We have always been truly transparent, we say what our maximum rate is and we say what we can and cannot do. No grey areas. We consider ourselves the architects and market leaders for transparency and our results reflect that, we look forward to increasing our lending levels and continuing to provide our best-in-class service over the coming years.”
