Suros Capital, a lender specialising in luxury asset-backed short term loans, has reported substantial growth over the past two years.
From March 2022 to March 2024, the lender’s loan book has seen an 88% increase, with annual revenues surging by 110% from £4.5m to £9.5m. Additionally, the return on capital reached 20%, and profitability rose fivefold.
Paul Aitken, chairman of Suros Capital, attributes the success to the company’s increased recognition among intermediaries. “Since we launched our service based on securing short term loans against luxury assets about three years ago, we have seen a gradual rise in new business,” he said.
He further added: “Our commitment to providing a service that is so much faster than traditional short term lending sources and requires so little paperwork and intrusive personal financial checks has clearly had a positive effect on the way advisers think about the service they offer clients.”
