UK-based specialist lender Ultimate Finance has reported £190m ($254.6m) in new business across 1,400 facilities at the end of the third quarter (Q3) this year, exceeding its total for the entire previous year.
The lender’s current loan book value has climbed to £370m, reflecting growth across various lending sectors.
This represents a 33% increase in new lending year-on-year (YoY), with contributions from working capital, bridging finance, and asset finance.
Ultimate Finance CEO Josh Levy said: “After a record-breaking first half of 2025, we’re building on that momentum with another step up in activity which reflects the strength of our proposition and the trust we’ve earned from brokers, advisers and their clients.
“Our focus remains on delivering our growth ambitions through our continued commitment to supporting UK SMEs [small and medium-sized enterprises] with tailored, asset-based lending solutions that provide speed, clarity and certainty.”
The third quarter saw the lender implement a reduction in bridging finance rates to support property developers and investors, alongside the expansion of product applications.
Ultimate Finance also improved its structured finance offerings, introducing a new commercial property loan and increasing the maximum invoice finance facility to £10m.
To further strengthen its focus on the asset finance market, Ultimate Finance has appointed Paul Hansen as the new sales director.
With over 30 years of experience in asset finance sales and a history of senior roles at Novuna Business Finance, Aldermore Bank, and Shawbrook Bank, Hansen’s expertise is expected to bolster the company’s broker-first growth strategy and contribute to its leadership team during a period of expansion.
