Bridging financier lends £50m in just over three years


James Mortimore, founder and managing director of TFG Capital

Yorkshire-based TFG Capital which was founded in September 2014, has now completed more than £50m of lending since commencing trading.

Launched by financier James Mortimore, TFG Capital was set up to fill a gap in the market by providing property and asset backed cash flow and bridging finance to SMEs.  In its maiden month, the firm made business loans of more than £1.1m and, since then, it has seen huge growth, completing more than 110 deals.

Last year, TFG Capital made a significant investment in moving to new offices in Doncaster and has seen its team grow to eight people in response to continuing demand for its services.

“Having worked in alternative lending for a number or years prior to setting up TFG Capital, I knew that there was a real appetite for funding which could be accessed quickly and which used more flexible criteria, based on security value, than traditional lenders.” explains Mortimore, pictured.

“We’ve been able to develop a unique product which lends purely on the strength of the client’s assets, with deals often completed within three days.  This has proved to be a winning formula; we’ve successfully worked with over 100 businesses and property developers throughout the UK and Northern Ireland, across all sectors.  These parties have one thing in common, they are asset rich and have an urgent requirement for cash, making them an ideal fit for us.”

Mortimore continues: “2017 marked a really important year for us, having established a successful business, we realised that we needed to invest in vital infrastructure, in terms of our premises. systems and expanding the team, in order to give us the potential to continue to grow.  We’re now in a really strong position to continue to build on our reputation as a reliable alternative funder for borrowers who need bridging and development finance quickly.”

TFG Capital, which has offices in Doncaster and Manchester has seen the majority of its transactions for amounts between £50,000 and £3m over terms up to 12 months.

The fund has a strong pipeline of deals worth an estimated £30m in the year ahead, with existing funding lines able to meet this and future budgeted levels of demand.