Brightstar confirms record year in 2019

By Bridging Loan Directory 6th February 2020

The Brightstar Group has confirmed a record year in 2019, completing nearly £1.2bn throughout the year, which represents a 13.6% increase on 2018 completions.

As part of this growth, Brightstar delivered a 26.5% increase in new business and 10.9% growth in turnover to £9.22m, which meant that the specialist distributor was able to achieve a 27.1% increase in pre-tax profit on 2018. The growth has been delivered through the success of Brightstar’s core specialist distribution business and the emergence of Sirius Property Finance as a leading brand in large debt transactions. In 2019, Sirius moved to new, larger office space in both its London and Manchester locations.

Throughout the year, Brightstar worked with 137 different lenders and won 19 awards, including being named The Sunday Times Number One Best Small Company to Work for in the UK, and The Sunday Times Best Overall Company to work for in the East of England.

The specialist distributor also received 719 5-star Trustpilot reviews during 2019 and finished the year with an average score of 4.9 out of 5 and an overall rating of ‘Excellent’.

Rob Jupp, pictured, Group CEO at The Brightstar Group, says:

“Much of 2019 was shrouded by a cloud of political uncertainty, which certainly dampened activity in the market. So, it’s particularly pleasing that the Brightstar Group was able to record its strongest year to date set against this difficult backdrop and this is testament to the dedication and quality of our fantastic team.

We have a great foundation to build upon as we move into 2020 and have already recorded our best January on record, with completions up by 26.1% on last year. The industry as a whole is in a great space, particularly in the specialist sectors and we will continue to invest in educating consumers and introducers as we look to grow the market and therefore the opportunity for brokers.”