Enra Group ranked 35th in The Sunday Times Virgin Fast Track 100
Enra Group, a leader in the specialist mortgage finance market, has been ranked 35th in the Sunday Times Virgin Fast Track 100, the annual index that recognises the UK’s 100 companies with fastest growing sales. The Group’s entry in this year’s list marks its 4th consecutive appearance in the influential index.
As the parent company of two operating divisions – master broker Enterprise Finance and specialist lender West One Loans – Enra Group has continued its solid growth trajectory in 2017, despite challenging market conditions. The Group’s annual sales growth of over 101% in three years was recognised by the Fast Track 100 last year, and it has continued that strong momentum throughout 2017.
The announcement comes in a year of a string of major developments for Enterprise Finance and West One. West One grew its core, short-term bridging finance business to a book of around £450m at the same time as successfully launching long-term second charge mortgage lending. Through forging strong partnerships with strategic master brokers, doubling its sales organisation and making major IT systems investments, the lending division is well-positioned to support ambitious future growth. 2018 will see the launch of development finance lending to complement the core bridging business, as well as rapid expansion of the second charge lending proposition.
Enterprise Finance has also continued its strong performance, playing a crucial role in the resurgence of the wider second charge sector after a market-wide dip in 2016, through driving broker awareness and understanding of the sector. It also paved the way for the Group’s launch of development finance lending, by initiating development finance broking in 2017.
Danny Waters, pictured, CEO of Enra Group, commented:
“We are delighted to have received recognition in the Fast Track 100 rankings. Over the course of four years, our sales have grown exponentially, and we’ve continued to deliver on the bottom line as well. At the same time, we’ve managed to develop our products and expand within the marketplace, while ensuring we are servicing more clients with the same high-level of tailored advice and flexible lending that is the bedrock of our offering. We are committed to continuing this rapid progression and look forward to the months ahead.”