Brightstar revenue up 44%
Brightstar increased its turnover by 44% and profit by 40% in 2015, after hitting £1bn of lending in November.
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During 2015, Brightstar launched a development finance division and a regulated mortgage arm, Bright Mortgage Services.
Brightstar’s 2015 expansion included a 39% increase in headcount from 31 to 43, and investment from private investment vehicle Omni Equity.
Rob Jupp, CEO at Brightstar, said:
“2015 was an incredible year. Who would have known when we launched five years ago that in such a short time we would have achieved over £1billion of lending and would receive such a tremendous vote of confidence as the investment by a globally renowned company such as Omni Partners. It makes me feel very humble and incredibly proud of all Brightstar staff that this success is down to.
“We are not slowing down our growth plans however, this year we will be expanding our offices, entering new locations and slightly different markets and we aim to grow by at least 50%. We will also have the launch of our long awaited new sourcing and technology system in which we have invested heavily but which will have a very positive impact on the brokers who work with Brightstar.”
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