3rd August 2023

Bouncing back, and bouncing high...

British businesses are bouncing back, and with a voracious appetite for funding, if the latest record results from Optimum Finance are anything to go by. 

In 2022, Optimum recorded a significant growth in client numbers, and an increase in revenues and profitability that outstripped market performance. It now has a deserved reputation as one of the most recognised and respected brands in the invoice finance space. 

Revenues grew by more than a third (35%), supporting an overall increase in profit, while the business continued to invest in its people, its risk management strategies, and its service provision, which remains exceptional.  

It’s a business built to scale, with an eye on helping more UK SMEs in 2023 to realise their growth ambitions supported by an increased funding capacity. 

A feature of the last 12 months has been the diversity of the portfolio it supports, and it is this diversity that is helping to spread risk which ultimately enables it to lend more where the funding is needed most. The first six months of 2023 have continued where 2022 left off, and Optimum looks set for another exciting year of progress. 

The first half of 2023 has similarly seen a number of record breaking months for Optimum, with each surpassing the next. To date, Optimum’s performance (based on client turnover) is 23% higher than for the equivalent period in 2022. Gross receivables have also grown by more than a fifth (21%) with client onboarding reaching the highest figures in a single month to date. 

With an upward trajectory predicted to continue, and with record breaking months behind them, 2023 could turn into an eventful year for Optimum as it continues to soar.