Enra Specialist Finance, parent company of West One Loans and Aria Finance, achieved record trading results in 2023, achieving approximately £2bn.
The Watford-based firm also grew assets under management by 20% to £2.1bn at the end of last year.
West One delivered record months of origination across bridging, development finance, buy-to-let (BTL) and its newly launched range of residential mortgages throughout 2023.
Last year was also a record year for originations for West One’s short-term lending, bridging and development finance divisions.
Aria Finance also had strong year in 2023. A year on from the merger of Enra’s two broking brands, Enterprise Finance and Vantage Finance, the new business continued to expand through new hires.
Emily Gestetner, CFO at Enra, said: “2023 has been very successful for our firm. Despite a backdrop of rising interest rates and ensuing market volatility, the Enra team has delivered a phenomenal set of results.
“Our audited results will be published in early Q2, but I fully expect to deliver another Enra record performance exceeding, the previous year’s EBITDA of £39m.
“All our lending lines are up on year on year, with a particularly impressive performance from our short-term lending divisions and record levels of profit from our buy-to-let business.
“Our loan book continues to grow, and credit quality remains outstanding against a backdrop of a generational shift in the cost of living.”
Gestetner added: “Enra is extremely well-positioned for further growth in 2024 with a strong balance sheet, excellent cash-generation capability, and plenty of funding to fuel further lending.
“Whilst the future is always unpredictable, I’m very confident in the Enra team’s ability to remain focused, flexible, and determined to manufacture success in any situation.”
