Online car finance broker Carfinance247 recorded a turnover of £9.9m for the year ending June 2015. Their turnover nearly quadrupled compared to the previous year, when it stood at £2.6m.
The Manchester-based brokerage, which was founded in 2006, also saw the average number of deals completed per month grow by 325% year-on-year.
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The amount funded to consumers reached £92.2m, an increase of 271% on the previous year. Carfinance247 has partnerships with 14 lenders including Hitachi Capital, Paragon Bank and Motonovo.
The company predicts that consumer lending for the year ending June 2016 will grow to £200m.
Managing director at Carfinance247 Reg Rix, said: "While we experienced fast growth in our inaugural year, the launch of our new website in September 2014 was a huge turning point. The site has helped us attract and convert a higher number of customers and is supported by a system developed by our 15-strong in-house development team that has sped processes up, improved our overall customer service and reduced the need to manually underwrite applications."
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