Brightstar ups turnover by 44% in 2015

In November it broke the £1bn lending barrier after four years of lending.

Brightstar upped its turnover by 44% to £5.3m in the year to December 2015.

In 2015 Brightstar launched a development finance division and a regulated mortgage arm in Bright Mortgage Services. It also received investment from London-based investment manager Omni Equity Partners and now has Amicus chief executive John Jenkins as a non-executive director.

In November it broke the £1bn lending barrier after four years of lending.

Rob Jupp, chief executive at Brightstar (pictured), 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 £1bn 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.”

Brightstar increased its headcount from 31 to 43 in 2015, while it was awarded a gold standard Investors In People award for developing and training its staff in October.

After rebranding in March it used the strapline 'Made Easy' to reflect making things easier for introducing brokers and their clients.