John Davies

Just Cashflow delivers profit amid 300% lending growth

Just Cashflow PLC has announced that it is now consistently delivering an operating profit on a monthly basis.

The alternative lender revealed that the amount of funds it had extended to UK SMEs had grown by over 300% in the last two years and was now growing at over £1m a week.

Just Cashflow has achieved this feat after multi-million-pound investments were made in people, infrastructure and technology.

These investments have allowed Just Cashflow to make informed lending decisions in both the interests of the lender and its business customers.

John Davies, CEO and founder of Just Cashflow (pictured above), said capital losses on its loan books were at a low of just 0.2%.

“This shows the value of our approach and the investments we have made in systems, processes and support for our customers.

“The combination of proprietary technology and highly experienced business banking staff allows for quick and well-informed lending decisions to be made after accessing the most comprehensive range of data.

“This allows Just Cashflow to assess individual directors' and businesses' historical credit and real- time information.

“Additionally, this allows modelling to be made on the propensity for businesses to be successful in the future.”

John added that another key driver to its success was its attention to affordability.

“Both our technology and highly experienced account directors have complete focus on ensuring SMEs can afford the repayments on the finance facilities we provide.

“From experience, we know this has to underpin any lending business and, in our opinion, it is a flawed strategy to chase growth for growth's sake.

“We are delighted to now be delivering operating profits and to have established such firm foundations that will underpin our future growth and ambition to support well-run SMEs.

“This growth will come from supporting our own customers through a dedicated business growth team and continually innovating flexible finance facilities to new customers."

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