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Cheval reports 25% increase in business

Cheval has reported a 25% increase in the number of agreements in principle it has issued in the six months to the end of April.

This it says has fuelled a 57% leap in the size of its loan book in value terms over the same period.  

A market report recently published by the Association of Bridging Professionals revealed that in the six months to February 2012, Cheval led the way each month in case volumes with an average market share of 13.8% of all new short-term loan completions by AOBP members. This is up from 4.6% in the previous six months.

Gavin Diamond, finance director at Cheval, says: “We are very proud of our recent achievements and are well ahead of the targets that we have set ourselves.

“Our shareholders have made it clear that additional funds are available to support continued growth and we look forward to continuing in a similar fashion over the coming months.”  

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  • Matt Cottle 8th May 2012 at 2:38 pm

    This is not surprising. Gavin, Neil and the team are superb at what they do. The service is second to none and the products and rates are excellent.