Brightstar Financial has taken more office space at its Brentwood head office.

The distributor made the decision following continued increases in new business figures due to the success of its strategic partnerships.

“Brightstar has benefitted particularly from the relationships it has forged both with individual firms and larger network groupings,” said Rob Jupp, Brightstar Financial’s managing director.

“With another industry award this month as best specialist distributor, it reinforces our belief that the Brightstar offering is definitely finding favour with our customers. For a business less than two years old, achieving these new levels in such a challenging environment puts us significantly ahead of where I had thought we would be at this stage of our development.

“I have now signed to expand our current office space by a further 40%, to give us room for the necessary expansion to meet the increasing demand for our services.”

Brightstar recently became network Positive Solutions’ preferred source for specialist first charge mortgages, secured loans, bridging finance and commercial funding.

Jupp added: “Clearly, our proposition as a natural hub for advisers looking to access means of placing more challenging cases, is a formula which the intermediary sector is taking on board.

“There has been little to cheer about for brokers since the credit crunch, but Brightstar is waving the flag and demonstrating the value of intermediary business to our lenders, who are delighted with the quality of the business which our brokers are introducing.”