Skipton Business Finance, part of the Skipton Building Society group, has reported a record £1.8bn in the combined turnover of their client portfolio in 2022.

The company, who has offices across the UK, has seen a 22% growth in total client facilities – £366.4m in 2022, from £300.3m in 2021.

Greg Bell, Skipton Business Finance’s managing director, said: “Although the UK economy is facing turbulent and uncertain times, we have seen a record in the combined turnover of our client portfolio, indicating that our clients are going from strength to strength.

“We are proud to be supporting this record client turnover by overseeing a 22% increase in the total amount of facilities we have made available to our clients.”

Skipton Business Finance has also reported a record profit-before-tax of £7.3m in 2022.

Bell added: “We have a committed approach to helping both our clients, some of whom have accessed government-Backed Loans via the British Business Bank, and new UK SME businesses in the post-pandemic and now the turbulent era we find ourselves in.

“When entrepreneurs build businesses, it affects every part of the economy. By championing UK-based businesses, this creates employment that has a positive knock-on effect on our communities and people’s standard of living, ultimately helping people save for their future and own their own homes – an ethos we share with our parent, Skipton Building Society.”

In addition, the business posted a Client Satisfaction Rate of 98.44% in 2022, up from 98.42% in 2021.