Crystal Specialist Finance has issued terms on over £213m worth of business in the first quarter of 2015, a 49% increase on the same period last year.

Covering the period January to March, the Midlands-based commercial packager, saw a 2% fall in completion numbers despite the the sharp rise in applications.

The company had a record year in 2014 with the business issuing terms of £664.3m worth of business, a full 38.7% increase on 2013, which was further complemented by a 33% rise in completions.

Joe Breeden (pictured), managing director of Crystal Specialist Finance, said: “Putting the fantastic Q1 performance to one side for a moment, the deal highlights really cement the reason for the company rebrand, and that is our ability to secure highly specialist deals as well as secure the best options on standard applications.

“In the last three month I would say we have had over 100 applications which are classed as out of the ordinary, and in nearly every single case we have secured finance at very good rates. Our message to brokers is that difficult cases shouldn’t be shelved, they should be sent to a professional agency who will assist.”

Crystal Specialist Finance, which operates in England, Scotland and Wales, rebranded in April 2015 from Crystal Mortgages.

Breeden added: “I am genuinely looking forward to announcing the second quarter results, the new name is in the public domain and supported by a level of marketing activity that we have not undertaken before.

“If we can build on the areas which have almost operated under the radar until now, as well as increase our standard business, there is no doubt in my mind that 2015 will be another record year.”