Ultimate Finance Group has revealed that its total loan book to the UK SME sector has exceeded £100 million.

It added that “significant further funds” are available to businesses looking for support during this time of post-Brexit economic uncertainty.

Ultimate Finance’s loan book has increased by a third in the last 12 months, a period of record growth for the business.

“The vote to leave the EU has caused concern for a number of our clients and for the wider business community,” explained Ron Robson, chief executive officer of Ultimate Finance.

“We remain fully committed to supporting UK SMEs, and with the strong financial backing of our parent organisation, Tavistock Group, we have significant resources available to us, a strong appetite to lend and a tremendous team of people to provide the outstanding service our clients deserve.

“In uncertain times it is vital that businesses have stable and reliable funding partners that they can rely on and who will not, as the cliché has it, ‘remove the umbrella when it starts to rain’.  In Ultimate Finance, our clients have that strong, reliable and knowledgeable business partner who will support them through whatever challenges lie ahead.

“As part of Tavistock Group we have access to significant financial resources and are not dependant on financial markets or banks for our funding.  As a privately owned business ourselves, we understand the realities and pressures facing our clients and stand alongside them.

“We have ambitious growth plans that will see us strengthen our position across the traditional areas of asset, invoice and trade finance whilst also bringing an exciting and innovative pipeline of new products to market to address the changing needs of UK businesses.  We will continue to extend our geographical reach, providing a locally based service, backed up by the strength and commitment of a national business.”