Independent Growth Finance (IGF), a provider of tailored asset-based lending (ABL) solutions for UK SMEs and mid-market businesses, has reported record financial results for the financial year ended March 31, 2025.
IGF grew its senior bank facilities, increasing both the total facility limit and the number of lenders in the syndicate.
The annual financial results include record levels of turnover of £35.7 million and pre-tax profit of £10.8 million (an increase of 8% and 44% respectively on prior year). Total client facilities also set a record, now exceeding £600 million. During the course of the year, funds in use peaked at more than £300 million, another record for IGF.
IGF has originated £115 million of new ABL facilities to SME and mid-market businesses across the UK during the financial year supporting acquisitions, management buyouts, turnarounds and assisting the growth ambitions of both new and existing clients. This increased growth means that IGF now supports in excess of 130 clients generating £3.9 billion of annual turnover.
In addition, IGF has increased and extended its senior banking facilities and welcomed additional participants to the existing syndicate.
“I am delighted to announce another excellent set of results for IGF where we have increased both our profitability and our support to new and existing clients. This momentum has continued into the new financial year with a record first quarter for new business origination,” Steve Chait, CEO of IFG, said. “We enjoy excellent support from our banking syndicate as evidenced by the recent upsizing and extension of our senior banking facilities. This continued growth reflects our ongoing commitment to provide alternative finance to UK SMEs and mid-market firms. The strong support of our shareholders, our banks and most importantly the team that we have in place at IGF allows us to further strengthen our position in the marketplace as one of the UK’s leading independent asset-based lenders. It enables us to continue to help our clients grow and achieve their financial ambitions with our flexible form of asset-based lending.”
