Close Brothers Motor Finances loan book reached £1,600m for its financial year ending 31 July 2015, according to its preliminary results.
This was up 9.7% compared to the previous financial year.
The company said this was the result of underlying growth in the car market volumes and successful sales campaigns in the second half, which offset increased competition.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Looking ahead, the company said it was confident in its ability to deliver further growth and good returns over the long term through further investment in its business model, technology and people
The Close Brothers Group recorded a 15% increase in pre-tax operating profit for the year ending 31st of July compared to the same period in the previous year, which reached £219.9m.
Preben Prebensen, chief executive, commenting on the results said: "We are pleased to report another year of strong performance for Close Brothers with good results across all of our businesses. After successive years of exceptional growth the group is in better shape than ever, which means we are well positioned to invest in supporting and extending our tried and tested business model and continue to deliver sustainable growth over the long term."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
