Sub-prime lender Billing Finance has reached the 10,000 customer milestone after 49% growth over the last two years.

As a result of the growth, Billing revealed it has begun work on an office extension in order to accommodate a potential additional 50 staff in the future.

Oliver Mackaness, director of Billing Finance, said he was delighted the company had been able to achieve such a rate of growth in a competitive market.

He added; "Our bank, RBS, has provided invaluable support with this. I think there is a real appetite for our simple hire purchase product, which continues to increase.

"Also on the rise are our staff numbers, so work has started on a £900,000 office extension, which means we will be able to accommodate an additional 50 staff in future."

Charity work

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36 members of Billing’s team took part in a Relay Marathon in Geneva on 8th May.

Mackaness said: "I was incredibly proud of the guys, who raised £10,000 for charity and ranged in age from teenagers to some in their Sixties.

"There were some seasoned runners but most were complete novices. The whole company has been in training for the event since January: many pounds have been lost and blisters gained but it was well worth it."