IGF reports record £35.7m turnover and expanded senior debt facility

Independent Growth Finance (IGF), a provider of tailored asset-based lending (ABL) solutions for UK SMEs and mid-market businesses, has announced record financial results for the year ended 31 March 2025, alongside a significant increase and extension of its senior bank facilities.

IGF delivered a record turnover of £35.7 million and achieved a pre-tax profit of £10.8 million, representing an 8% increase in revenue and a 44% rise in profit compared to the previous year. Total client facilities now exceed £600 million, with IGF supporting more than 130 UK clients whose combined annual revenues amount to £3.9 billion.

During the financial year, IGF originated £115 million of new ABL facilities, supporting acquisitions, management buyouts, turnarounds, and ambitious growth plans across the SME and mid-market sectors. Funds in Use peaked at over £300 million, another record milestone for the company.

In addition, IGF has significantly increased and extended its senior bank facilities while welcoming new participants to its lending syndicate.

Steve Chait, CEO of IGF, said: “I am delighted to announce another excellent set of results where we’ve grown both our profitability and our support to UK businesses. This momentum has carried into the new financial year with a record first quarter for new business origination.

“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.”