2007 Fast Track 100
Rank: 29 Richmond Group
Unable to afford advertising, founder walked 300km delivering 30,000 leaflets
James Benamor set up his loan brokerage company from his kitchen table at the age of 21 after being struck by how many people were being refused finance by mainstream lenders and banks because they failed to meet a standard assessment. Bournemouth based Richmond Group matches borrowers with lenders, arranging loans of between £500 and £5,000. It charges applicants a flat fee, taking no commission from the lender in order to remain independent. The firm also provides loans to applicants who have a guarantor, and debt management services. Sales grew 102% a year from £870,000 in 2003 to £7.1m in 2006.
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James Benamor set up his loan brokerage company from his kitchen table at the age of 21 after being struck by how many people were being refused finance by mainstream lenders and banks because they failed to meet a standard assessment. Bournemouth based Richmond Group matches borrowers with lenders, arranging loans of between £500 and £5,000. It charges applicants a flat fee, taking no commission from the lender in order to remain independent. The firm also provides loans to applicants who have a guarantor, and debt management services. Sales grew 102% a year from £870,000 in 2003 to £7.1m in 2006.
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Company facts
Richmond Group
Financial services provider
Company website
| Sales growth | 101.68% pa |
| 2006 sales | £7.1m |
| 2003 sales | £0.9m |
| 2006 staff | 121 |
| Founded | 1999 |
| Location of HQ | Bournemouth |
| If applicable: * = annualised figures‡ = unaudited accounts |
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