2008 Profit Track 100
Rank: 34 Richmond Group
Says it deals with more than 8,000 loan applications a week
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. Bournemouth-based Richmond Group matches borrowers and 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 income-protection insurance, consumer debt management services and credit cards. Profits grew by 68% a year, from £1.3m in 2004 to £6m in 2007.
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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. Bournemouth-based Richmond Group matches borrowers and 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 income-protection insurance, consumer debt management services and credit cards. Profits grew by 68% a year, from £1.3m in 2004 to £6m in 2007.
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Company facts
Richmond Group
Financial services provider
Company website
| Profit growth | 68.36% pa |
| 2007 profit | £6.0m |
| 2004 profit | £1.3m |
| 2007 staff | 181 |
| Founded | 1999 |
| Location of HQ | Bournemouth |
| If applicable: * = annualised figures ‡ = draft accounts |
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