This broker’s website receives more than 6m visits a year and allows customers to browse more than 125,000 cars from UK dealerships. Brothers and serial entrepreneurs Reg, 36, and Louis Rix, 34, followed a family tradition when they founded the company in 2006 — their father has run the Rix Motor Company for more than 20 years and their grandfather was a well-known car trader in northwest England. CarFinance247 says more than £35m of loans are completed every month via its website. Last year it relocated to a new Manchester headquarters. In 2018 it launched a direct lending arm, helping sales — which primarily represent commissions — reach £47.5m in the year to June.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.