Tech Track 100

This Ipswich-based company provides unsecured loans of up to £250,000 and secured loans up to £500,000 to small and medium-sized enterprises across the UK. Having built its proprietary loan platform in-house, the company is able to provide customers with same-day loans — 90% of which are automated. Co-founder and chief executive Peter Tuvey, 39, started and funded the company with two associates along with backing from Aurium Capital Markets in 2014. A £16.3m financing facility provided by Hadrian’s Wall Capital in March 2017 helped sales — which come from interest charges — grow to £8.3m last year.

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Company details
ActivityBusiness finance provider
Average 3 year sales growth92.54%
Latest sales £000s*8,291

If applicable:

* supplied by company † annualised figure