Prestige Finance

The Hertfordshire firm Prestige Finance specialises in providing secured loans of about £20,000 on average. These are offered through a network of brokers to people looking to consolidate their debts or to release capital for home improvements. Founded by accountants Bernard Stern and John Sheldon in 1972, the company remains under family control and is led by the founders’ sons, Simon and David Stern and Howard Sheldon. Profits have grown 66% a year, from £972,000 in 2003 to £4.4m in 2006.

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.

Company details
Year2008
Rank41
CompanyPrestige Finance
ActivitySecured loans provider
LocationHertfordshire
Annual profit growth65.74%
Latest profits £000s4,427
Latest sales £000s6,502
Staff47
Founded1972
Websitewww.prestigefinance.co.uk

If applicable:

* supplied by company † annualised figure