Company name: Tiuta
What they do: Provides bridging loans
The boss: Steven Nicholas
Latest turnover (£,000): 17,420
Four-year compound sales growth (%): 46
Latest Ebitda (£,000): 8,524
Bridging loans are common place in both the construction industry and in the property renovation sector. In both cases, it is London-based Tiuta which is your first port of call for a bridging loan.
Run by Steven Nicholas, the Tiuta formula places speed and transparency at the heart of its offering. There are no early redemption or exit fees, loan decisions can be made in an hour and up to 100 per cent of the purchase price is available. Loans can be taken for as short as one day or as long as a year. For the really time pressed there’s even an iPhone app.
Named after an Australian national park, Tuita’s bridging loans are increasingly in demand: turnover is now £17.4m, with profits of £4.6m.
The Hot 100 2012 is brought to you by Investec, Jordans, Cass Business School and Your Business Your Future.
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