Ilkley Car Finance Company Sees £10 Million In Business

The owner and workers at a car finance company located in Ilkley are smiling these days. This firm is celebrating record profits after providing financing for the latest model of Rolls-Royce and the most coveted Ferraris.

Not all of us can drive the cars that Bridford Financial Solutions finances but we sure wish we could.

Bridford managed to obtain £4.4 million in financing during the month of March alone. First quarter 2011 financing for the company reached a record-breaking £10.2 million. In 2010, the March figure was £3.83 million and the first quarter number was £7.2 million, which pales in comparison to the double-digit financing provided this year.

On the final day of March, Bridford underwrote nearly £675,000. Included in this figure was cash for the rare 1996/97 Ferrari F50, which cost £405,000, as well as £249,000 for a Rolls-Royce Ghost.

The Ferrari F50 was released to celebrate the golden anniversary of the automaker, offered as a limited edition sports car. The Ghost from Rolls-Royce claims to boast simplicity but what most people see is elegance.

Companies in the regular and bad credit car finance industry have experienced difficult times due to the financial crisis. If the numbers attained by Bridford are any indication, things seem to be turning around for this sector.

Though using wealthy consumers as a barometer for the economic condition is not very realistic, even they were affected by the global turn of events during these past three years.

According to its Web site, Bridford Financial Solutions is one of the fastest-growing independent finance brokers. It works with large finance houses worldwide and has provided more than £150 million in funding to-date.

The company focuses its bespoke car finance for prestige, luxury, and sports cars. Owner Tim Marlow anticipates that 2011 will be a £40 million year for his company.