Review of 2018
Great People Deliver Great Results
I can’t believe we have reached the end of January. Our financial year ended on 31/12 and we have now finished closing off the year. I love to read the round ups and reviews of the previous year that are published by many in our industry. I thought I would also afford myself the same opportunity, to reflect on 2018 for Catalyst.
Against all measures 2018 was a record year for us. We transacted 75% more deals in 2018 expanding our reach across the SME community we‘re here to serve. We’ve had several record months and reported a 55% increase in funds paid out. As you know we have tracked our funds out figure since inception and 2018 saw us exceed the 500m barrier.
In 2017 we took some time to review our business, engaging with our intermediaries and taking their advice on what facilities they felt could assist them and their clients. This resulted in the development of a suite of short term cash flow products. By March 2018 we had launched VAT, Corporation Tax and R&D loans. This new offering has enabled us to provide more flexible solutions to new and existing clients and to support our intermediary community more effectively.
We’ve attracted new talent to the business and started to see the benefit of the appointments in the last quarter of the year. This will only serve to support the growth we are looking to achieve in 2019.
Overall, it was a year to be proud of with an exceptional team of individuals delivering exceptional results.