Fast growing Stockport-based loan brokers Best4loans has appointed HURST Accountants to help it manage its expansion plans.

Set up less than four years ago, Best4loans now has an annual turnover of £6 million and employs 90 people at its Tiviot Dale HQ. Managing director Mark Bowker believes that the HURST team will help manage its growth and business diversification plans.

The HURST team, led by partner Helen Besant-Roberts, is now providing a wide range of services to Best4loans including preparation of year end accounts, tax compliance, help with company restructuring and a wide range of strategic business advice.

Mr Bowker, who founded the company along with his two fellow directors, said: “We are predominately a loan broker, providing loan packages and personal financial management schemes to our customers. We have grown rapidly in a short space of time and needed a heavyweight accounting and advisory team to help us handle our growth effectively.

“An accountancy team that just judged our business performance on historical information would not be appropriate for us. We needed a team who could look at current management information and then identify opportunities for further business improvement and growth. In effect, HURST will be assuming the role of financial director for us.”

Mr Bowker said the fast growth of Best4loans is due to its extensive use of the internet and direct marketing, its ability to put together the most appropriate loan packages for its customers, and the growing number of affinity agreements with other financial institutions it has negotiated. The company is currently diversifying into other financial areas and HURST will play a leading role in this process.