Stonebridge to recruit AR firms

Yuan Phoon

December 1, 2011

Stonebridge said it is looking for a variety of businesses to join the now one year old network.

The 23 year old Stonebridge Group also announced today that profits were up 22% on the previous year, with a 20% increase in network turnover. It also announced it had grown the number of its AR firms by 25%.

Richard Adams, managing director of Stonebridge Group, said: “Stonebridge is not seeking to play the numbers game and we will maintain strong cash reserves that are the cornerstone of our proposition.

“However we feel the time is right to significantly expand the business. We are actively seeking quality ARs that are disaffected by their current offering and will also use some cash resources to grow the network through business acquisition.

“It’s fair to say we’ve taken a cautious approach since becoming the UK’s newest mortgage network just over a year ago. Our focus has and always will be on supporting our ARs to maximise their business potential.”

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