Solihull-based card payment firm LaSer UK has smashed through its target to lend £1 billion, putting it on track to create 120 new jobs in the region.
The company, which operates a range of credit and loyalty schemes including credit cards, store cards, gift cards and point of sale loans to the likes of Flybe, DELL, Dreams and DFS, has also topped £100 million in sales for the second month in a row, resulting in a 40 per cent growth on last year.
LaSer UK employs over 450 people in Solihull and 150 in Belfast, operating under the consumer trading names Creation Consumer Finance, Creation Financial Services and Sygma Bank UK.
It has benefited from a succession of new business wins, including the appointment as sole supplier of fixed term credit to DSGi, the international electrical retailer whose portfolio of 670 stores includes Dixons.co.uk, Currys and PC World.
Stephen Hunt, chief executive at LaSer UK, said: “We forecasted that we would go through the £1 billion milestone towards the end of 2010, but the outstanding summer of new business wins and product launches has enabled us to beat our own forecasts a full four months ahead of schedule.
“We are now reaping the benefits of the hard work of the last three years, which have seen us develop industry-leading solutions and an outstanding team of people across all areas of our business – attracting the strong backing of UK retailers.
“Most importantly our success will enable us to create 120 new jobs in the West Midlands this year and the momentum we have generated will see us develop our products and services even faster with the aim of doubling the size of our business once more.”