1PM PLC Trading Statement (2064V)
December 11 2013 - 2:00AM
UK Regulatory
TIDMOPM
RNS Number : 2064V
1PM PLC
11 December 2013
11 December 2013
1pm plc
("1pm", the "Group" or the "Company")
Pre-close trading update
1pm (AIM: OPM), the AIM listed specialist independent provider
of finance facilities to the SME sector, is pleased to announce the
following trading update ahead of the publication of its Interim
results for the six months ended 30 November 2013, which are
scheduled to be released during the week commencing 20 January
2014.
The Board expects to report significant revenue and profits
growth for the first six months of the current financial year
compared to the corresponding period last year.
The Group has continued to enjoy strong demand and has written
over GBP5m of new business during the first six months of the
current trading year, a 28 per cent. increase compared with the
first six months of last year (H1 2013: GBP3.9m).The Group also
experienced record new business of over GBP1m written during the
month of October 2013.
As at 30 November 2013 the loan portfolio stood at GBP17.7m (H1
2013: GBP13.2m), an increase of over 34 per cent. since November
last year and a 20 per cent. increase since the year-end in May
(FY13: GBP14.8m).
Maria Hampton, CEO of 1pm, commented:
"The Board is delighted with the progress made in the
year-to-date and is confident about the prospects for the second
half and the outcome for the year as a whole".
For further information, please contact:
1pm plc www.1pm.co.uk
Ron Russell, Chairman 0844 967 0944
Maria Hampton, CEO 0844 967 0944
WH Ireland (NOMAD) www.wh-ireland.co.uk
Mike Coe 0117 945 3470
Winningtons Financial PR 0117 985 8989
Paul Vann 07768 807 631
paul.vann@winningtons.co.uk
About 1pm:
The Company was admitted to AIM in August 2006.
1pm plc is an established independent finance company focused on
providing SMEs with accessible funding to add value to their
businesses. All customers must have good credit histories and
proven ability to repay their finance commitments.
1pm currently provides assets finance from GBP1,000 to GBP50,000
for a period of between 12 and 60 months and GBP1,000 to GBP15,000
for business loans (repaid over 3-36 months).
Mission Statement - 'Helping the UK economy grow by supporting
SMEs'
You can find more information on the Company website
www.1pm.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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