1PM PLC Relocation to new offices successfully completed
January 15 2015 - 2:00AM
RNS Non-Regulatory
TIDMOPM
1PM PLC
15 January 2015
For Immediate Release
15 January 2015
1pm plc
("1pm" or "the Group")
Relocation to new offices successfully completed
1pm, the AIM quoted independent provider of finance to the SME
sector, is pleased to announce that the relocation of its business
and registered office to newly refurbished, much larger open-plan
offices in Bath has been successfully completed. The Company's new
registered office and principal trading address is now:
St James House
The Square
Lower Bristol Road
Bath BA2 3BH
The new offices comprise the entire second floor of St James
House, totalling approximately 4,050 square feet, and are situated
on one of the City's principal arterial routes, yet are within only
0.5miles of Bath City Centre.
The offices will provide 1pm with much needed additional space
and will help to facilitate the delivery of the Board's strategic
plan to substantially expand the business over the next 3 to 4
years by increasing capacity both in terms of staff numbers,
upgraded office and IT systems and the addition of other business
development resources.
Commenting on the success of the move, 1pm's CEO Maria Lewis,
said:
"Everyone is delighted with the move. The increased office space
and open-plan layout will undoubtedly contribute towards even
greater operational efficiencies and enhance our business culture.
We are also planning to recruit up to twenty additional staff over
the next 12 months as 1pm continues to benefit from strong demand
for its asset finance and business loans services from across the
UK's SME market."
For further information, please contact:
1pm plc www.1pm.co.uk
Ian Smith, Chairman 0844 967 0944
Maria Lewis, 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 807631
paul.vann@winningtons.co.uk
1pm plc will be announcing Interim Results for the six month
period ended 30 November 2014 on Tuesday 20 January 2015.
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.
As at 30 November 2014, the Group's combined asset finance and
loan portfolio stood at GBP24.3m (H1 2014: GBP17.7m), an increase
of over 37 per cent. since November last year and a 19 per cent.
increase since the year-end in May 2014 (FY14: GBP20.4m).
1pm currently provides assets finance from GBP1,000 to GBP50,000
for a period of between 12 and 60 months and GBP1,000 to GBP26,000
for business loans (repaid over 3-36 months).
Mission Statement - 'Helping the UK economy grow by providing
finance to businesses'
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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