1pm History

December 2015The Company announces the Interim Results will be released the w/c 25th January 2016 and will be ahead of Management Expectations
October 2015The Company wins Independent Lessor of the Year and Maria Lewis is presented with the Editor’s Choice Award at the annual Leasing World Awards
August 2015The Company acquires Academy Leasing Ltd for £12m and raises £7.26m equity
July 2015The Company announces record profits of £1.62m (FY14: £1.35m) and record sales of £16.1m (FY14: £10.8m); proposed maiden divided announced
March 2015The Company wins Business of the Year and the annual Women in Business Awards
February 2015The Company win Business of the Year at the annual Bath Life Awards
January 2015The first 6 months of trading sees increase in profit by 25% £0.76m (H1 2014: £0.61m) and the combined portfolio increase to £24.3m (H1 2014: £17.7m)
December 2014The Company announces record sales of over £1.5m during October 2014; total new funding raised during the 1st 6 months of trading £9.5m (H1 2014: £4.9m). The Company relocate to larger premises in Bath.
October 2014AGM & GM - all resolutions put to meeting were passed. Rodney Channon steps-down from the Board. £3.8m raised via placing and open offer.
September 2014Company announces record year end results to 31st May 2014 & announces a placing and open offer to raise up to £4m.
June 2014Company announces year end results are expected to be slightly ahead of market expectations.
June 2014Block Discount funding increase of £4m.
May 20141pm wins Company of the year and Executive Directors of the year at the 2nd Annual Small Cap Award.
April 2014Block Discount funding increase of £2.5m. Loan limit to customers increased from £15k to £25k.
January 2014Ian Smith appointed as Non-Executice Chairman.
November 2013Interim Results show continued increase in profit and new business written.
October 2013£305k new funding from clients of Lesmoir-Gordon, Boyle & Co Ltd.
September 2013Non-Executive Chairman, Mike Johnson, retires.
September 2013£1m new block discounting line.
August 2013AGM & GM – Share Consolidation approved.
August 2013£1.5m new block discounting line.
July 2013£270k new funding from clients of Lesmoir-Gordon, Boyle & Co Ltd.
June 2013£1.5m raised from Henderson Global Investors Ltd via a placing.
May 2013Total £1.25m increase in block funding facilities from two providers.
March 2013£320k new funding from clients of Lesmoir-Gordon, Boyle & Co Ltd.
March 2013£1,000,000 loan facility from foreign bank.
January 2013£500k loan from Ron Russell.
November 2012Interim Results show continued increase in profit and new business written.
November 2012£220k raised via SIPP and £100k raised via high net worth individual.
August 2012£500k new funding from private individual and overdraft increased from £350k to £500k.
June 2012£2m new block discounting facility funding.
May 2012Revenue £2.3m, £436k PBT, net assets £3.96m.
March 2012Asset range for lending widened, lend value increased to £50k.
March 2012Participants of March 2010 placing exercise Warrants.
February 2012£700k raised via two separate loans.
January 2012Interims released – PBT £214k, lease portfolio £10.85m, increased lend to £40k, expanded lend to cover Northern Ireland, Participant of March 2010 placing exercises Warrants.
December 2011Company move's to bigger premises.
November 2011£1m block funding facility increase.
July 2011Company release Financial Statements to 31.5.11. New £300k loan from a director.
June 2011Company release a pre-close statement announcing the return of full year profitability with revenues up 43%.
May 2011Company announces a £200k loan from a SIPP.
April 2011Company announces facility increase of £500k from two existing block discounters.
March 2011Two participants from March placing exercise.
December 2010Two participants from March placing exercise.
December 2010Interim Results show PTB £63k.
November 2010New funding Line of £400k provided by block discounter.
October 2010New funding line of £800k provided by company director.
September 2010Value of new leases agreed was 402% ahead of the equivalent period last year and has been significantly ahead of management expectations.
March 2010Company raises £1.15m via placing.
November 2009Underwriting criteria expanded to include increased lend to established businesses which is received positively by introductory sources as fills gap in market.
September 2009Company writes off £95k due to unprecedented levels of bankruptcies.
June 2009Company raises £509k via placing.
March 2009Loses two funding lines as funders pull out of market plus cash flow restricted by customers requesting payment variations.
September 2008Additional £1.1m of funding lines secured from 2 existing lenders.
July 2008Company raises £656k via placing.
October 2007Company raises £675k via placing.
June 2007‘New Start’ - Repositioned as a ‘prime’ small ticket leasing company and introduced a new management team.
August 2006, a sub-prime lender, admitted to AIM and raised £1.3m on flotation.