Call Us
0844 967 0944
Mon - Fri
9:00 am - 5:00 pm

Click here to apply online
Please type in your Name and Phone Number below, click the Request Call Back button and we will call you straight back.
Name:
Tel. No.
 
Please note calls may be recorded

1pm History

August 2006, a sub-prime lender, admitted to AIM and raised £1.3m on flotation
June 2007‘New Start’ - Repositioned as a ‘prime’ small ticket leasing company and introduced a new management team
October 2007Company raises £675k via placing
July 2008Company raises £656k via placing
September 2008Additional £1.1m of funding lines secured from 2 existing lenders
March 2009Loses two funding lines as funders pull out of market plus cash flow restricted by customers requesting payment variations
June 2009Company raises £509k via placing
September 2009Company writes off £95k due to unprecedented levels of bankruptcies
November 2009Underwriting criteria expanded to include increased lend to established businesses which is received positively by introductory sources as fills gap in market.
March 2010Company raises £1.15m via placing
September 2010Value of new leases agreed was 402% ahead of the equivalent period last year and has been significantly ahead of management expectations
October 2010New funding line of £800k provided by company director
November 2010New funding Line of £400k provided by block discounter
December 2010Interim Results show PTB £63k
December 2010Two participants from March placing exercise
March 2011Two participants from March placing exercise
April 2011Company announces facility increase of £500k from two existing block discounters
May 2011Company announces a £200k loan from a SIPP
June 2011Company release a pre-close statement announcing the return of full year profitability with revenues up 43%.
July 2011Company release Financial Statements to 31.5.11. New £300k loan from a director
November 2011£1m block funding facility increase
December 2011Company move's to bigger premises
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
February 2012£700k raised via two separate loans