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1pm hikes pre-tax profit, announces first final dividend

Fri, 24th Jul 2015 14:15

(ShareCast News) - Finance firm 1pm announced a maiden dividend as it reported a 20% hike in pre-tax profits for the year.The AIM listed company, which lends money to SMEs, posted pre-tax up a fifth to £1.62m, from £1.35m the year before.Revenues were up 31% to £5.5m from £4.2m, off a record 49% increase in new business to a record £16.1m, from £10.8m.1pm's proposed maiden dividend was 0.35p per share.Chief executive Maria Lewis said the result exceeded market expectations and the board was confident new business would continue to increase over the next year."The board remains focussed both on organic growth, including the introduction of new financial products, and potential merger and acquisition opportunities as they arise," Lewis said in a statement.Shares in 1pm were down 2.64% to 68.15p at 1302 BST.
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28 Oct 2020 11:07

1pm gets go-ahead to expand CBILS lending

(Sharecast News) - Specialist finance provider 1pm has received accreditation from British Business Bank to expand its lending under the UK government's Coronavirus Business Interruption Loan Scheme (CBILS), it announced on Wednesday, to support credit-worthy UK businesses.

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22 Oct 2020 14:58

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22 Sep 2020 17:45

UK EARNINGS SUMMARY: Tremor Loss Widens, Expects Third-Quarter Profit

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23 Jun 2020 08:14

1pm profits hit by 'significant' Covid-19 interruption

(Sharecast News) - Finance provider 1pm full-year revenues and profits were set to slide despite having turned in a "satisfactory" trading performance for the year ended 31 May amid significant interruption to normal activities on the back of the Covid-19 pandemic.

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5 May 2020 11:52

UK TRADING UPDATE SUMMARY: 1PM Unit Accredited As Lender Under CBILS

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5 May 2020 09:52

1pm receives CBIL lender accreditation

(Sharecast News) - Business finance provider 1pm received accreditation as a lending partner under Downing Street's Coronavirus Business Interruption Loan Scheme on Tuesday.

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28 Apr 2020 14:29

UK EXECUTIVE CHANGE SUMMARY: 1pm Removes COO Role

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27 Mar 2020 14:22

REPEAT: UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs

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27 Mar 2020 14:03

UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs Amid Covid-19

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26 Mar 2020 17:44

UK TRADING UPDATE SUMMARY: Howden Joinery Suspends Payouts, Guidance

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26 Mar 2020 14:18

1PM awaits more clarity on Covid-19 impact before deciding on dividend

(Sharecast News) - 1PM, a specialist provider of finance facilities to UK SMEs, said on Thursday that it will defer a decision on its final dividend until the market situation and effects of the coronavirus outbreak are clearer.

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19 Feb 2020 15:18

Finance provider 1pm increases finance facility with NatWest

(Sharecast News) - Specialist financial provider 1pm has further increased its back-to-back invoice finance funding facility with NatWest by an additional ?5m, it announced on Wednesday, to ?42m.

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