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Don't have an account? Click here to register.SME demand to lift 1pm to profit
Tue, 14th Jun 2011 09:23
AIM-listed asset finance provider to small and medium enterprise (SMEs) 1pm moved up more than 25% after saying it will announce a return to profitability for the full year following improved trading.Turnover for the year ending 31 May 2011 is expected to be £1.90m, which is 43% ahead of last year's performance."The positive figures reflect the increasing demand from SMEs for alternative funding in a time when traditional bank lending remains restricted," said 1pm managing director Maria Hampton. "The company's business model is now having a very positive impact, brokers who are our main source of business have a better understanding of our lending criteria and with our return to profitability we expect more funding lines to be made available to us."
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28 Jul 2015 17:00
1pm acquires MH Holdings for £12m
(ShareCast News) - Finance firm 1pm has acquired MH Holdings for £12m and plans to raise £7.3m in a placing of shares to fund the deal. MH Holdings is a provider of equipment finance and an equipment and vehicles broker with an annualised turnover of £5.1m. It is the only trading company of which is
Read more24 Jul 2015 14:15
1pm hikes pre-tax profit, announces first final dividend
(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%
Read more10 Jun 2015 12:24
1pm up nearly 18% after saying full-year profit and revenue will be ahead of expectations
Shares in the asset finance company 1pm jumped nearly 18% on Wednesday after the company said its full-year results will be ahead of market expectations. The group expects revenues and profits to be ahead of forecasts thanks to strong demand for finance from SMEs, and lower costs. It said its asset
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