LONDON (Alliance News) - AIM-listed financing provider Private & Commercial Finance Group PLC on Friday said it is trading ahead of expectations in its current financial year.
Scott Maybury, its chief executive, said in a statement to be given at its annual general meeting that the company has continued to outperform its targets on portfolio growth, quality and profitability.
The group said it is trading ahead of its expectations for the six months to the end of September. Maybury also said the group is still intending to start paying a dividend and shareholders at the AGM will vote on proposals which will allow this to happen.
Maybury added the company is making progress on securing its banking licence and said its application is currently being reviewed by the relevant authorities, ahead of a formal submission.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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