They have net current assets - total liabilities of £16M vs the market cap of £9M-£10M so they are priced very cheaply in the market, a Ben Graham net-net. You can subscribe to my website email list at www.realworthstocks.com where I will post updates about them sometimes if you wish.
However: they have mostly very short term loans, less than 1 year duration, and they do a small amount of property bridging loans on properties at less than 75% LTV. They fund this partially with shareholders equity, partially with retained earnings, and partially with a finance facility (bank debt) from Toyota etc. They also have a small amount of corporate bonds. They have some cash, but their assets are the short terms loans financing insurance premium policies which are <10 months in duration, and are pretty safe since they are underwritten by the insurance brokers.
I agree with lemonade311, and am writing a letter to the board about this - the price significantly undervalues the company and the directors may leave themselves open to legal action if they do not increase it to a reasonable level.