14 April 2016 – trading update
The group has issued a positive trading statement covering the twelve month period to 31 March (the group has changed its year end to 30 September) stating that the results are likely to be slightly ahead of expectations. The group’s portfolio of loans receivables has grown by 12% to £112m whilst the provisions for losses on loans continue to reduce. The group’s banking licence application is progressing steadily and more information will be available when the second interim results are announced on 9 June. BUY.