22 October 2018 – trading update
The group has issued a trading update covering the year to 30 September and this has revealed a 75% increase in new business originations to £148m (2017: £85m) compared with the same period last year. There has also been an improvement in the quality of the loans with 70% being in prime credit grades. The loan portfolio now stands at £219m compared with £146m at 30 September 2017 and the group remains on track to schieve its target of growing the portfolio to £350m by September 2020. The recent acquisition of Azule will also benefit the group and the shares remain a BUY.
r the previous year