Founded in 2000 and based in Bath, the Group was admitted to the Alternative Investment Market in August 2006. 1PM provides an invaluable service to the UK SME market by helping to fill the funding gap left by the UK banking industry. What does 1PM do? The majority of 1PM’s business is provided by UK finance brokers, who are members of the NACFB. All lending and borrowing is at a fixed rate throughout the term of the agreement. Before any lend facility is agreed, all SMEs and proprietors undergo a detailed credit check carried out by 1PM staff. They must have good credit histories and a proven ability to repay their finance commitments. 1PM strives to be a responsible lender and will not provide finance to customers who cannot demonstrate they have sufficient cash-flow to honour their loan commitment. Finance Leasing and Hire Purchase 1PM purchases a wide range of assets on behalf of its customers, costing from £1,000 up to a current maximum of £50,000 so exposure to one debtor is small compared with the overall portfolio; the assets are then leased back to customers over a fixed period of between 12 and 60 months. All assets leased must add value to the customer’s business. 1PM retains ownership of the asset until the final payment is received. The lending term for an asset is between 12 and 60 months, with a typical agreement lasting 3 ½ years. Business Loans This is a new product offered by 1PM to SME’s with loans of between £1,000 and £50,000 per customer. The loans are available for any purpose including working capital and cash-flow funding. The lending term for a loan is from 3 to 60 months.
Company Growth (employees)
Type
Public
HQ
Farmborough, GB
Founded
2000
Size (employees)
66 (est)
Website
1pm.co.uk
1pm was founded in 2000 and is headquartered in Farmborough, GB

Key People/Management at 1pm

Ian Smith

Ian Smith

Chief Executive Officer
Ron Russell

Ron Russell

Non-Executive Director
Julian Telling

Julian Telling

Non-Executive Director
John Newman

John Newman

Non-Executive Chairman
Ed Rimmer

Ed Rimmer

Managing Director – Commercial Finance
Mike Nolan

Mike Nolan

Managing Director – Asset Finance
James Roberts

James Roberts

Chief Finance Officer

1pm Office Locations

1pm has an office in Farmborough
Farmborough, GB (HQ)
2nd Floor St James House The Square
Show all (1)

1pm Financials and Metrics

1pm Financials

1pm's revenue was reported to be £16.9 m in FY, 2017 which is a 35% increase from the previous period.
GBP

Revenue (FY, 2017)

16.9 m

Gross profit (FY, 2017)

10.9 m

Gross profit margin (FY, 2017), %

64%

Net income (FY, 2017)

3.3 m

EBITDA (FY, 2017)

4.7 m

EBIT (FY, 2017)

4.1 m

Market capitalization (31-Oct-2017)

26.5 m

Closing share price (31-Oct-2017)

0.5

Cash (31-May-2017)

2.1 m
1pm's current market capitalization is £26.5 m.
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

805.4 k1.4 m1.3 m1.9 m2.3 m3.1 m4.2 m5.5 m12.6 m16.9 m

Revenue growth, %

36%31%127%

Cost of goods sold

272 k791.4 k1.2 m1.1 m1.3 m1.7 m2 m2.5 m4.5 m6.1 m

Gross profit

533.4 k573.8 k147.4 k784 k1 m1.5 m2.2 m3 m8.1 m10.9 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

25.1 k1.7 k305.2 k3535.2 k12.9 k2.7 k12 k910 k2.1 m

Accounts Receivable

4 m6.2 m6.2 m8.8 m9.5 m12.9 m16.2 m8.8 m19.9 m20.6 m

Inventories

81 k135 k

Current Assets

4.4 m7.1 m6.9 m9.3 m10.1 m12.9 m17.3 m10.5 m23.9 m26.2 m
    GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    56.7 k3.1 k(337.8 k)154.2 k348.4 k603.1 k1 m1.3 m2.9 m3.3 m

    Cash From Operating Activities

    828.2 k(687.2 k)(278.8 k)(268.7 k)(19.4 k)(829.2 k)(1.2 m)(3.6 m)(2.4 m)6.3 m

    Dividends Paid

    391 k

    Cash From Financing Activities

    630.6 k(551.1 k)1 m(34.9 k)80.5 k400 k1.4 m3.9 m6.5 m(434 k)
      GBPY, 2017

      Revenue/Employee

      256.7 k

      Financial Leverage

      3.3 x
      Show all financial metrics

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