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.
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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
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Key People/Management at 1pm

Ian Smith

Ian Smith

CEO
Mike Nolan

Mike Nolan

Managing Director – Asset Finance
James Roberts

James Roberts

Chief Finance Officer
Ed Rimmer

Ed Rimmer

Managing Director – Commercial Finance
John Newman

John Newman

Non-Executive Chairman
Ron Russell

Ron Russell

Non-Executive Director
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1pm Office Locations

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

1pm Financials

1pm's revenue was reported to be £16.94 m in FY, 2017
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 k353 5.2 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
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1pm Online and Social Media Presence

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1pm News and Updates

Popular DNA testing service reports breach affecting 92 million users

One of the largest DNA testing services recently uncovered a breach that affects more than 90 million customers. A security researcher found, on a private server, the email addresses and hashed passwords of every customer that signed up for the service before October 26 of last year. MyHeritage, an …

Just how cold this year’s Super Bowl will be, in one chart

As Super Bowl watchers around the US munch on chicken wings from the comfort of their couches today, the game’s attendees are gearing up for…

Which 2017 month delivered the best bitcoin returns?

Bitcoin fell to a near four-week low yesterday evening, threatening to dip under the $12,000 (£8,900) barrier for the first time since 5 December. But despite making big gains in the last three months of 2017 and rocketing to all-time highs in mid-December, savvy bitcoin investors made their bigg…

O’Keefe backs a unique charity sporting event

Construction group is a sporting sponsor of the London Pantomime Horse Race. Posted via Industry Today. Follow us on Twitter @IndustryToday

LSE board accuses activist fund of sabotaging Rolet's succession

The board of the London Stock Exchange (LSE) has today accused activist hedge fund TCI of “damaging” the bourse's reputation, through its efforts to reinstate outgoing boss Xavier Rolet. In a letter seen by City A.M., the board accused TCI and its boss Sir Christopher Hohn of launching “a public,…

Wifi has been hacked: We're about to find out how

Cyber security experts have found a vulnerability in wifi which means hackers could listen in on communications between your devices and your router, according to reports. The vulnerability is around wifi protected access II protocol, or WPA2, a way of protecting wifi networks using a method of e…
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