1PM PLC (LON:OPM) is the topic of conversation when Hardman & Co Analyst Mark Thomas joins Directorstalk. Mark talks about the recent article “give credit where it is due” and explains the reason behind the title, discusses IFRS9 accounting and why its important, the impact it will have on 1pm and the business message investors should take from the work.
1pm plc, established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring. The companyis an independent AIM listed finance company lending to small UK businesses through a variety of business loans, lease, hire purchase, vehicle and invoice finance. Advances range from £1,000 to £500,000. The company’s route to market is a mixture of direct and via finance brokers who pass business to 1pm in return for a commission.