A strategic plan to create a single vision from a portfolio of separate businesses has prompted a major investment in technology at UK finance company 1pm.
The AIM-listed business (the name is derived from ‘one payment monthly’) has grown significantly in recent years following a series of acquisitions covering asset finance, invoice finance, loans and vehicle finance.
In addition to One pm Finance, its brands include Academy Leasing (acquired in 2015), Bradgate Business Finance (acquired in 2016); and several businesses acquired in 2017, Positive Cashflow Finance, Gener8 Finance, Intelligent Loans and Car Finance 2U.
The expansion led to 78% overall growth in turnover at the group in the year to the end of May 2018, rising to £30m, with 31% growth achieved organically.
