UK finance provider 1pm’s chief executive officer Maria Hampton, has described the previous 12 months as their busiest to date.
Speaking to Leasing Life, Hampton noted the company’s portfolio stood at £20.4m as of May, up 48% compared to the same period in 2013, and that the company had hired an extra 10 staff in order to cope with the demand.
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In the past year, the company has also opened business loan and HP business lines.
Describing the business loans, Hampton said "We’ve been doing the loans for nearly a year, and that’s been fantastic. SMEs are really being starved of cash."
On HP, she said "We kept being asked for it so thought "why not?" It’s similar to leasing anyway, so we made the decision to provide it. We announced it on a Monday, and sent out the documents for a deal on it on the Tuesday."
1pm’s full results are due out in September.
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