- 1pm expects to report significant revenue and profits growth for the first six months of the current financial year, compared to the corresponding period last year.

"The Group has continued to enjoy strong demand and has written over £5m of new business during the first six months of the current trading year, a 28% increase compared with the first six months of last year (H1 2013: £3.9m)," the company said.

The group had also experienced record new business of more than £1m written during the month of October 2013.

As at 30 November 2013 the loan portfolio stood at £17.7m (H1 2013: £13.2m), an increase of over 34 per cent. since November last year and a 20 per cent. increase since the year-end in May (FY13: £14.8m).

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