Independent UK lessor 1pm has raised £1.5m (1.7m) towards its working capital and lending facilities through the issue of 1 billion ordinary 0.15 pence shares to Henderson Global Investors.
The shares, which have been released just prior to the company’s results for the financial year to the end of May on 16 July, will be traded on AIM from 20 June.
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Ahead of its full results, the company has predicted £750,000 in pre-tax profits, due to £7.8m new business, including a monthly record figure of £920,000 in May, written for a leasing portfolio which stood at £14.8m as of 31 May, up 35% from the previous 12 months.
Mari Hampton, chief executive of 1pm, said: "We are delighted to have secured the investment from Henderson, a leading institutional investor. We believe Henderson’s investment in 1pm is a strong endorsement of what we have achieved to date and of our future prospects. On the trading front, we are very pleased with the progress made by the company over the past 12 months, especially finishing the year with record sales."
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