1pm

Last Updated: 31.05.2018. Date when the basic information was updated
1pm
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 950 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 122 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Website:
1pm
Founded:
2000
Employees:
180
Joined Mintos:
26.02.2018
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
12-30%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 0

About

1pm plc is based in the United Kingdom and was founded in 2000. The company is an FCA accredited, non-bank finance provider to the British small business sector. The company listed on the AIM market of the London Stock Exchange in 2006. 1pm offers the full range of finance products required by small to medium enterprises (SMEs), including asset and vehicle financing, loans and invoice financing. 

1pm operates as a hybrid model which includes funding on its own balance sheet to generate interest income and brokering to other lenders to generate commission income. 1pm’s own balance sheet lending is all to small businesses; any consumer business originated is brokered-on to other lenders. 1pm currently operates from eight sites across the UK and employs 170 people. The company has over 16 000 SMEs as customers.

 

Presentation

Presentation

Last Updated: 19.02.2018

Financials

Financials

Last Updated: 13.09.2018

Loan Agreement

Loan Agreement

Last Updated: 19.02.2018

Risk Categories

Here you can see all of the 1pm risk categories on the Mintos marketplace
Risk category Est. annual bad debt rate
Very low risk (71-100) 0.09%
Low risk (51-70) 0.30%
Moderate risk (30-50) 0.46%
High risk (21-29) 2.32%
Very high risk (1-20) 8.37%