1st Stop Group pass £200m lending milestone
1st Stop Group has announced that it has passed £200 million of outstanding loans.
"We have ambitious plans for the future with a number of exciting products in development"
1st Stop Group – a portfolio company of Pollen Street Capital, the independent alternative asset investment management company – offers secured lending, car finance and personal loan products, lending over £100m in the last twelve months.
Alex Mollart, founder and chief executive of 1st Stop Group, said: “We are excited to have achieved this milestone and recognise the valuable input from Pollen Street over the last three years, to enable us to grow the business in this way. We have ambitious plans for the future with a number of exciting products in development and look forward to working with Pollen Street to bring these to market.”
Matthew Potter, investment partner at Pollen street Capital, added: “Pollen Street seeks out high quality partners with the potential to grow their businesses and innovate in their chosen markets. 1st Stop Group are a fantastic example of this, and we are delighted with the progress they have made by hitting this landmark. We look forward to continuing to work together, and we are excited to reach the next milestone.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds Banking Group launches £5,000 deposit mortgage
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Bank Of England
Bank of England holds interest rates at 3.75% in 8-1 vote
FCA
FCA bans and fines director £755,000 for advice and insurance failures
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
Nationwide
Nationwide cuts mortgage rates by up to 0.36%