1pm plc has been identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2020. The report recognises the UK’s fastest-growing and most dynamic small and medium sized businesses (SMEs), highlighting the regional and sector diversity of the UK’s SMEs and the entrepreneurial spirit shown by these companies.
To be featured in the report, businesses had to demonstrate strong revenue growth over the last three years and outperform their sector peers, creating a unique list of the UK’s most innovative SMEs.
1pm plc is an AIM-listed independent specialist provider of finance facilities to UK SMEs, delivering asset finance, invoice finance, loans and vehicle finance solutions. Since its inception in 1999, the firm has acquired several businesses and enjoyed significant growth. Now, supporting 20,000 businesses across the UK as well as providing or arranging near £150 million of funding support. Most recently the firm has gained accreditation as a Coronavirus Business Interruption Loan Scheme (CBILS) lending partner with the British Business Bank, enabling them to further support small businesses across the UK.
Ian Smith, CEO, 1pm plc said: “We are delighted to have been once again recognised in the London Stock Exchange Group’s 1000 companies to inspire Britain. This achievement is reflective of our commitment to support British businesses with innovative solutions that inspire confidence and support their business goals. The Covid-19 pandemic has greatly impacted businesses across the UK and we recognise the crucial role we play in getting the millions of small businesses back on their feet as quickly as possible. Our experienced teams continue to work hard to provide significant support during these difficult times.”
David Schwimmer, CEO at London Stock Exchange Group, commented: “This report highlights the vital role of SMEs in driving economic growth, leading innovation and providing jobs across the UK. In this challenging year for businesses, it is more important than ever to shine a light on these stories of resilience and entrepreneurship. The success of UK SMEs is crucial as we rebuild a post-COVID-19 economy, and London Stock Exchange Group is committed to helping growth companies achieve their potential.”
John Glen MP, Economic Secretary to the Treasury, added: “SMEs are the engine room of our economy. They have risen to the immense challenges of this year with resilience and ingenuity, and we are proud to support them with one of the most generous and comprehensive packages for businesses anywhere in the world. It is more important than ever that we champion the companies in this year’s 1000 Companies to Inspire Britain report and many others like them – they are creating jobs, spurring on our economic recovery, and building the industries of the future.”