The AIM-listed lender provided the information in a trading update ahead of its interim results for the six-month period ended on 30^th November 2017.

1pm also reported that its interim results will show a 73% increase in revenue to approximately £13.8m, compared with the £8m recorded in the same period last year.

The group has revealed organic growth in each of its businesses, including Onepm Finance, Academy Leasing and Bradgate Business Finance, as well as strategic growth from the more recently acquired entities.

1pm announced the acquisition of a number of financial firms this year, such as Gener8 Finance, Positive Cashflow Finance, Intelligent Financing and Bell Finance.

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The group has also negotiated new funding facilities with its existing funding partners worth £53.3m, an increase of £12.8m on its previous facilities.

The company plans to release its interim results for the six-month period ended on 30^th November 2017 during the week commencing 15^th January 2018.

Ian Smith, chief executive officer at 1pm, said: "The recent rapid expansion of the group reflects our chosen strategy of being a multi-product provider of finance to a wide range of SME sectors, achieving significant growth, while simultaneously maintaining price, controlling credit and spreading risk.

“The interim results will demonstrate the successful implementation of that strategy and we are delighted with the strategic and operational progress to date.”