Orchard Funding Group PLC Trading Statement (4797Z)
March 15 2017 - 3:00AM
UK Regulatory
TIDMORCH
RNS Number : 4797Z
Orchard Funding Group PLC
15 March 2017
Orchard Funding Group PLC
("Orchard Funding Group" or the "Company")
Trading Update
Orchard Funding Group, the finance company which specialises in
insurance premium finance and the professions funding market,
provides the following trading update for the six months ended 31
January 2017.
Trading performance for the period was in line with the Board's
expectations with pleasing growth in all segments of the
business.
The Company's lending performance (our KPI's) for the period was
as follows:
31 January 31 January
2017 2016 % growth
GBPm GBPm
Lending
Broker finance
companies 20.60 16.46 25.15%
Direct insurance 3.69 0.84 339.29%
Professional funding 6.82 6.33 7.74%
Total lending 31.11 23.63 31.65%
Loan book
Broker finance
companies 16.05 13.46 19.24%
Direct insurance 3.17 0.76 317.11%
Professional funding 6.77 5.92 14.36%
Total loan book 25.99 20.14 29.05%
Orchard Funding Group will be announcing its interim results for
the six month period ended 31 January 2017 on 31 March 2017.
For further information:
Orchard Funding Group PLC +44 (0)1582 346 248
Ravi Takhar, Chief Executive Officer
finnCap Limited (Nomad and Broker) +44 (0)20 7220 0579
Jonny Franklin-Adams (Corporate Finance)
Emily Watts (Corporate Finance)
Tim Redfern (Corporate Broking)
For Investor Relations please go to:
www.orchardfundinggroupplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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