1st Oct 2020 07:00
1 October 2020
PCF Group plc
("PCF", the "Company" or the "Group")
Change of adviser
PCF is pleased to announce the appointment of Peel Hunt LLP ("Peel Hunt") as its Nominated Adviser and broker with immediate effect.
ENDS
For further information, please visit https://pcf.bank/ or contact:
PCF Group Scott Maybury, Chief Executive Officer Robert Murray, Managing Director
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| Tel: +44 (0) 20 7222 2426 |
Tavistock Communications Simon Hudson / Edward Lee / Tim Pearson
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| Tel: +44 (0) 20 7920 3150 |
Peel Hunt (Nominated Advisor and Broker) Andrew Buchanan / James Britton / Rishi Shah / Duncan Littlejohns
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| Tel: +44 (0) 20 7886 2500 |
Shore Capital (Joint Broker) Henry Willcocks - Corporate Broking |
| Tel: +44 (0) 20 7408 4080 |
About PCF Group plc (www.pcf.bank)
Established in 1994, PCF Group plc is the AIM-quoted parent of the specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio from £140 million to over £425 million. The Group will retain its focus on portfolio quality and lending to the prime segments of its existing financial services markets. The Group will continue to identify opportunities to diversify its lending products and asset classes through acquisition and by setting up new organic operations.
PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:
• Business Finance which provides finance for vehicles, plant and equipment to SMEs;
• Consumer Finance which provides finance for motor vehicles to consumers;
• Azule Limited which provides finance to the broadcast and media industry; and
• Bridging Property Finance which provides loans to companies and sole traders investing in residential and commercial property.
The Group has a track record of profitability and sustainability through an efficient and scalable business model. Utilising its technologically advanced platform, PCF Bank provides both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.
Recently recorded video profiles of PCF's Bridging Finance, Azule Broadcast Equipment Finance, and Savings divisions are available at the Company's profile page on the London Stock Exchange website: https://profile.lsegissuerservices.com/PCFGroup/overview.
Related Shares:
PCF.L