1st Stop Group Limited, the specialist consumer lender, is delighted to announce it has passed £200 million of outstanding loans.

1st Stop Group – a portfolio company of Pollen Street Capital, the independent alternative asset investment management company – reaches this milestone having undergone significant growth across its secured lending, car finance and personal loan products, lending over £100m in the last
twelve months. This growth has been driven by a detailed understanding and
experience of its markets and through a focus on consumers who are underserved by the larger mainstream competitors.

Commenting, 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, said:

“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.”

1st Stop Group Limited, the specialist consumer lender, is pleased to have been announced as the proud winners of the Financial Reporter Award for the best Unsecured Lender. The award recognises innovation and excellence within our industry and is welcome recognition from our peers that 1st Stop is leading the way in unsecured lending.

The Financial Reporter Awards are in their tenth year and were developed to support a changing industry by promoting good practice and excellent service. The awards are based on votes, without a panel or judges, and as such truly represent the industry’s opinion on who deserves to be recognised.

Commenting on the award, Managing Director, Richard Sharp, said:

“This award is recognition of the hard work all the 1st Stop team have put in to grow the business significantly whilst maintaining high levels of customer and employee satisfaction.

1st Stop Personal Loans has grown significantly over the past 12 months through its continued investment in people and granular focus on customer centric process.”