Today's trading update highlights the group's newfound scale as a multi-product/brand lender, with FY18E revenues expected to be £30m (+77% YoY) and reported PBT set to be in-line with our £7.7m forecast (+89% YoY). This confirms the stronger H2/18E delivery as expected and the continuation of material double-digit organic growth over the full year. The recently announced new and revised funding arrangements should provide the firepower for future growth through increased originations, while cro ....
