PCF Group (PCF) has delivered a small beat with adj. PBT up 50% to £5.4m (£3.6m) on a portfolio of receivables that grew 50% to £219m (£146m) on a 75% increase in new business originations to £148m. Retail deposits, which helped fund this growth, were £191m at end September 2018. With the FY2020 £350m portfolio and 12.5% RoE targets likely to be achieved a year early, PCF is investing in the infrastructure to deliver the FY2022 target of £750m.
