1pm has been approved for accreditation as a lending partner under the UK Government's Coronavirus Business Interruption Loan Scheme (CBILS). CBILS should provide a boost to new originations, which have come under pressure as COVID-19 impacts those sectors deemed non-critical. Levels of forbearance remain in-line with market peers and appear low versus a valuation factoring in material impairment to NAV.
05 May 2020
Cenkos: 1pm Plc -- CBILS accreditation
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Cenkos: 1pm Plc -- CBILS accreditation
Time Finance plc (TIME:LON) | 39.5 0.3 2.1% | Mkt Cap: 36.5m
- Published:
05 May 2020 -
Author:
Cavendish Research -
Pages:
7
1pm has been approved for accreditation as a lending partner under the UK Government's Coronavirus Business Interruption Loan Scheme (CBILS). CBILS should provide a boost to new originations, which have come under pressure as COVID-19 impacts those sectors deemed non-critical. Levels of forbearance remain in-line with market peers and appear low versus a valuation factoring in material impairment to NAV.