22-Feb-2021 09:44 AM
Insurance premium finance specialist Orchard Funding said its first-half lending volumes had dropped 21% amid a drop in demand.
Lending for the six months through January had fallen to £30 million, down from £37.9 million year-on-year, as ex
27-Oct-2020 08:01 AM
Insurance financing specialist Orchard Funding posted a lower annual profit after the Covid-19 crisis hit lending volumes.
Pre-tax profit for the year through July decreased to £1.56 million, down from £2.02 million year-on-year.
The company
10-Jun-2020 10:30 AM
Liberum Capital today reaffirms its buy investment rating on Orchard Funding Group Plc (LON:ORCH) and cut its price target to 114p (from 119p).
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10-Jun-2020 08:44 AM
Specialist insurance financing group Orchard Funding said it expected its annual earnings to be higher than market expectations, as lower costs offset a drop in lending volumes.
Lending volumes were expected to miss market expectations due to the Covid-1
23-Mar-2020 09:49 AM
Specialist finance provider Orchard Funding booked a 15% fall in first-half profit, as rising revenue was offset by costs associated with its application for a banking licence.
Pre-tax profit for the six months through January fell to £1.00m, down
25-Feb-2020 09:06 AM
Specialist finance provider Orchard Funding said it expected to post slightly higher first-half revenue, though its costs had increased in connection with applying for a banking licence.
The company said it expected to submit its banking licence applicat
31-Oct-2019 07:53 AM
Orchard Funding Group increased its revenues by 6.19% to £5.5m for the 12 months to 31 July 2019. This compared to £5.2m in the period to 31 July 2018.
The company grew its loan book by 3.84% year on year to £32.1m, while profit after
21-Aug-2019 07:17 AM
Specialist lender Orchard Funding said it had boosted its annual lending volumes and revenue, and had also decided to apply for its own banking licence.
In a trading update, the company said its lending volumes for the year through July had risen 6.4% to
24-Apr-2019 08:10 AM
Liberum Capital today initiates coverage of Orchard Funding Group Plc (LON:ORCH) with a buy investment rating and price target of 119p.
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11-Mar-2019 09:15 AM
Insurance premium financing specialist Orchard Funding Group said its first-half profit rose by about a fifth as it boosted revenue and cut administrative expenses.
Pre-tax profit for the six months through December rose to £1.2m, up from £1
29-Aug-2018 07:33 AM
Orchard Funding Group, which specialises in insurance premium finance and the professions funding market, said it expected to post an annual profit in line with expectations amid growth in lending volumes.
Lending for the year through July had grown by 8
27-Mar-2018 09:44 AM
Insurance premium financing specialist Orchard Funding Group said its interim pre-tax profit grew by 22% to £0.99m as loan volumes increased.
It kept its interim dividend unchanged at 1p per share.
'The leading players in our market continue
05-Mar-2018 07:56 AM
Orchard Funding Group, which specialises in insurance financing, said its trading performance for the six months through January was in line with its expectations.
Lending volumes grew by 10.4% to £34.4m, while the loan book swelled by 11.3% to &p
17-Oct-2017 09:20 AM
finnCap today reaffirms its corporate investment rating on Orchard Funding Group Plc (LON:ORCH) and raised its price target to 130p (from 115p).
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17-Oct-2017 07:49 AM
Orchard Funding Group booked a 34% rise in annual net profit after boosting revenues in its lending business.
Net profit rose to £1.34m, up from £1.0m in the 2016 fiscal year, after revenue jumped 31.4% to £4.56m.
"Trading since
06-Sep-2017 11:30 AM
finnCap today reaffirms its corporate investment rating on Orchard Funding Group Plc (LON:ORCH) and raised its price target to 115p (from 105p).
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15-Mar-2017 07:39 AM
Orchard Funding Group said its trading performance for the six months to Jan. 31 was in line with directors' expectations, with pleasing growth in all segments of the business.
Total lending in the period was £31.11m, up 31.65% on the year. It
14-Nov-2016 08:00 AM
finnCap today initiates coverage of Orchard Funding Group Plc Ord 1p (LON:ORCH) with a corporate investment rating and price target of 105p.
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