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PCF Group plc  (AIM: PCF) is the AIM-quoted parent of the specialist bank, PCF Bank Limited. With the advent of the banking operation the Group now has the capability to increase its lending portfolio significantly, with target portfolio sizes of £350m in 2020 and £750m in 2022. The Group will retain its focus on portfolio quality, and has the capability to lend increasingly to prime segments of the finance market.

PCF Bank will offer retail savings products for individuals and will then deploy those funds through its two lending divisions:

  • Consumer Finance which provides finance for motor vehicles to consumers; and
  • Business Finance which provides finance for vehicles, plant and equipment to SMEs.

The Group has a track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technologically advanced platform, the Bank will provide both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.


Tim Franklin (NE Chairman)
Thirty years in financial services.

Scott Maybury (Chief Exec)
Co-founded PCF Group plc and was previously Finance Director until 2008.

David Bull (FD)
Ex KPMG, Deutsche Bank and was interim Chief Financial Accountant at the Bank of England.

Robert Murray (MD)
Co-founded PCF Group plc .Thirty five years banking and finance experience. Heads the Business and Consumer Finance Divisions.

Christine Higgins, David Morgan, David Titmuss, Mark Brown

Profit & Loss
30 Sep 2019
30 Sep 2018
Net interest income21,61615,002
Net fee & commission expense661(352)
Net operating income20,03813,735
Profit after tax6,3944,192
Dividend per share0.40p0.30p
Balance Sheet2019
Cash & balances at central bank7,37121,338
Total assets378,133286,470
(Total liabilities)(319,378)(243,919)
Total equity58,75542,552

Peer Group

  • Provident Financial Group (LSE: PFG)
  • 1pm (AIM: 1PM)
  • Manx Financial Group (LSE: MFX)
  • Non-Standard Finance (LSE: NSF)
  • S & U Plc (AIM: SUS)
  • Secure Trust Bank (AIM: STB)

Major Shareholders


  • Scott Maybury- 0.68%
  • Robert Murray – 0.47%
  • David Morgan – 0.47%
  • Mark Brown – 0.08%
  • Tim Franklin – 0.05%
  • David Titmuss – 0.02%
  • Christine Higgins – 0.01%


  • Somers Limited – 62.78%
  • HOF Hoorneman Bankiers NV – 6.24%
  • Beleggingsclub ‘t Stockpaert – 3.06%
  • Miton Asset Management Limited – 2.23%

Macro Indicators

Media Coverage

Investors Chronicle (Dec 2018)
“Challenger bank PCF reports record results and a bullish outlook.”

Shares (Oct 2018)
“PCF surges on record increase in lending”


Broker Coverage

Panmure Gordon (House Broker – Dec 2018)
“Portfolio growth to be achieved a year ahead of target – given the strong portfolio growth and the recent acquisition of Azule, management expect to achieve their portfolio target of £350m a year a year ahead of scheule in FY2019.”

Stockdale (Oct 2018)
“In its first full year as a bank PCF has delivered record levels of new business originations up 75% YoY to £148m (2017: £85m) with August and September both record months. The lending portfolio increased 50% to to £219m (2017: £146m) and retail deposits increased 225% to £190m (2017: £53m).”

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