Potential Finance Group plc

Potential Finance Group plc, a non-trading holding company, floated on AIM in August 2000 to provide working capital for its then only trading subsidiary, Potential Finance Limited (‘PFL’), a factoring and invoice discounting company.

A second subsidiary, Potential Asset Finance Limited (‘PAF’) began trading in July 2003 and operates a leasing and HP portfolio. As market conditions changed in the factoring industry and PAF’s activity levels increased, the decision was taken to sell a substantial element of the factoring business, and this took place in July 2005, producing a gain on sale and making additional capital available for PAF’s expansion.

Since that time, the Group has sought a complementary business opportunity and in late 2006 incorporated Potential Vehicle Hire Limited (‘PVH’), which began operating as a flexible vehicle rental company in March 2007 and has achieved rapid growth during its first months of trading.