1st Stop Group

1st Stop Group (‘1SG’) is an owner managed SME, specialising in the provision of car, home and personal loans to ‘near prime’ customers.

In December 2015, TDC provided a £10M Second Lien capital to support growth plans for the business that was recognised as one of the fastest growing in the region through 2015.

In December 2016, after a period of significant growth, the Group was backed by a significant investment from private equity fund manager Pollen Street Capital, at which time TDC exited. The investment by London-based Pollen Street was designed to allow the company to continue to develop and grow its lending book.

Alex Mollart, chief executive of 1st Stop Group, said: “The team at TDC were straight forward and easy to deal with, their local presence was invaluable and ensured we had ongoing access to their senior team.  The second lien debt acted as a catalyst for a further phase growth in 1SG, building material equity value for the shareholders prior to attracting private equity investment from Pollen Street Capital.  Throughout the period of the TDC investment we continued to mature as a business, improving reporting, controls and general governance.”

SectorConsumer Lending

LocationBlackpool

Deal typeSecond Lien Facility

Deal dateDecember 2015

Deal amount£10million

ExitedJanuary 2017

Exited toPollen Street Capital

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Tosca Debt Capital LLP (“TDC”) is an Appointed Representative of Toscafund Asset Management LLP which is authorised and regulated by the Financial Conduct Authority (“FCA”) and registered with the U.S. Securities and Exchange Commission as an Investment Adviser. Tosca Debt Capital LLP is a company registered in England and Wales. Registered number: OC414014