Specialist consumer lender 1st Stop Group Limited has passed £250 million of outstanding loans.

1st Stop Group – a portfolio company of Pollen Street Capital, the independent alternative asset investment management company – has reached this milestone having undergone significant growth across its secured lending, car finance and personal loan products.

Alex Mollart, founder and chief executive of 1st Stop Group, said: “We are excited to have achieved this milestone and we look forward to moving towards our next goal of £500m towards the end of 2020.

“There are some very exciting projects being worked through within the business currently and we have a number of significant strategic launches due within the first quarter of 2020. These launches will help accelerate our growth and continue our ethos of putting the customer and our people first.

“This milestone is also testament to the close partnerships we have forged with our broker network, who recognise that our approach to lending enables us to lend to customers who may be refused elsewhere.”

Matthew Potter, investment partner at Pollen Street Capital, said: “1st Stop continue to go from strength to strength and this latest milestone is a result of the dedication and quality of 1st Stop’s entire staff.

“We remain excited and committed to 1st Stop as it targets new opportunities and continues to be a true innovator in the near prime space.”