PMD in seventh heaven and on course for £100m in lending

PMD team

Oldham-based business finance firm PMD is celebrating its seven year anniversary and now claims to be one of the biggest independent brokers in the UK.

PMD has grown from employing eight staff to 21, and managing director Peter Dobson has revealed plans to provide finance totalling £100m to SMEs over the next 12 months.

He said: “We currently advance £75m per year to SMEs and we’re aiming to reach £100m over the course of the next year.

“We’re optimistic of reaching that target because our sector is buoyant and our business is growing, we’re recruiting more staff all the time.

“We’ve also stepped up our efforts to really spread the word about alternative finance and the different options that are available for SMEs.”

Bolton-born and bred Dobson left school at 16 and decided against the university route, opting instead to pursue a career in finance. He started his first job with NatWest on his 16th birthday, before going on to become the managing director of Admiral Leasing for 16 years.

Dobson went on: “At school, the careers teacher would tell you it was either engineering or banking. I went into asset finance when I was 21 and became the MD of Admiral Leasing for 16 years, overseeing its successful sale in 2006.

“I worked for the new company for three years before forming PMD. I’d ran someone else’s business for 16 years and realised I wanted control over my own destiny, that was when I saw an opportunity to start PMD. It began with eight employees, we’ve grown to 21 now and we’re looking for more people to join our team.

“We’re marking our seventh anniversary this month and, it may sound cheesy, but PMD’s success is absolutely down to our staff.

“Every single member of our team is ambitious and dynamic. It’s a predominantly young team, with a great blend of different characters.

“There’s nobody here who gets carried or is dragging their feet, and we’ve taken care to instil this during our interview process to make sure everyone has the same ethos and work ethic. Our biggest asset is definitely our people.”

Dobson runs the firm alongside directors Lee Schofield and Tom Brown, who are both 31 and business development director Richard Fothergill.

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