Orchard Funding Group reports in-line trading

Orchard Funding Group reports trading in-line with directors' expectations for the six months ending 31 January.

The company specialising in insurance premium finance noted pleasing growth in all segments of the business.

Orchard Funding said total lending was £31.11m, up 31.65% from £23.63m. Its total loan book was £25.99m, up 29.05% from £20.14m.

At 10:39 GMT, shares in AIM-listed Orchard were flat at 86.25p each.