Non-Standard Finance plc
 | |
| Company type | Public |
|---|---|
| LSE: NSF | |
| Industry | Financial services |
| Founded | 2015 |
| Headquarters | , |
Key people | John van Kuffeler (chairman)[1] |
| Brands | Loans at Home |
| Services | Home credit, loans, unsecured loans |
| Revenue | £31.3 million[2] |
| £3.9 million[2] | |
| £1.3 million [2] | |
| Website | www |
Non-Standard Finance plc (NSF) is a UK-based consumer finance company that provides home credit under the brands Loans at Home and Everyday Loans. Loans at Home is the UK's third-largest provider of home credit (home-collected personal loans), and of Everyday Loans, a branch-based provider of unsecured consumer loans.[3][4]
History
[edit]NSF was established in February 2015 by John van Kuffeler, who ran home credit group Provident Financial for 22 years before retiring in December 2013. The firm was formed with £48m backing from a group of investors.[5] NSF was listed on the London Stock Exchange in February 2015 as a cash shell, raising £100m for the acquisition of existing short-term consumer finance companies.[5]
In August 2015, the firm acquired Loansathome4u, the home credit arm of finance group S&U, for £82.5m.[6]
In December 2015, the firm acquired Everyday Loans (a branch-based lending chain owned by Secure Trust Bank) for £235m.[7] The transaction was funded by bank debt along with £160m in new equity finance.[8]
NSF declared its first interim dividend in August 2016.[9]
In August 2017, the firm acquired George Banco, a guarantor lender, for £53.5m.[10]
Operations
[edit]NSF operates in three main areas of consumer lending: home credit, guaranteed loans and branch-based unsecured lending. Through Loans at Home (previously Loansathome4u), it serves approximately 98,000 customers from 40 branches in England, Wales and Scotland; and through Everyday Loans a further 37,000 customers from approximately 40 branches in the UK.[2][11]
References
[edit]- ^ Wallace, Tim (6 February 2015). "Consumer loan veterans plan sector shakeup". City AM. Retrieved 4 October 2016.
- ^ a b c d "Pro forma normalised figures for first half of 2016". www.londonstockexchange.com. London Stock Exchange plc. 3 August 2016. Retrieved 4 October 2016.
- ^ Murray Brown, John (20 January 2016). "Provident Financial chases rewards where big banks fear to tread". Financial Times. Retrieved 4 October 2016.
- ^ Smith, Warren (5 August 2016). "JP Morgan Cazenove reiterated Non-standard Finance Plc (LON:NSF) as 'Overweight' With 100 PT". FTSE news. Retrieved 4 October 2016.
- ^ a b Armstrong, Ashley (5 February 2015). "Woodford backs IPO by former Provident chairman". Daily Telegraph. Retrieved 4 October 2016.
- ^ Jones, Tamlyn (7 July 2015). "Loansathome4u sold in £82.5m deal". Birmingham Post. Retrieved 4 October 2016.
- ^ Dakers, Marion (4 December 2015). "Non-Standard Finance heads for the high street with Everyday Loans deal". Daily Telegraph. Retrieved 4 October 2016.
- ^ Dunkley, Emma (4 December 2015). "Non-Standard Finance moves on to high street after Secure Trust deal". Financial Times. Retrieved 4 October 2016.
- ^ "Non-Standard Finance declares maiden payout after robust first half". London South East. 3 August 2016. Retrieved 4 October 2016.
- ^ "George Banco Compensation". The Claims Guide. 11 June 2021. Retrieved 11 June 2021.
- ^ "NSF:LSE". markets.ft.com. Financial Times. Retrieved 4 October 2016.