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]
 | |
| 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 |
History
editNSF 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
editNSF 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.