Company:Non-Standard Finance plc
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| Type | Public |
|---|---|
| LSE: [Script error: No such module "Stock tickers/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
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.[5] The firm was formed with £48m backing from a group of investors.[6] 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.[6]
In August 2015, the firm acquired Loansathome4u, the home credit arm of finance group S&U, for £82.5m.[7]
In December 2015, the firm acquired Everyday Loans (a branch-based lending chain owned by Secure Trust Bank) for £235m.[8] The transaction was funded by bank debt along with £160m in new equity finance.[9]
NSF declared its first interim dividend in August 2016.[10]
Operations
NSF operates in three main areas of consumer lending: home credit, guaranteed loans and branch-based unsecured lending.[5] 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
- ↑ Wallace, Tim (6 February 2015). "Consumer loan veterans plan sector shakeup". City AM. http://www.cityam.com/208858/consumer-loan-veterans-plan-sector-shakeup.
- ↑ 2.0 2.1 2.2 2.3 "Pro forma normalised figures for first half of 2016". London Stock Exchange plc. 3 August 2016. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/NSF/12916731.html.
- ↑ Murray Brown, John (20 January 2016). "Provident Financial chases rewards where big banks fear to tread". Financial Times. https://www.ft.com/content/4df278f4-bab0-11e5-b151-8e15c9a029fb#axzz4D8o1b4Z3.
- ↑ Smith, Warren (5 August 2016). "JP Morgan Cazenove reiterated Non-standard Finance Plc (LON:NSF) as ‘Overweight’ With 100 PT". FTSE news. http://www.ftsenews.co.uk/2016/08/05/jp-morgan-cazenove-reiterated-non-standard-finance-plc-lonnsf-as-overweight-with-100-pt/.
- ↑ 5.0 5.1 Hart, Joanne (21 March 2015). "MIDAS SHARE TIPS: New lender Non-Standard Finance gets support of Neil Woodford". Mail on Sunday. http://www.thisismoney.co.uk/money/investing/article-3005817/MIDAS-SHARE-TIPS-New-lender-Non-Standard-Finance-gets-support-Neil-Woodford.html.
- ↑ 6.0 6.1 Armstrong, Ashley (5 February 2015). "Woodford backs IPO by former Provident chairman". Daily Telegraph. https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11391766/Woodford-backs-IPO-by-former-Provident-chairman.html.
- ↑ Jones, Tamlyn (7 July 2015). "Loansathome4u sold in £82.5m deal". Birmingham Post. http://www.birminghampost.co.uk/business/finance/loansathome4u-sold-in-825m-deal-9606934.
- ↑ Dakers, Marion (4 December 2015). "Non-Standard Finance heads for the high street with Everyday Loans deal". Daily Telegraph. https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12032917/Non-Standard-Finance-heads-for-the-high-street-with-Everyday-Loans-deal.html.
- ↑ Dunkley, Emma (4 December 2015). "Non-Standard Finance moves on to high street after Secure Trust deal". Financial Times. https://www.ft.com/content/e5d8dd12-9a89-11e5-be4f-0abd1978acaa?siteedition=uk.
- ↑ "Non-Standard Finance declares maiden payout after robust first half". 3 August 2016. http://www.lse.co.uk/AllNews.asp?code=ikrhphue&headline=NonStandard_Finance_Declares_Maiden_Payout_After_Robust_First_Half.
- ↑ "NSF:LSE". Financial Times. http://markets.ft.com/data/equities/tearsheet/profile?s=NSF:LSE.
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