| Non-Standard Finance plc | |
| Type: | Public |
| Industry: | Financial services |
| Hq Location City: | London |
| Hq Location Country: | UK |
| Key People: | John van Kuffeler (chairman)[1] |
| Brands: | Loans at Home |
| Services: | Home credit, loans, unsecured loans |
| Revenue: | £31.3 million[2] |
| Operating Income: | £3.9 million |
| Net Income: | £1.3 million |
| Profit Year: | --> |
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]
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]
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]