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Provident Financial

Financial Serviceslending

Established in 1880, Provident Financial is one of the UK’s leading suppliers of personal credit products to the non-standard lending market. We serve over 2.5 million customers through our online businesses: Satsuma and glo and through Provident, our home credit business. Take a look at our careers tab above for all the latest news and vacancies in Provident's Consumer Credit Division. With over 1000 colleagues at our Bradford head office, we have a number of specialist departments that are regularly recruiting due to business growth.

Revenue(Q1, 2017)
$90.4 M
Market capitalization(2017-07-24)
£3.3 B
Customers(H1, 2017)
2.5 M
Company Growth (employees)
Type
Public
HQ
Bradford, GB
Founded
1880
Size (employees)
3,261 (est)-1%
Website
providentfinancial.com
Provident Financial was founded in 1880 and is headquartered in Bradford, GB

Provident Financial Office Locations

Provident Financial has offices in Bradford and London
Bradford, GB (HQ)
1 Godwin St

Provident Financial Data and Metrics

Provident Financial Financial Metrics

Provident Financial's revenue was reported to be $90.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

90.4 m

Gross profit (Q1, 2017)

79.5 m

Gross profit margin (Q1, 2017), %

88%

Net income (Q1, 2017)

23.5 m

EBIT (Q1, 2017)

65.5 m

Market capitalization (24-Jul-2017)

3.3 b

Closing share price (24-Jul-2017)

23.7

Cash (31-Mar-2017)

158.1 m
Provident Financial's current market capitalization is £3.3 b.
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.1 b1.1 b1.1 b1.2 b

Revenue growth, %

(0%)3%6%

Cost of goods sold

41.9 m43.7 m

Gross profit

1.1 b1.1 b

Gross profit Margin, %

96%96%

EBIT

245.5 m253.2 m

EBIT margin, %

22%21%

Pre tax profit

182.4 m224.6 m120.2 m124.8 m

Net Income

141 m175.6 m83.7 m87.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

89.1 m85.1 m87 m88.6 m90.1 m90.4 m

Cost of goods sold

10.5 m10.5 m10.9 m10.9 m11.1 m10.9 m

Gross profit

78.6 m74.7 m76.1 m77.7 m79 m79.5 m

Gross profit Margin, %

88%88%87%88%88%88%

EBIT

60.6 m61.1 m61.6 m62.2 m64 m65.5 m

EBIT margin, %

68%72%71%70%71%73%

Pre tax profit

31.4 m29.6 m29.7 m30.1 m32.2 m31.9 m

Net Income

16.4 m19 m19.8 m41.6 m62.2 m21 m42.3 m65.2 m23.5 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash

119 m145.9 m153.4 m144.3 m

Accounts Receivable

100 k100 k100 k100 k

Inventories

7 b

Current Assets

1.7 b1.9 b2 b2.3 b

PP&E

135.2 m239 m309.8 m410.3 m

Goodwill

8.1 m155.5 m156.4 m149.3 m

Total Assets

1.8 b2.3 b2.5 b9.5 b

Accounts Payable

4.5 m3.3 m2.1 m6.6 b

Current Liabilities

223.3 m270 m402.2 m491 m

Total Liabilities

1.4 b1.6 b1.8 b8.2 b

Additional Paid-in Capital

1 b1 b

Retained Earnings

32.6 m52.2 m69.3 m550.8 m

Total Equity

416.8 m613 m707.7 m1.3 b

Financial Leverage

4.3 x3.7 x3.5 x7.6 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

104.7 m128.4 m108.1 m117.5 m159.7 m158.1 m

Inventories

6.3 b6.4 b6.6 b6.8 b6.9 b7 b

Total Assets

8.8 b8.9 b9 b9.2 b9.4 b9.5 b

Accounts Payable

5.8 b5.8 b6.2 b6.2 b6.5 b6.5 b

Additional Paid-in Capital

998.1 m999.2 m1 b1 b1 b1 b

Retained Earnings

485.6 m495.7 m517.4 m526.8 m538.4 m561.6 m

Total Equity

1.2 b1.2 b1.2 b1.2 b1.2 b1.3 b

Financial Leverage

7.5 x7.5 x7.4 x7.5 x7.5 x7.5 x
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

70.5 m73.6 m83.7 m87.8 m

Depreciation and Amortization

4.1 m3.4 m

Accounts Receivable

23 m25.2 m

Cash From Operating Activities

74.2 m104.3 m81.5 m127.3 m

Purchases of PP&E

(95.3 m)(28.6 m)

Cash From Investing Activities

(408.7 m)(580.8 m)

Cash From Financing Activities

(25.4 m)59.4 m(57.3 m)495.6 m

Income Taxes Paid

(41.4 m)(49 m)(55.4 m)33.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

16.4 m19 m19.8 m41.6 m62.2 m21 m42.3 m65.2 m23.5 m

Depreciation and Amortization

1.1 m1 m1 m856 k767 k752 k

Accounts Receivable

25.6 m24.2 m24.5 m289 k

Cash From Operating Activities

52.1 m85.9 m27.8 m57 m84.5 m24.4 m

Purchases of PP&E

(49.8 m)(76.5 m)(28.6 m)(28.6 m)(28.6 m)

Cash From Investing Activities

(230.4 m)(317 m)(106.2 m)(287.6 m)(415.1 m)(5.7 m)

Cash From Financing Activities

179.3 m255.7 m84.3 m245.9 m388.1 m(4.9 m)

Income Taxes Paid

18.4 m30.2 m3.1 m15.7 m25.5 m105 k
USDY, 2017

Revenue/Employee

27.3 k

Financial Leverage

7.5 x

Provident Financial Operating Metrics

Provident Financial's Customers was reported to be 2.5 m in H1, 2017
H1, 2014FY, 2014H1, 2015FY, 2015H1, 2016FY, 2016H1, 2017

Customers

2.5 m2.4 m2.4 m2.4 m2.4 m2.4 m2.5 m

Customers (Vanquis Bank)

1.18 m1.29 k1.36 m1.42 m1.45 m1.55 m1.65 m

Customers (CCD)

1.25 m1.07 m1.01 m948 k875 k862 k801 k

Customers (Moneybarn)

18 k22 k26 k31 k36 k41 k46 k

Agents

7.7 k5.5 k

New Customer Bookings

430 k433 k406 k234 k

    Provident Financial Market Value History

    Provident Financial Revenue Breakdown

    Market Position of Provident Financial

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    Traffic Overview of Provident Financial

    Provident Financial Online and Social Media Presence

    Provident Financial News and Updates

    January 17, 2017

    Provident Financial boss rebuffs Brexit doom-mongering

    The boss of sub prime lender Provident Financial said post-Brexit economic doom-mongering has been proven to be wrong and is quietly confident about what 2017 will bring. Peter Crook, the chief exec of the FTSE 100 firm, revealed there was plenty of room for the firm to grow, “serving customers i…
    January 17, 2017

    Pound bounces on stronger-than-expected inflation data as markets await Theresa May's Brexit speech

    November 16, 2016

    Here are the top 10 transparent FTSE 100 firms – it pays (£24bn) to be open

    Sometimes, reading through the London Stock Exchange’s RNS feed, it feels as though certain companies just don’t want to be understood. Others, clearly, do: a new study has named the top 10 FTSE 100 companies for transparency. Arm, the Cambridge-based chip designer that was acquired by Japan’s…
    October 24, 2016

    Here are the biggest movers in Britain's markets on Monday

    Budget airline easyJet is on a tear on Monday, after Swiss lender UBS put a "buy" rating on the company's shares, sending the firm to the very top of the UK's blue-chip FTSE 1oo index. easyJet has jumped more than 2.7% so far on the day as a result of UBS' recommendation. He…
    September 20, 2016

    Archbishop's prayers answered as payday loan firms brought to book

    Justin Welby declared war on the lenders but it is regulators that have taken up the fight with more than one firm going underIn 2013 the Archbishop of Canterbury, Justin Welby, declared war on Wonga and other payday lenders crucifying borrowers with 5,000% interest loans. Three years later it looks…
    September 06, 2016

    Weak financial shares drag down FTSE 100

    The FTSE 100 heads lower as shares in Standard Chartered and Provident Financial wilt.
    Show more

    Provident Financial Company Life and Culture

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