Profile Jobs (34)

Provident Financial

Financial Services lending

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.

Market capitalization(2017-10-31)

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

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Provident Financial Office Locations

Provident Financial has offices in Liverpool, Bradford and London

Bradford, GB (HQ)

1 Godwin St

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Provident Financial Financials and Metrics

Provident Financial Financials

Provident Financial's revenue was reported to be £1.18 b in FY, 2016 which is a 6.3% increase from the previous period.

Summary

Provident Financial's current market capitalization is £1.4 b.

Income Statement

Annual

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	669.2 m	751.2 m	815.6 m	866.4 m	910.8 m	980 m	1.1 b	1.1 b	1.1 b	1.2 b
Revenue growth, %								0%	3%	6%
Cost of goods sold											45.6 m
Operating expense total	511.9 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue				89.1 m	85.1 m	87 m	88.6 m	90.1 m	90.4 m
Cost of goods sold				10.5 m	10.5 m	10.9 m	10.9 m	11.1 m	10.9 m
Gross profit				78.6 m	74.7 m	76.1 m	77.7 m	79 m	79.5 m
Gross profit Margin, %				88%	88%	87%	88%	88%	88%

Balance Sheet

Annual

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	23.4 m	19.5 m	20.3 m	29 m	49.6 m	79.1 m	119 m	145.9 m	153.4 m	144.3 m	190.8 m
Accounts Receivable	900 k	600 k	1.1 b	1 m	100 k	100 k	100 k	100 k	100 k	100 k
Inventories										7 b	7.3 b
Current Assets	909 m	1 b	1.1 b	1.2 b	1.3 b	1.5 b	1.7 b	1.9 b	2 b	2.3 b

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	104.7 m	128.4 m	108.1 m	117.5 m	159.7 m	158.1 m
Inventories	6.3 b	6.4 b	6.6 b	6.8 b	6.9 b	7 b
Total Assets	8.8 b	8.9 b	9 b	9.2 b	9.4 b	9.5 b
Accounts Payable	5.8 b	5.8 b	6.2 b	6.2 b	6.5 b	6.5 b

Cash Flow

Annual

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	80.7 m	92.1 m	88.6 m	101.5 m	119.8 m	146 m	141 m	175.6 m	218.2 m	262.9 m	93.9 m
Depreciation and Amortization									4.1 m	3.4 m
Inventories
Accounts Payable

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	16.4 m	19 m	19.8 m	41.6 m	62.2 m	21 m	42.3 m	65.2 m	23.5 m
Depreciation and Amortization				1.1 m	1 m	1 m	856 k	767 k	752 k
Cash From Operating Activities				52.1 m	85.9 m	27.8 m	57 m	84.5 m	24.4 m
Purchases of PP&E				(49.8 m)	(76.5 m)	(28.6 m)	(28.6 m)	(28.6 m)

Ratios

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Provident Financial Operating Metrics

	H1, 2014	FY, 2014	H1, 2015	FY, 2015	H1, 2016	FY, 2016	H1, 2017
Agents		7.70 k		5.50 k
Customers (CCD)	1.25 m	1.07 m	1.01 m	948 k	875 k	862 k	801 k
Customers (Moneybarn)	18 k	22 k	26 k	31 k	36 k	41 k	46 k
Customers (Vanquis Bank)	1.18 m	1.29 k	1.36 m	1.42 m	1.45 m	1.55 m	1.65 m

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Competitors

Ess Kay Fincorp

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General Motors Financial

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Provident Financial News and Updates

March 26, 2018

Aberdeen Standard is suing Provident Financial in row over Vanquis probe

Troubled doorstep lender Provident Financial is facing a legal battle with Aberdeen Standard, one of its largest investors, over an investigation into its Vanquis credit card unit. Provident announced last year that it was being probed by the Financial Conduct Authority (FCA) over its mis-selling…

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