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Provident Financial

OverviewSuggest Edit

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.

TypePublic
Founded1880
HQBradford, GBMap
Websiteprovidentfinancial.com
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Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)4,854
Revenue (FY, 2018)£1.1 B(-6%)
Share Price (Jan 2021)£2.8 (-1%)
Cybersecurity ratingBMore

Key People/Management at Provident Financial

Neil Chandler

Neil Chandler

Managing Director
Andrea Blance

Andrea Blance

Senior Independent Director
Charley Davies

Charley Davies

General Counsel & Company Secretary
Angela Knight

Angela Knight

Independent non-executive director
Neeraj Kapur

Neeraj Kapur

Deputy Chairman
David Rutherford

David Rutherford

Group Chief Risk Officer
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Provident Financial Office Locations

Provident Financial has offices in Bradford and Liverpool
Bradford, GB (HQ)
1 Godwin St
Liverpool, NY, US
Liverpool, NY, USA
Show all (2)

Provident Financial Financials and Metrics

Provident Financial Revenue

Provident Financial's revenue was reported to be £1.12 b in FY, 2018 which is a 6% decrease from the previous period.
GBP

Revenue (FY, 2018)

1.1b

Revenue growth (FY, 2017 - FY, 2018), %

(6%)

Net income (FY, 2018)

60.3m

Market capitalization (15-Jan-2021)

704.5m

Closing stock price (15-Jan-2021)

2.8

Cash (31-Dec-2018)

387.9m

EV

366.4m
Provident Financial's current market capitalization is £704.5 m.
GBPFY, 2016FY, 2017FY, 2018

Revenue

1.2b1.2b1.1b

Revenue growth, %

1%(6%)

Pre tax profit

343.9m(123.0m)90.7m

Income tax expense

81.0m11.4m30.4m
show all
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

119.0m145.9m153.4m223.7m282.9m387.9m

Accounts Receivable

100.0k100.0k100.0k100.0k2.0b1.8b

Current Assets

1.7b1.9b2.0b2.3b2.4b2.3b

PP&E

22.8m27.4m29.5m30.3m30.9m24.6m
show all
GBPFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

141.0m175.6m218.2m262.9m(134.4m)60.3m

Cash From Operating Activities

74.2m104.3m81.5m11.7m(56.7m)(39.7m)

Dividends Paid

108.4m123.4m148.9m180.6m

Cash From Financing Activities

(25.4m)59.4m(57.3m)78.2m184.8m152.0m
show all
GBPFY, 2013

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

4.3 x
Show all financial metrics

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

Agents

7.70 k5.50 k

Customers

2.50 m2.40 m2.40 m2.40 m2.40 m2.40 m2.50 m

Customers (CCD)

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

Customers (Vanquis Bank)

1.18 m1.29 m1.36 m1.42 m1.45 m1.55 m1.65 m
Show all operating metrics

Provident Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

Learn more about our premium products
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Provident Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

Learn more about our premium products
CSRHub logo

Provident Financial Online and Social Media Presence

Provident Financial's Trends

Embed Graph

Provident Financial News and Updates

October 28, 2020

Provident Financial Holdings Reports First Quarter Fiscal 2021 Results

The Company Reports Net Income of $1.49 Million in the September 2020 Quarter
August 26, 2020

Provident Financial swings to a loss and scraps interim dividend

Subprime lender Provident Financial has swung to a first-half loss and scrapped its dividend, as its revenues slipped amid the The post Provident Financial swings to a loss and scraps interim dividend appeared first on CityAM.
July 28, 2020

Provident Financial Holdings Reports Fourth Quarter and Fiscal 2020 Results

Company Reports Net Income of $1.58 Million in the June 2020 Quarter, up 101% from the June 2019 Quarter
February 27, 2020

Provident Financial increases dividend as it posts a rise in profit

Provident Financial has proposed a 60 per cent increase in its final dividend has it posted a rise in profit. The post Provident Financial increases dividend as it posts a rise in profit appeared first on CityAM.
February 17, 2020

City regulator fines Provident Financial subsidiary Moneybarn £2.8m

The financial watchdog has fined car finance provider Moneybarn £2.77m for treating customers unfairly when they fell behind on loan [...] The post City regulator fines Provident Financial subsidiary Moneybarn £2.8m appeared first on CityAM.
January 27, 2020

Provident Financial Holdings Reports Second Quarter of Fiscal 2020 Results

Net Income Increases by 22% in the December 2019 Quarter in Comparison to the December 2018 Quarter
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 Provident Financial Frequently Asked Questions

  • When was Provident Financial founded?

    Provident Financial was founded in 1880.

  • Who are Provident Financial key executives?

    Provident Financial's key executives are Neil Chandler, Andrea Blance and Charley Davies.

  • How many employees does Provident Financial have?

    Provident Financial has 4,854 employees.

  • What is Provident Financial revenue?

    Latest Provident Financial annual revenue is £1.1 b.

  • What is Provident Financial revenue per employee?

    Latest Provident Financial revenue per employee is £231.6 k.

  • Who are Provident Financial competitors?

    Competitors of Provident Financial include Informa, International Personal Finance and Kantox.

  • Where is Provident Financial headquarters?

    Provident Financial headquarters is located at 1 Godwin St, Bradford.

  • Where are Provident Financial offices?

    Provident Financial has offices in Bradford and Liverpool.

  • How many offices does Provident Financial have?

    Provident Financial has 2 offices.