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.

Type
Public
HQ
Bradford, GB
Founded
1880
Size (employees)
3,261 (est)-1%
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.
USD

Revenue (Q1, 2018)

99.6 m

Gross profit (Q1, 2018)

86.6 m

Gross profit margin (Q1, 2018), %

86.9%

Net income (Q1, 2018)

27.9 m

EBIT (Q1, 2018)

67.9 m

Market capitalization (31-Oct-2017)

1.4 b

Closing share price (31-Oct-2017)

9

Cash (31-Mar-2018)

133.5 m
Provident Financial's current market capitalization is £1.4 b.
Annual
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

669.2 m751.2 m815.6 m866.4 m910.8 m980 m1.1 b1.1 b1.1 b1.2 b

Revenue growth, %

0%3%6%

Cost of goods sold

45.6 m

Operating expense total

511.9 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Revenue

89.1 m85.1 m87 m88.6 m90.1 m90.4 m99.6 m

Cost of goods sold

10.5 m10.5 m10.9 m10.9 m11.1 m10.9 m13.1 m

Gross profit

78.6 m74.7 m76.1 m77.7 m79 m79.5 m86.6 m

Gross profit Margin, %

88%88%87%88%88%88%87%
Annual
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

23.4 m19.5 m20.3 m29 m49.6 m79.1 m119 m145.9 m153.4 m144.3 m190.8 m

Accounts Receivable

900 k600 k1.1 b1 m100 k100 k100 k100 k100 k100 k

Inventories

7 b7.3 b

Current Assets

909 m1 b1.1 b1.2 b1.3 b1.5 b1.7 b1.9 b2 b2.3 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Cash

104.7 m128.4 m108.1 m117.5 m159.7 m158.1 m133.5 m

Inventories

6.3 b6.4 b6.6 b6.8 b6.9 b7 b7.3 b

Total Assets

8.8 b8.9 b9 b9.2 b9.4 b9.5 b9.7 b

Accounts Payable

5.8 b5.8 b6.2 b6.2 b6.5 b6.5 b6.8 b
Annual
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

80.7 m92.1 m88.6 m101.5 m119.8 m146 m141 m175.6 m218.2 m262.9 m93.9 m

Depreciation and Amortization

4.1 m3.4 m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

16.4 m19 m19.8 m41.6 m62.2 m21 m42.3 m65.2 m23.5 m27.9 m

Depreciation and Amortization

1.1 m1 m1 m856 k767 k752 k

Cash From Operating Activities

52.1 m85.9 m27.8 m57 m84.5 m24.4 m32.2 m

Purchases of PP&E

(49.8 m)(76.5 m)(28.6 m)(28.6 m)(28.6 m)
USDY, 2018

Financial Leverage

7.5 x
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Provident Financial Operating Metrics

H1, 2014FY, 2014H1, 2015FY, 2015H1, 2016FY, 2016H1, 2017

Agents

7.70 k5.50 k

Customers (CCD)

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

Customers (Moneybarn)

18 k22 k26 k31 k36 k41 k46 k

Customers (Vanquis Bank)

1.18 m1.29 k1.36 m1.42 m1.45 m1.55 m1.65 m
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Provident Financial Revenue Breakdown

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Provident Financial revenue breakdown by business segment: 49.3% from Vanquis Bank, 6.8% from Moneybarn and 43.8% from Consumer Credit Division

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Provident Financial Online and Social Media Presence

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Provident Financial News and Updates

Troubled lender Provident Financial "on track" as share price soars

The Neil Woodford-backed doorstep lender Provident Financial has today said its "recovery plan is on track", as it attempts to make up lost ground after a torrid 2017. In a trading update this morning, the business said 2018 has started with "positive momentum" and its process to recruit a new ch…

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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