Provident Financial Plc

Provident Financial Plc

Provident Financial Plc

Overview
Date Founded

1960

Headquarters

No. 1 Godwin Street,Bradford, West Yorkshire BD1 2SU

Type of Company

Public

Employees (Worldwide)

4,232

Industries

Insurance: Property & Casualty
Holding Companies
Other Insurance Services
Insurance Brokerage
Consumer Finance

Company Description

Provident Financial Plc engages in the business of supplying personal credit products. It operates through four segments: Vanquis Bank, Consumer Credit Division, Moneybarn and Central. The Vanquis Bank segment issues credit cards to people who are often declined by mainstream card providers. The Consumer Credit division segment offers home credit loans; online lending; and operates as loan guarantor. The Moneybarn segment includes non-standard vehicle finance. The company was founded by Joshua Kelley Waddilove in 1880 and is headquartered in Bradford, United Kingdom.

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Executives & Employees

Chief Executive Officer

Chief Executive Officer & Director

Chairman

Chief Finance Officer

Group General Counsel & Company Secretary

Managing Director-Consumer Credit Division

Group Chief Auditor

Head of Sustainability

Head of Investor Relations

Group Financial Controller

Board of Directors

Chairman at Provident Financial Plc

Vice President of European Affairs at AML Bitcoin

Chief Finance Officer at Provident Financial Plc

Chief Executive Officer & Director at Provident Financial Plc

Managing Director-Operations, Chief Restructuring Officer, Executive Director at Cattles Ltd.

Former Director-Finance & Information Technology at RAC Group Ltd.

Former Group Chief Risk Officer at Legal & General Group Plc

Senior Advisor at Searchlight Capital Partners LP

Vice Chairman at Family Assurance Friendly Society Ltd.

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Owners & Shareholders
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Aberforth is an active, value-oriented manager which aims to buy shares in companies that they calculate to be selling below their intrinsic value based on financial and industrial analysis, combined with a valuation approach that focuses on stock market and corporate worth. The firm performs fundamental research before reaching an investment decision, meeting regularly with small company management throughout the UK. The firm’s Aberforth Smaller Companies Trust and Aberforth UK Small Companies Fund have diversified portfolios which aim to achieve a total return greater than the NSCI (XIC) over the long term by investing in a diversified portfolio of small UK quoted companies. They typically keep the Funds near fully invested in equities at all times and normally do not attempt to engage in market timing by holding high levels of liquidity.The Aberforth Geared Income Trust invests in a diversified portfolio of small UK quoted companies. Aberforth focuses on value investing and the portfolio reflects their desire to invest in companies whose shares represent relatively attractive value within a given stock market environment. The sectoral disposition of the portfolio results from a bottom-up stock selection process with no sectoral constraints. They regularly perform a top-down risk assessment.They assess value using a variety of financial and qualitative techniques, paying particular attention to companies that have profit and cash flow characteristics that are considered to be capable of generating long-term real returns for shareholders. To value potential investments, Aberforth emphasizes the ratio of total enterprise value to the earnings before interest, tax and amortization which a company generates.

Details Hidden

DKCM invests client assets using a variety of arbitrage and other event-driven strategies, including risk arbitrage transactions and investments in financially distressed companies. The firm's primary investment strategies include distressed investing, mergers and acquisitions (or risk) arbitrage, long/short equities, and convertible and volatility arbitrage. As distressed investment opportunities are identified, they are subjected to rigorous, fundamental, bottom-up analysis.

Details Hidden

LFS seeks to enhance returns, minimize costs and mitigate client’s risks. The firm manages traditional and alternative funds domiciled in the UK, Ireland and Luxembourg.

Recent Transactions
Details Hidden

Provident Financial Plc purchases Duncton Group Ltd.

Details Hidden

Swinton (Holdings) Ltd. purchases Colonnade Insurance Brokers Ltd from Provident Financial Plc

Transaction Advisors
Legal Advisor

Advised onAlly Financial, Inc., Cerberus Capital Management LP, Car Care Plan Ltd. purchase Provident Insurance Ltd. from Provident Financial Plc

Investment Advisor

Advised onAlly Financial, Inc., Cerberus Capital Management LP, Car Care Plan Ltd. purchase Provident Insurance Ltd. from Provident Financial Plc

Legal Advisor

Advised onSwinton (Holdings) Ltd. purchases Colonnade Insurance Brokers Ltd from Provident Financial Plc

Investment Advisor

Advised onProvident Financial Plc purchases Duncton Group Ltd.

Advisors & Consultants
Advisor

Former Executive Director & Finance Director at Provident Financial Plc

Legal Advisor

Partner at Herbert Smith Freehills LLP

Advisor

Former Deputy Group Chief Executive Officer at Provident Financial Plc

Key Stats and Financials As of 2020
Market Capitalization
$835M
Total Enterprise Value
$2.77B
Earnings Per Share
$-0.44
Enterprise Value / Sales
2.59x
TEVNet Income
-25.1x
Debt TEV
1.08x
EBITDAMargin
45.25%
Enterprise Value EBITDAOperating
5.73x
Three Year Compounded Annual Growth Rate Of Revenue
-12.27%
Revenue
$1.07B
Total Equity
$858M
Total Debt
$2.98B
Net Profit
$-110M
EBITDA
$484M
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Intrum AB is engaged in providing credit management services. The firm offers solutions on credit decisions, sales ledger services, reminders and collection to debt surveillance, collection of written-off receivables, and purchase of outstanding receivables. It operates through the following segments: Credit Management Services, Strategic Markets, and Portfolio Investments. The Credit Management Services segment offers servicing arrangements to clients in 21 of the 24 European markets where Intrum operates with a focus on late payment and collection. The Strategic Markets segment offers the same services offered by Credit Management Services in Italy, Spain, and Greece. The Portfolio Investments segment acquires portfolios of overdue receivables. The company was founded in 1923 and is headquartered in Nacka, Sweden.

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