Mark Thomas Analyst at Hardman & Co talks to DirectorsTalk about Non-Standard Finance Plc (LON:NSF). Mark explains why Non-Standard lending is attractive,why there isn’t more competition, what NSF is doing in the market, the risks involved and the opportunities for it’s subsidiary Everyday Loans.
Non-Standard Finance plc was established to acquire and grow businesses in the UK’s non-standard consumer finance sector. Under the direction of its highly experienced main board, the Company has now established a sustainable group of businesses offering credit to the c.12 million UK adults who are not served by mainstream financial institutions. In addition, the businesses acquired now have access to increased levels of funding and have benefited from stronger management controls with more rigorous credit standards; have refined their product pricing in a number of areas; have introduced new compliance protocols; and are investing in new IT infrastructure and systems. These changes have been implemented to balance the delivery of improved customer outcomes with the delivery of substantial returns for shareholders
