Non Standard Finance Plc (LON:NSF) is the topic of conversation when Mark Thomas Analyst at Hardman & Co talks to DirectorsTalk. Mark shares his thoughths on the latest trading statement, explains why he thinks Everyday Loans is strong in sales, the competitive advantage it has in costs and its advantages in assessing credit.
Non-Standard Finance plc is listed on the main market of the London Stock Exchange and was established in 2014 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 acquired a sustainable group of businesses offering credit to the c.10-12 million UK adults who are not served by (or choose not to use) mainstream financial institutions. Its three business divisions are: unsecured branch-based lending, home-collected credit and guarantor loans. Each division is fully authorised by the FCA and has benefited from significant investment in branch expansion, recruitment, training and new IT infrastructure and systems. These investments have supported the delivery of improved customer outcomes together with growing financial returns for shareholders.