/other/Vanquis_Banking_Group_fo_7SEz42K.png?Expires=1714847191&Signature=jxpB0WyRnLAcSwKPHVqij5DbgmoQaiyXGUm6jiIO5Q9Mp0tZab2IaOmPWA1MKi9pLk8E8cPA7ZW8QB~RIIGxl24zYUmT5DNU9rlH1ViUbJ4F7EV4sDQgE1xjfKAKJld0k29imOHqev3hLQWI1ie1lI~R7Z1l4lolPKEoJqWldArfngMVhdBxy3wGE9dXzaNbreV6sOTA-zpPFqGNf1e5vS95Zq6HHNIqQoeXrNqweuollVRV5XCLK71gWWBwwrIvRqNNPLYdC3Qz9GGCxnNy9gtvaCfnuw1eZpVFbENmQaFBiK8gjKMV0klltt2p~-4nP73QFXLmJzXopVNrtqYG7A__&Key-Pair-Id=K6QMJA61RGOXQ)
Vanquis Banking Group (formerly: Provident Financial Plc)
ISIN: GB00B1Z4ST84 | Ticker: VANQ | LEI: 213800U93SZC44VXN635
Country: United Kingdom
Vanquis Banking Group is a leading specialist provider of credit cards and other financial products, primarily focused on serving customers with limited or no credit history. The company operates in the United Kingdom and aims to offer accessible and responsible credit solutions to individuals who may have been overlooked by traditional lenders.
Vanquis Banking Group's main brand, Vanquis Bank, offers credit cards designed to help individuals build or rebuild their credit profiles. These credit cards often have lower credit limits and higher interest rates compared to mainstream offerings but provide an opportunity for customers to establish a positive credit history and improve their financial standing.
Vanquis Bank takes a responsible lending approach by carefully assessing each customer's financial circumstances and ability to repay. The company strives to offer credit cards that are manageable and tailored to the specific needs of its customers.
1880
Served areaUnited Kingdom
Headcount2,005
HeadquartersNo. 1 Godwin Street, BD1 2SU Bradford – United Kingdom
| Line item in (gbp) | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|
| Assets | N/A | 2,725,300,000.00 | 2,655,800,000.00 |
| Property Plant And Equipment | N/A | 8,400,000.00 | 8,300,000.00 |
| Goodwill | N/A | 71,200,000.00 | 71,200,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 52,300,000.00 | 63,300,000.00 |
| Investments In Subsidiaries | N/A | 0.00 | 0.00 |
| Deferred Tax Assets | N/A | 6,900,000.00 | 14,500,000.00 |
| Cash and cash equivalents | N/A | 717,700,000.00 | 464,900,000.00 |
| Equity And Liabilities | N/A | 2,725,300,000.00 | 2,655,800,000.00 |
| Equity | 647,700,000.00 | 631,200,000.00 | 607,200,000.00 |
| Issued Capital | N/A | 52,600,000.00 | 52,600,000.00 |
| Retained Earnings | N/A | 17,300,000.00 | -9,500,000.00 |
| Share Premium | N/A | 273,300,000.00 | 273,500,000.00 |
| Other Reserves | N/A | 9,800,000.00 | 12,400,000.00 |
| Merger Reserve | N/A | 278,200,000.00 | 278,200,000.00 |
| Liabilities | N/A | 2,094,100,000.00 | 2,048,600,000.00 |
| Deferred Tax Liabilities | N/A | 0.00 | 0.00 |
| Line item in (gbp) | 01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|
| Revenue | 478,700,000.00 | 480,700,000.00 |
| Revenue From Interest | 473,900,000.00 | 486,900,000.00 |
| Other Income | 400,000.00 | 8,400,000.00 |
| Amortisation Expense | 7,500,000.00 | 7,500,000.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 50,400,000.00 | 66,100,000.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 50,400,000.00 | 66,100,000.00 |
| Profit Loss Before Tax | 142,200,000.00 | 110,100,000.00 |
| Income Tax Expense Continuing Operations | 7,600,000.00 | 27,800,000.00 |
| Profit Loss From Continuing Operations | 134,600,000.00 | 82,300,000.00 |
| Profit Loss From Discontinued Operations | -166,700,000.00 | -4,900,000.00 |
| Profit (loss) | -32,100,000.00 | 77,400,000.00 |
| Profit Loss Attributable To Owners Of Parent | -32,100,000.00 | 77,400,000.00 |
| Line item in (gbp) | 01.01.2022 | 01.01.2023 |
|---|---|---|
| Profit (loss) | -32,100,000.00 | 77,400,000.00 |
| Cash Flows From Used In Operations | 240,500,000.00 | -144,300,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | 6,100,000.00 | 13,400,000.00 |
| Cash Flows From Used In Operating Activities | 163,100,000.00 | -204,900,000.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | 3,800,000.00 | 0.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | 1,300,000.00 | 3,600,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | 24,800,000.00 | 29,200,000.00 |
| Dividends Received Classified As Investing Activities | 0.00 | 0.00 |
| Cash Flows From Used In Investing Activities | -22,300,000.00 | -32,800,000.00 |
| Proceeds From Issuing Shares | 100,000.00 | 200,000.00 |
| Payments To Acquire Or Redeem Entitys Shares | 0.00 | 700,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | 9,600,000.00 | 10,800,000.00 |
| Dividends Paid Classified As Financing Activities | 0.00 | 42,800,000.00 |
| Cash Flows From Used In Financing Activities | -345,000,000.00 | -12,500,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | -204,200,000.00 | -250,200,000.00 |
| Cash and cash equivalents | 717,700,000.00 | 464,900,000.00 |
Please note that some sums might not add up.
| Position Holder | Short Interest in Percent | Date |
|---|---|---|
| GSA Capital Partners LLP | 0.53% | 14.03.24 |
| GSA Capital Partners LLP | 0.55% | 04.04.24 |
| WorldQuant LLC | 0.50% | 03.10.23 |
| GSA Capital Partners LLP | 0.82% | 20.03.24 |
| GSA Capital Partners LLP | 0.72% | 27.03.24 |
| Total | 3.12% |
GB00B1Z4ST84
LEI213800U93SZC44VXN635
SectorFTSE 250
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