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PROVIDENT PERSONAL CREDIT LIMITED

NO. 1, GODWIN STREET, BRADFORD, WEST YORKSHIRE, BD1 2SU

Company Number: 00146091
Incorporation date: 20-Feb-1917
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors





SUMMARY

This company is 107.2 years old and is currently liquidation. It is controlled by Provident Financial Management Services Limited. The company has positive equity (net assets) of GBP 49.5 million which has decreased from the previous year's figure of GBP 93.6 million. The latest reported revenue figure is GBP 293.5 million which is down -10% on the previous year. The company has 2 active officers (directors or partners) who are or were officers of 25 other companies, 2 (8.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are 4 court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2023
Accounts Filed: FULL (31-Dec-2021)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
27-Aug-2020 GBP 293,500,000 22,500,000
28-Mar-2019 GBP 339,900,000 32,700,000
23-Mar-2018 GBP 461,400,000 34,700,000 -100,000
08-Mar-2017 GBP 517,400,000 -1,200,000
09-Mar-2016 GBP 515,300,000 37,300,000
31-Mar-2015 GBP 566,900,000 43,100,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
27-Aug-2020 GBP 8,300,000 444,500,000 71,500,000 1,000,000 49,500,000
28-Mar-2019 GBP 106,000,000 20,700,000 93,600,000
23-Mar-2018 GBP 12,300,000 71,500,000 138,100,000 211,000,000
08-Mar-2017 GBP 16,900,000 663,300,000 1,000,000 146,300,000
09-Mar-2016 GBP 7,200,000 635,900,000 71,500,000 1,000,000 57,100,000 130,100,000
31-Mar-2015 GBP 7,100,000 658,900,000 71,500,000 1,000,000 68,100,000 142,600,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
27-Aug-2020 GBP 100.00% 72,500,000 0 72,500,000 201,350,000
28-Mar-2019 GBP inf% -71,500,000 71,500,000 0 -23,400,000
23-Mar-2018 GBP 100.00% 70,500,000 0 70,500,000 352,300,000
08-Mar-2017 GBP inf% -71,500,000 71,500,000 0 673,300,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active David George WHINCUP 16 Jul 2018 18 Apr 2024 1 - 0
Resigned Paula WATTS 12 May 2017 31 Mar 2018 0 - 1
Resigned Emma Gayle VERSLUYS 12 Sep 2005 12 May 2017 British 1 - 142
Resigned Rosamond Joy MARSHALL SMITH 27 Mar 1997 12 Sep 2005 0 - 134
Resigned Peter Anthony VEVERS 27 Mar 1997 0 - 91

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)		 Dissolved companies
(rate)
Active Ian Michael Brian MCLAUGHLIN 30 Nov 2023 Director British 13 - 74 (20.0%)
Active Gareth CRONIN 30 Nov 2023 Director Irish 8 - 93 (17.6%)
Resigned Neill Lewis Mcdonald MOORE 30 Apr 2021 30 Nov 2023 Finance Director British 0 - 4624 (52.2%)
Resigned Hamish Stewart PATON 30 Dec 2020 30 Nov 2023 Managing Director British 0 - 2411 (45.8%)
Resigned Neeraj KAPUR 30 Jun 2020 07 Aug 2023 Chief Financial Officer British 0 - 3112 (38.7%)
Resigned Eleanor THORNHILL 14 Feb 2018 18 Nov 2020 Company Director British 0 - 53 (60.0%)
Resigned Malcolm John LE MAY 08 Dec 2017 01 Aug 2023 Director British 10 - 6123 (32.4%)
Resigned Manjit WOLSTENHOLME 05 Sep 2017 23 Nov 2017 Company Director British 2 - 163 (16.7%)
Resigned Christopher Donald GILLESPIE 25 Aug 2017 28 Aug 2020 Company Director British 0 - 4428 (63.6%)
Resigned Jonathan Hugh VARDON 22 Feb 2016 22 Oct 2017 Director British 1 - 23 (100.0%)
Resigned Luke David ENOCK 01 Dec 2015 01 Feb 2018 Company Director British 1 - 103 (27.3%)
Resigned Stuart William SINCLAIR 01 Jun 2015 21 Sep 2018 Non-Executive Director British 2 - 195 (23.8%)
Resigned Sheryl Arlene LAWRENCE 01 Feb 2015 17 Jul 2017 Director British 8 - 33 (27.3%)
Resigned Hemantkumar Kiritbhai PATEL 01 Dec 2014 23 Nov 2015 Director British 4 - 122 (12.5%)
Resigned Phillip Alexander MCLELLAND 02 Dec 2013 09 Feb 2018 Director British 0 - 455 (11.1%)
Resigned Timothy Rupert ANSON 16 Sep 2013 22 Oct 2017 Director British 3 - 43 (42.9%)
Resigned Andrew John PARKINSON 01 Apr 2013 24 Aug 2017 Director British 2 - 76 (66.7%)
Resigned Sarah Marie DICKINS 05 Nov 2012 15 Jul 2015 Director British 1 - 43 (60.0%)
Resigned Mark STEVENS 01 Sep 2012 30 Jun 2017 Director British 0 - 189 (50.0%)
Resigned Ian Thomas BAILEY 01 Jan 2012 01 Feb 2013 Director British 0 - 44 (100.0%)
Resigned Richard John HOPWOOD 01 Apr 2009 28 Feb 2010 Director British 1 - 65 (71.4%)
Resigned Michael Roger ELLIOTT 01 Jan 2008 04 Oct 2012 Director British 0 - 44 (100.0%)
Resigned Jonathan Richard GILLESPIE 01 Jan 2008 23 Nov 2015 Director British 4 - 108 (57.1%)
Resigned David Colin CRAGGS 29 Oct 2007 26 Sep 2013 Director British 0 - 88 (100.0%)
Resigned Christopher Donald GILLESPIE 21 May 2007 13 Sep 2013 Director British 0 - 4428 (63.6%)
Resigned Leslie James STILLWELL 09 Feb 2006 01 Aug 2007 Banker British 0 - 168 (50.0%)
Resigned Peter Stuart CROOK 19 Oct 2005 02 Aug 2007 Company Director British 0 - 174 (23.5%)
Resigned Paul Richard THRUSTLE 01 Aug 2005 31 Oct 2007 Director British 0 - 43 (75.0%)
Resigned Charles Ernest Fred TAYLOR 18 Apr 2005 30 Sep 2013 Director British 0 - 75 (71.4%)
Resigned Philip Charles KETTLE 01 Mar 2005 25 Sep 2007 Director British 0 - 1410 (71.4%)
Resigned David Robert SPIERS 28 May 2004 01 Nov 2007 Director British 0 - 87 (87.5%)
Resigned Stephen David SHAW 01 Apr 2003 31 Mar 2015 Director British 0 - 73 (42.9%)
Resigned Christopher GRAHAM 01 Jan 2003 28 Feb 2009 Director British 0 - 43 (75.0%)
Resigned Stephen Raymond FORD 18 Nov 2002 16 Dec 2005 Director British 0 - 43 (75.0%)
Resigned Michael Ashley PALMER 18 Nov 2002 30 Sep 2010 Director British 0 - 64 (66.7%)
Resigned Barrie Allan SENIOR 05 Aug 2002 31 May 2004 Director English 1 - 54 (66.7%)
Resigned Christopher Andrew HERBERT 14 Nov 2000 01 Apr 2002 Director British 0 - 33 (100.0%)
Resigned Dale Hayton CORDINGLEY 13 Jul 1999 14 Jul 2005 Director British 1 - 75 (62.5%)
Resigned Robin James ASHTON 18 Jun 1999 14 Jan 2003 Director British 0 - 4029 (72.5%)
Resigned Christopher Charles JOHNSTONE 31 Dec 1997 16 Dec 2005 Director British 0 - 206 (30.0%)
Resigned Paul Graeme NEWTON 31 Dec 1997 15 Aug 2000 Director British 0 - 2310 (43.5%)
Resigned David Robert SPIERS 04 Nov 1997 27 Nov 2002 Director British 0 - 87 (87.5%)
Resigned Lynne Mary NICHOLLS 28 Apr 1997 30 Apr 2002 Director British 0 - 22 (100.0%)
Resigned Craig Robert Anthony WATSON 01 Oct 1996 28 Feb 2003 Director British 0 - 55 (100.0%)
Resigned Philip Charles KETTLE 01 Dec 1995 13 Jan 1998 Director British 0 - 1410 (71.4%)
Resigned David Wilson WOODS 17 Feb 1995 31 Aug 2001 Director British 0 - 22 (100.0%)
Resigned Brian David BETTS 17 Feb 1995 01 May 2000 Director British 0 - 44 (100.0%)
Resigned John HAMILTON 17 Feb 1995 31 Dec 1997 Director British 0 - 22 (100.0%)
Resigned Frederick Wilson FORFAR 17 Feb 1995 18 Nov 2002 Director British 0 - 199 (47.4%)
Resigned David CHAN 17 Jan 1994 26 Nov 1996 Director British 0 - 66 (100.0%)
Resigned John LOMAS 17 Jan 1994 17 Feb 1995 Director British 0 - 61 (16.7%)
Resigned David John MORGAN 17 Jan 1994 30 Jun 1998 Director British 0 - 86 (75.0%)
Resigned Richard Stephen HEELS 17 Jan 1994 17 Feb 1995 Director British 0 - 181 (5.6%)
Resigned John Rolfe THORNTON 01 Apr 1993 15 Mar 1999 Director British 1 - 2010 (47.6%)
Resigned David Richard SWANN 01 Apr 1993 17 Feb 1995 Director British 0 - 208 (40.0%)
Resigned Colin William JACKSON 19 Apr 1991 10 May 1994 Director British 0 - 1914 (73.7%)
Resigned John Broadley WALKER 17 Feb 1995 Director British 0 - 53 (60.0%)
Resigned Gerard Peter DALY 28 Apr 1997 Director Irish 0 - 138 (61.5%)
Resigned Peter Roger FRYER 18 Jun 1999 Director British 0 - 149 (64.3%)
Resigned David Richard SWANN 17 Feb 1995 Director British 0 - 208 (40.0%)
Resigned Graham Michael WADESON 22 Apr 1992 Director British 0 - 63 (50.0%)
Resigned Robin James ASHTON 10 Dec 1993 Director British 0 - 4029 (72.5%)
Resigned Howard James BELL 17 Feb 1995 Director British 0 - 4025 (62.5%)
Resigned Colin William JACKSON 10 May 1994 Director British 0 - 1914 (73.7%)
Number of active directors: 2
Average tenure of active directors: 0.4 years
Average tenure of resigned directors: 3.4 years
Average active director Dissolution Rate: 18.8%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
  
PROVIDENT PERSONAL CREDIT LIMITED (00146091) - Liquidation ✔✔
PROVIDENT FINANCIAL GROUP LIMITED (00194214) - Active ✔
PROVIDENT FINANCIAL MANAGEMENT SERVICES LIMITED (00328933) - Liquidation ✔✔
VANQUIS BANKING GROUP PLC (00668987) - Active ✔
BRISTOL & WEST PLC (02124201) - Liquidation ✔
VANQUIS BANK LIMITED (02558509) - Active ✔
MONEYBARN LIMITED (02766324) - Active ✔✔
CHEQUE EXCHANGE LIMITED (02927947) - Active ✔
YES CAR CREDIT LIMITED (03459042) - Active ✔✔
N&N SIMPLE FINANCIAL SOLUTIONS LIMITED (03803565) - Active ✔
PROVIDENT YES CAR CREDIT LIMITED (04253314) - Active ✔
FIRST RATE EXCHANGE SERVICES LIMITED (04287490) - Active ✔
FIRST RATE EXCHANGE SERVICES HOLDINGS LIMITED (04287534) - Active ✔
MONEYBARN NO.1 LIMITED (04496573) - Active ✔✔
MONEYBARN GROUP LIMITED (04525773) - Active ✔✔
PROVIDENT FINANCIAL TRUSTEES (PERFORMANCE SHARE PLAN) LIMITED (04625062) - Active ✔
DUNCTON GROUP LIMITED (06308608) - Active ✔✔
VIZOLUTION LIMITED (06699620) - Active ✔
BANK OF IRELAND (UK) PLC (07022885) - Active ✔
AQUIS CARDS LIMITED (07036307) - Active ✔
USNOOP LIMITED (11797870) - Active ✔
PROVIDENT SPV LIMITED (12988335) - Active ✔
PROVIDENT FINANCIAL HOLDINGS LIMITED (13061852) - Active ✔✔
PFG CORPORATE SERVICES LIMITED (13423666) - Active ✔✔
BANK OF IRELAND UK HOLDINGS PLC (NI006941) - Active ✔
LAWSON FISHER LIMITED (SC004758) - Active ✔

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-09-302014-09-302013-09-302012-09-302011-09-30
PROVIDENT FINANCIAL MANAGEMENT SERVICES LTDORDINARY286,168,421
90.5%		286,168,421
90.5%		286,168,421
90.5%		286,168,421
90.5%		286,168,421
90.5%
PROVIDENT FINANCIAL PLCPREFERENCE17,676,000
5.59%		17,676,000
5.59%		17,676,000
5.59%		17,676,000
5.59%		17,676,000
5.59%
PROVIDENT FINANCIAL PLCOTHER12,523,000
3.96%		12,523,000
3.96%		12,523,000
3.96%		12,523,000
3.96%		12,523,000
3.96%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PROVIDENT PERSONAL CREDIT LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2022-07-01 2022-12-31 38 20% 60% 67650
2022-01-01 2022-06-30 49 20% 35% 60178
2021-07-01 2021-12-31 38 7% 20% 53068
2021-01-01 2021-06-30 31 5% 16% 46868
2020-07-01 2020-12-31 36 11% 26% 39709
2020-01-01 2020-06-30 32 8% 29% 32392
2019-08-01 2019-12-31 30 13% 32% 26210
2019-01-01 2019-06-30 29 7% 18% 19180
2018-07-01 2018-12-31 30 6% 25% 10362
2018-01-01 2018-06-30 29 6% 32% 4484


COURT CASES


Date Title Reference Subject
2019-05-15 Mr A Martin v Provident Personal Credit Ltd [2019] UKET 1800515/2019 Unfair Dismissal
2018-03-26 Mr T Wilson v Provident Personal Credit Ltd [2018] UKET 4102404/2017 Unfair Dismissal
2018-02-16 Miss L Bromley v Provident Personal Credit Ltd [2018] UKET 2601028/2017 Disability Discrimination
1996-02-12 Syms & Anor v Provident Personal Credit Ltd [1996] UKEAT 1238_95_1202

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
BMW FINANCIAL SERVICES (GB) LIMITED SUMMIT ONE, SUMMIT AVENUE, FARNBOROUGH, ENGLAND, GU14 0FB 01288537 2017-12-31 870,090,000 231,774,000
CAPITAL ONE (EUROPE) PLC TRENT HOUSE, STATION STREET, NOTTINGHAM, NG2 3HX 03879023 2017-12-31 566,574,000 166,706,000
PARAGON BANKING GROUP PLC 51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, UNITED KINGDOM, B91 3QJ 02336032 2018-09-30 451,900,000 145,800,000
PROVIDENT PERSONAL CREDIT LIMITED NO. 1, GODWIN STREET, BRADFORD, WEST YORKSHIRE, BD1 2SU 00146091 2018-12-31 339,900,000 -81,800,000
NEWDAY CARDS LTD 7 HANDYSIDE STREET, LONDON, ENGLAND, N1C 4DA 04134880 2018-12-31 259,100,000 26,200,000
RCI FINANCIAL SERVICES LIMITED RIVERS OFFICE PARK DENHAM WAY, MAPLE CROSS, RICKMANSWORTH, ENGLAND, WD3 9YS 03302462 2017-12-31 234,871,000 35,078,000
AMIGO LOANS LTD UNIT 11A,, THE AVENUE CENTRE, BOURNEMOUTH, ENGLAND, BH2 5RP 04841153 2018-03-31 210,600,000 72,200,000
ARROW GLOBAL LIMITED BELVEDERE, 12 BOOTH STREET, MANCHESTER, UNITED KINGDOM, M2 4AW 05606545 2017-12-31 153,292,000 2,254,000
CREATION CONSUMER FINANCE LIMITED WELLINGTON BUILDINGS 6TH FLOOR, WELLINGTON BUILDINGS, 2 - 4 WELLINGTON STREET, BELFAST, NORTHERN IRELAND, BT1 6HT NI032565 2017-12-31 127,785,000 29,541,000
HOME RETAIL GROUP CARD SERVICES LIMITED 33 HOLBORN, LONDON, ENGLAND, EC1N 2HT 04007072 2018-02-28 127,117,000 9,734,000
PREMIUM CREDIT LIMITED ERMYN HOUSE, ERMYN WAY, LEATHERHEAD, ENGLAND, KT22 8UX 02015200 2017-12-31 119,133,000 43,946,000
CREATION FINANCIAL SERVICES LIMITED CHADWICK HOUSE, BLENHEIM COURT, SOLIHULL, WEST MIDLANDS, B91 2AA 01091883 2017-12-31 86,676,000 28,024,000
ADVANTAGE FINANCE LIMITED 2 STRATFORD COURT C/O S&U PLC CRANMORE BOULEVARD, SHIRLEY, SOLIHULL, ENGLAND, B90 4QT 03773673 2018-01-31 78,882,000 24,458,000
S.D. TAYLOR LIMITED 11TH FLOOR LANDMARK ST PETER'S SQUARE, 1 OXFORD ST, MANCHESTER, M1 4PB 00550055 2017-12-31 50,741,000 1,513,000
WELLS FARGO CAPITAL FINANCE (UK) LIMITED 33 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4R 9AT 02656007 2017-12-31 48,978,000 20,394,000
BLEMAIN FINANCE LIMITED LAKE VIEW, LAKESIDE, CHEADLE, CHESHIRE, SK8 3GW 01185052 2018-06-30 47,500,000 8,800,000
FIRST RESPONSE FINANCE LIMITED 5 REGAN WAY, CHETWYND BUSINESS PARK, CHILWELL, NOTTINGHAM, NOTTINGHAMSHIRE, UNITED KINGDOM 03560611 2018-03-31 41,023,376 11,684,534
THE CAR FINANCE COMPANY (2007) LTD THE OLD TOWN HALL, 71 CHRISTCHURCH ROAD, RINGWOOD, BH24 1DH 06060536 2018-06-30 21,835,000 -16,791,000
OAKMORE INVESTMENTS LIMITED 98 LIVERPOOL ROAD, FORMBY, LIVERPOOL, ENGLAND, L37 6BS 10321045 2017-12-31 20,334,041 0
MUTUAL CLOTHING & SUPPLY COMPANY LIMITED 39/43 BEDFORD STREET SOUTH, LEICESTER, LE1 3JN 00181701 2017-12-31 19,464,000 965,000
PARAGON FINANCE PLC 51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, B91 3QJ 01917566 2018-09-30 13,244,000 12,255,000
PARTNERSHIP HOME LOANS LIMITED ENTERPRISE HOUSE, BANCROFT ROAD, REIGATE, SURREY, ENGLAND, RH2 7RP 05108846 2017-12-31 118,339 -447,895
CLB GLOBAL GROUP LTD 21 THE GATEWAY, WATFORD, HERTFORDSHIRE, WD18 7HW 07011241 2018-12-31 60,083 0
ROBIN OF HEATHFIELD LIMITED ELDERBURY HOUSE, HOWARDS THICKET, GERRARDS CROSS, BUCKINGHAMSHIRE, SL9 7NU 09245948 2018-09-30 18,417 0
RAVSPEED LTD 12 VICTORIA BUNGALOWS, MAIDSTONE ROAD, SIDCUP, ENGLAND, DA14 5BB 09442820 2018-03-31 14,489 0
REVLINK LIMITED UNIT 53 CARIOCCA BUSINESS PARK 2 HELLIDON CLOSE, ARDWICK, MANCHESTER, ENGLAND, M12 4AH 07209905 2018-03-31 800 0 68209-Other letting and operating of own or leased real estate
70210-Public relations and communications activities
70229-Management consultancy activities other than financial management
GLF LIMITED 7 PORCHESTER PLACE, LONDON, ENGLAND, W2 2BS 06758130 2017-12-31 0 0
ARROW GLOBAL INVESTMENTS HOLDINGS LIMITED BELVEDERE, 12 BOOTH STREET, MANCHESTER, UNITED KINGDOM, M2 4AW 06568603 0000-00-00 0 0
INTERNATIONAL PERSONAL FINANCE PLC 26 WHITEHALL ROAD, LEEDS, UNITED KINGDOM, LS12 1BE 06018973 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Liquidation. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
Company status 100.0% 99.4% 99.9% High
Other companies Active in the same sector 0.5% 3.3% 9.3% Medium
Age 0.6% 1.7% 2.7% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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