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Evening Standard
Evening Standard
Business
Mark Banham

Provident Financial returns to profit after exiting short-term credit market

Provident

Malcolm Le May chief executive of Provident Financial

(Picture: Provident Financial )

Specialist lender Provident Financial, has reported significantly improved results in what the company described as a “strategically important year” .

The business, which operates the Vanquis and Sunflower loan brands, reported a pre-tax profit of £4.1 million for 2021, compared to a £113.5 million loss in 2020. However, revenue was £389.5 million — down from £472.4 million the prior year.

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