Operations
In the UK, Provident trades under a number of different brands, including Provident Personal Credit and Greenwood Personal Credit for its home credit operations, and Vanquis Bank for its credit card operation. Real Personal Finance became a trading style of Provident Personal Credit, offering direct debit loans rather than the traditional home collected credit; the venture proved to be unprofitable and the RPF product was withdrawn in February 2010. The home lending operations are based in the head office building on Godwin Street in Bradford and Vanquis Bank is based in London with purpose built premises located in Chatham, Kent.
The company's biggest business is lending to people in their homes via a network of local agents. Out of an estimated 3 million people who borrow from home credit providers, 1.8 million place their business with Provident Financial, giving the company an estimated 60% market share.
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Famous quotes containing the word operations:
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“There is a patent office at the seat of government of the universe, whose managers are as much interested in the dispersion of seeds as anybody at Washington can be, and their operations are infinitely more extensive and regular.”
—Henry David Thoreau (1817–1862)
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)