This Yorkshire-based doorstep lender was established in 1978. The original company was setup as J&R Naylors of Wakefield Ltd that they later changed in 2012. Over time they have spread across regions, but aren’t fully national. When we recently compared doorstep lenders it was surprising to see their site rank 2nd for traffic. On a check today they had even edged past Provident to take that #1 spot. This position is only likely to be held temporarily, but even still their rapid progression has been impressive. It isn’t clear what is behind their popularity spike. They are advertising more online, but this is also the case with Morses Club who aren’t enjoying the same traction.
Brand: Naylors Finance (aka: Naylors Loans).
Company: Naylors Finance Ltd.
Founder: Roger Tranter.
Launched: 2012 (1978 as J&R Naylors of Wakefield).
Opening Hours: Monday to Friday (8am-4.30pm).
Other Projects: Non.
Provident’s status as the #1 doorstep loan provider is expected to continue long into the future, although there is some uncertainly on how much business they will have to fight for with interest in this sector falling. As it stands they have 731,000 customers that is some way ahead of nearest rival (Morses Club). Their Group has 233,000 customers that includes several thousand of Dot Dot. Provident’s history heads back to 1880. In the early days they handed out vouchers that could be swapped for clothing, coal and food on weekly collections. In the modern day this business remains important although Vanquis is central with 1.7 million users. The collective base is 2.5 million when including Moneybarn and Satsuma.
Brand: Provident (aka: Provident Personal Credit).
Company: Provident Personal Credit Ltd (part of Provident Financial Plc).
Founder: Joshua Waddilove.
Launched: 1917 (1880 as Provident Clothing & Supply Co).
Opening Hours: Monday to Friday (8am-8pm), Saturday (8am-5pm).
Other Projects: Moneybarn, Satsuma Loans, Vanquis.