| IC6501X |
| PROSPECT SWETENHAMS BUSINESS RATIO : FINANCE HOUSES - UK - JUNE 2004 |
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This Business Ratio report brings you detailed financial profiles, analysis and comparison of the leading 110 limited companies actively trading in this industry sector in Great Britain.
You can use this information in a wide number of ways, including:
COMPANIES INCLUDED IN THIS REPORT
This Business Ratio report analyses, compares and contrasts the most recent financial details covering three or four years for the leading 110 companies in the industry. For comparison purposes, the base year is the most recent year for which the vast majority of companies have filed details. However, if firms have published more recent details, these are also included as a fourth year of accounts.
For each company, a full 3-year financial profile is provided, including details of its performance on 25 key ratios. The volume also ranks companies against each other on these performance factors, and league table rankings are provided for each. With these you can quickly and easily see how companies compare on performance in the base year.
The figures for all companies in the report are aggregated and analysed to bring you industry average profiles. These show clearly just how the upper part of the sector is performing, and indicate towards trends that may influence all players in the industry.
In addition, an industry overview reviews the findings of the report, highlighting major changes and drawing your attention to the best and worst performers.
The following companies are profiled by the report:
| FINANCE HOUSES | FINANCE HOUSES |
| Agricultural Mortgage Corporation P L C (The) | International Motors Finance Ltd |
| Aire Valley Finance PLC | Jcb Finance Ltd |
| Alliance & Leicester Commercial Finance PLC | Kbc Lease (UK) Ltd |
| Alliance & Leicester Personal Finance Ltd | Key Business Finance Corporation PLC |
| Arg Card Services Ltd | Legal & General Finance PLC |
| Assetfinance Ltd | Littlewoods Personal Finance Ltd |
| Bank Of Ireland Home Mortgages Ltd | Lloyds (Nimrod) Leasing Industries Ltd |
| Bank Of Scotland Structured Asset Finance Ltd | Lloyds (Nimrod) Specialist Finance Ltd |
| Barclays Mercantile Business Finance Ltd | Lloyds Tsb Asset Finance Division Ltd |
| Barclays Technology Finance Ltd | Lloyds Tsb Mortgages Ltd |
| Black Horse Ltd | Lloyds Udt Ltd |
| Bmw Financial Services (Gb) Ltd | Lombard Bank Ltd |
| Bristol & West PLC | Lombard North Central PLC |
| British Linen Leasing Ltd | London Forfaiting Co. Ltd |
| Broadcastle Bank Ltd | London Scottish Bank PLC |
| Capital Bank Leasing 9 Ltd | Marks & Spencer Financial Services |
| Capital Home Loans Ltd | Mbna Europe Bank Ltd |
| Cattles PLC | The Mortgage Works (UK) PLC |
| Central Trust PLC | Motability Finance Ltd |
| Centrica Personal Finance Ltd | Mutual Clothing & Supply Co. Ltd |
| Charter Central Finance Ltd | National Westminster Home Loans Ltd |
| Cis Mortgage Maker Ltd | Nationwide Syndications Ltd |
| Citibank International PLC | Nationwide Trust Ltd |
| Close Asset Finance Ltd | Nfu Mutual Finance Ltd |
| Close Motor Finance Ltd | Nissan Finance (Gb) Ltd |
| The Co-Operative Bank P.L.C. | Norwich Union Mortgage Finance Ltd |
| Coutts Finance Co. | Norwich Union Mortgages (General) Ltd |
| Creation Financial Services Ltd | Norwich Union Mortgages (Life) Ltd |
| Diners Club UK Ltd | On:Line Finance Holdings Ltd |
| Direct Auto Financial Services Ltd | The Paragon Group Of Companies PLC |
| Direct Line Financial Services Ltd | Preferred Mortgages Ltd |
| Evolution Beeson Gregory Ltd | Premium Credit Ltd |
| Fce Leasing Ltd | Provident Financial PLC |
| Finsure Premium Finance Ltd | Psa Finance PLC |
| First National Home Finance Ltd | Rfs (4) Ltd |
| First Response Finance Ltd | Rfs Ltd |
| Five Arrows Leasing Group Ltd | Royal Bank Leasing Ltd |
| Fleet Business Credit (UK) Ltd | Scania Finance Gb Ltd |
| Fn Mortgages Ltd | Siemens Financial Services Ltd |
| Forthright Finance Ltd | Societe Generale Vendor Services Ltd |
| Fortis Lease UK Ltd | Southern Finance Co. Ltd |
| Fortis Project Finance Ltd | Standard Bank London Ltd |
| Ge Capital Bank Ltd | Stroud & Swindon Mortgage Co. Ltd |
| General Guarantee Finance Ltd | Student Loans Co. Ltd |
| Godfrey Davis (Contract Hire) Ltd | Style Financial Services Ltd |
| Halifax Loans Ltd | S & U PLC |
| Hfc Bank Ltd | Systems Capital PLC |
| Hilton Group Finance PLC | Tml Financial Solutions Ltd |
| Hitachi Capital (UK) PLC | Toshiba International Finance (UK) PLC |
| Homeloans (No. 4) PLC | Toyota Financial Services (UK) PLC |
| Honda Finance Europe PLC | U C B Home Loans Corporation Ltd |
| Hsbc Asset Finance (UK) Ltd | Venture Finance PLC |
| Hsbc Equipment Finance (UK) Ltd | Vfs Financial Services (UK) Ltd |
| Inchcape Financial Services Ltd | Xerox Finance Ltd |
| Ing Lease (UK) Ltd | Yorkshire Bank Home Loans Ltd |
EXECUTIVE SUMMARY
This Business Ratio report focuses on the leading 110 companies operating as finance houses. This summary brings you a sample of key details from this invaluable report. The report itself includes many further analyses of the performance of individual companies and the industry as a whole. The report analyses company and industry performance over the three years up to 7th June 2003. During this period, the average company has seen sales increase by 24.9 percent, from £141.6 million in 2000/01 to £176.8 million in 2002/03. Profits increased at the higher rate of 40.2 percent, from £17.4 million in the first year of analysis to £24.4 million in the final year.
Profitability
Employee Performance
Top Ten Companies by Turnover
| Profit Margin | Asset Utilisation | Total Debt/Net Worth | Sales | ||||||||
| Company Name and | (%) | (%) | Growth | ||||||||
| Third Year Sales £ million | 02/03 | 01/02 | 00/01 | 02/03 | 01/02 | 00/01 | 02/03 | 01/02 | 00/01 | % | |
| Report Averages | 14.7 | 13.6 | 12.1 | 0.1 | 0.11 | 0.11 | 1657.4 | 1822.2 | 1926.8 | 6 | |
| Lombard Nrth Cntrl PLC | 1613.4 | 8.9 | 11 | 11.7 | 0.13 | 0.1 | 0.13 | 104.8 | 61.5 | 35.7 | 32 |
| Llyds TSB Ast Fnce Dvsn | 1386.6 | 6.2 | 9.3 | 3.8 | 0.15 | 0.15 | 0.11 | 25.4 | 12.4 | 12.3 | 29 |
| Tshba Intl Fnce (UK) PLC | 1371.8 | 0.1 | 0.1 | 0.2 | 2.98 | 2.96 | 3.17 | 2804.7 | 2460.2 | 2981.4 | -1 |
| Natl Wstmnstr Hme Loans | 1197.8 | 14.1 | 10.6 | 9.7 | 0.06 | 0.07 | 0.07 | 16977.6 | 15549.4 | 14714.4 | -2 |
| GE Capital Bank | 1140.4 | 15.6 | 18.1 | 17.3 | 0.14 | 0.15 | 0.21 | 661.9 | 507.7 | 293.3 | 24 |
| First Natl. Home Finance | 901.2 | -7.7 | 7.7 | 9.3 | 0.12 | 0.14 | 0.15 | 0 | 19.4 | 17.5 | -15 |
| MBNA Europe Bank | 898.6 | 23.3 | 25.6 | 30.8 | 0.17 | 0.2 | 0.22 | 8.6 | 25.9 | 22.8 | 35 |
| Bristol & West PLC | 898.3 | 5.7 | 12.6 | 12.1 | 0.06 | 0.07 | 0.08 | 34.4 | 49.1 | 45.2 | -7 |
| Provident Fincl. PLC | 875 | 19.6 | 20.4 | 22.1 | 0.48 | 0.59 | 0.6 | 238.2 | 176.2 | 158.3 | 10 |
| Citibank Intl. PLC | 866.9 | 9.1 | 10.2 | 23.2 | 0.05 | 0.06 | 0.06 | 0 | 0 | 8.3 | 14 |
Text © 2004 Prospect Swetenhams
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Last updated by Amanda Porteous February 2004