StockMarketWire.com - Non-Standard Finance, which has been established to acquire and operate one or more non-standard consumer finance businesses, has completed its acquisition of the Home Credit Division of S&U which trades as Loansathome4u for £82.5m.

Loansathome4u will be run as a division of NSF, to be led by Mark Bardsley as chief executive, former managing director of Shopacheck Financial Services and previously a senior executive at Provident Financial and International Personal Finance.

Mr Bardsley has hired a supporting senior management team to try and enable Loansathome4u to grow its business by expanding the branch network and agent workforce and investing in systems and technology to further enhance its underwriting processes to support increased customer acquisition.

An expanded compliance function will help the business as it continues to support best-in-class customer outcomes.

The company is currently seeking re-admission of its ordinary shares to a standard listing on the Official List and trading on the London Stock Exchange as soon as practicable.


At 10:35am: [LON:NSF] Nonstandard Finance Plc Ord Gbp0.05 share price was +0.5p at 106.75p



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