Non-Standard Finance Plc Latest Developments and Insights

Non-Standard Finance Plc has been making headlines in recent times, and for good reason. The company has been at the forefront of alternative lending, offering unsecured loans to individuals and small businesses.

In 2017, Non-Standard Finance Plc acquired PDL Finance, a UK-based lender, expanding its operations in the country. This strategic move marked a significant milestone in the company's growth.

Non-Standard Finance Plc's innovative approach to lending has been well-received by customers, with the company's loan book growing steadily over the years. The company's commitment to providing accessible credit options has helped bridge the gap for those who may not qualify for traditional loans.

As a result of its success, Non-Standard Finance Plc has become a leading player in the alternative lending space, with a strong presence in Europe and beyond.

Non-Standard Finance plc is a UK-based financial services company that has been making waves in the industry.

The company was founded in 2007 and is headquartered in Guernsey, Channel Islands.

Non-Standard Finance plc is listed on the London Stock Exchange under the ticker symbol NSF.

The company's main business is providing short-term, high-interest loans to consumers through its various brands, including Wonga and Satsuma.

Its CEO, Damian Griffiths, has been at the helm since 2014.

Non-Standard Finance plc has been making headlines lately, and it's worth keeping up to date on the latest developments.

The company delisted from the London Bourse in August 2023, as announced on July 10, 2023.

Non-Standard Finance's business has been transferred to a new firm owned by its lenders, as reported on July 10, 2023.

The company's shares were suspended pending delisting, which was announced on July 7, 2023.

Non-Standard Finance continued its progress towards an orderly wind down, as stated on July 5, 2023.

Here's a timeline of the key events:

Non-Standard Finance's chairman announced he would step down on June 23, 2023, and the company's shares tumbled 56% amid preparations for potential delisting and wind down.

The company also announced a directorate change on June 23, 2023, and said Alchemy no longer backed a fundraise on May 18, 2023.

Non-Standard Finance's auditor raised a 'going concern' doubt on April 28, 2023.