Investment Case
Our strategy is guided by a clear understanding of what sets us apart and how we will harness these strengths to deliver growth and sustainable profitability.
What sets us apart
Serving customers in a large, underserved part of the UK consumer lending market
Over half of UK adults face barriers to mainstream credit. Vanquis has a significant opportunity to grow market share of these consumers in our core products and is digitally evolving and expanding our product propositions to attract and retain customers.
UK consumers with an active credit profile, whose credit needs are not fully met by mainstream lenders
24.2m
Source: Experian (Ascend tool). This figure is the number of individuals aged 18+ in the UK whose credit profiles mean they are not well served by mainstream lenders.
A customer proposition to build financial resilience
Vanquis offers lending, savings and money management solutions to address three core customer needs: healthy borrowing, controlled spending and the ability to build a financial safety net.
Existing products enable customers to build their financial resilience, while, at the same time, improving their credit profiles via Snoop, ‘not yet’ partners and the Vanquis Foundation.
Customer numbers
1.77m
A cost-effective funding model as we build scale
The Group’s banking licence provides a structural funding advantage over competitors by leveraging our deposit franchise to drive scalable growth. Retail deposits provide stable, low-cost funding.
Funded by retail deposits
90%
A modern, efficient and scalable technology platform
Through Gateway, we are building a modern, efficient and scalable technology platform that enables digital-first offerings and customer engagement. It will provide the catalyst for long-term growth and innovation.
Transformation cost savings from Gateway
£23m-£28m
What this should deliver
Sustainable long-term value for shareholders
We are guiding to an increase in gross customer interest-earning balances to >£3.3bn in 2026 and >£3.7bn in 2027 and an improvement in ROTE from low single digits in 2025 to low double digits in 2026 and mid-teens in 2027.
2027 gross customer interest- earning balance guidance
>£3.7bn
2027 ROTE guidance
‘mid-teens’