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Group business review

The group has produced a solid performance in 2009 as a result of the careful management of growth, impairment and costs against the backdrop of a worsening economic environment. The group has a strong balance sheet and liquidity position.

Download Business review tables Excel 0.04Mb

Group results 2009
£m
2008
£m
Change
£m
Home credit 128.9 128.8 0.1
Real Personal Finance (7.7) (2.7) (5.0)
Consumer Credit Division 121.2 126.1 (4.9)
Vanquis Bank 14.1 8.0 6.1
Yes Car Credit 0.2 (2.9) 3.1
Central:      
– costs (7.0) (5.5) (1.5)
– interest receivable 1.6 3.1 (1.5)
Total central (5.4) (2.4) (3.0)
       
Profit before tax and exceptional costs 130.1 128.8 1.3

Pie chart showing the split of business divisions by year-end receivables

Split of business divisions by year-end receivables

78 percent

Consumer Credit Division £883.8m

22 percent

Vanquis Bank £255.5m

2.3 million

Total number of group customers

£130.1 million

Profit before tax and exceptional costs*

*stated before exceptional finance costs of £4.4m.