What has gone wrong with Provident Financial?

Provident Financial's headquarters in Bradford
It all started so innocuously. In February, Provident hailed "a strong set of results" in February, as it announced its pre-tax profits had risen 26% in 2016 to £343.9m. At the same time, chief executive Peter Crook outlined the ambition to transform the operating model of its doorstep lending operations. Fast forward six months to today and Crook is gone, following the managing director of the consumer credit division, Mark Stevens, out of the door. He leaves behind a company in turmoil facing a very uncertain future. Provi... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...