Vanquis Banking Group plc and its operating companies is a specialist lending business which operates across the United Kingdom (UK).

The total number of people employed by the Vanquis Banking Group across its corporate office and three product divisions as at 31 December 2021 stood at 2,535. Collectively, these colleagues serve 1.6 million customers in the UK. Vanquis Banking Group supplies credit cards and loans through Vanquis Bank , and vehicle finance through the Moneybarn brand. Vanquis Banking Group has operations in Bradford, Chatham, London, and Petersfield.

In 2021, the Group’s Consumer Credit Division, which operated under the Provident home credit and Satsuma brands, was closed down. As a result of this closure, the Group ceased to have any operations in the Republic of Ireland and was required to make redundancies across the Division. The Group, therefore, entered into a formal collective consultation process in 2021 with the 1,400 colleagues who worked in the Division’s nationwide network of branch offices, and the 700 colleagues who were based in the Bradford head office. Throughout this process, Vanquis Banking Group supported all impacted colleagues through the redundancy process by ensuring that their wellbeing was looked after and giving them tools to find new employment opportunities. The final phase of the closure of the Consumer Credit Division was concluded on 31 December 2021.

The Group is committed to supporting and respecting human rights and, as such, is opposed to slavery and human trafficking in both its direct operations and in the indirect operations of its supply chains. As such, the Group will not knowingly support or do business with any organisation involved in slavery or human trafficking. This commitment is underpinned by the Group’s corporate policy on Human Rights and Modern Slavery which endorses the United Nation’s Universal Declaration of Human Rights and the International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work. The Group also acknowledges the United Nation’s Guiding Principles on Business and Human Rights as the recognised framework for the Group and its Divisions to respect human rights in their own operations and through their relationships with other key stakeholders (e.g. suppliers) and is a signatory to the United Nations Global Compact. This is supported by the Group’s Procurement Policy which further underlines the Group’s commitment to complying with the requirements of the Modern Slavery Act 2015 and ensuring that procurement decisions take account of other sustainability considerations.

Other corporate policies, which support this commitment include the Health and Safety Policy, Whistleblowing Policy, Bribery Policy and Human Resources Policy.