Leeds consumer finance firm celebrates 11th year of growth

A financial services provider based in Yorkshire has reported its 11th year of growth.

Hitachi Capital, which is based in Leeds, has reported a pre-tax profit of £129.4m for its 2019/2020 financial year.

The firm, which specialises in personal and business lending, reported net earning assets of £5.9bn, a six per cent increase on the previous year.

Vincent Reboul, managing director of Hitachi Capital Consumer Finance, commented: “Over the last 12 months, we have revolutionised our on-boarding platforms, focussing on digital channels to transform retailer relationships and create even better, frictionless experiences for consumers and partners.

“The success of this investment is shown in the strength of our results, which remain robust amid a tough retail and consumer lending landscape.

“The last quarter of the financial year was a real test for us as a business, especially as the retail market was one of the hardest hit as a result of the lockdown.

“I’m confident that the investments we have made in our business and our people will help us emerge from the COVID-19 crisis, in a strong position.”