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Non-Depository Financing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Non-Depository Financing Market Research Report | SIC K64.920 | Oct 2016

Payday problems: Revenue has grown despite a consistent decline in enterprise numbers

IBISWorld’s Non-Depository Financing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£6bn
Annual Growth 12-17
2.4%
Annual Growth 17-22
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Profit
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Employment
25,327
Businesses
1,157
Industry Analysis & Industry Trends

The industry is expected to grow at a compound annual rate of 2.4% over the five years through 2016-17 to £5.8 billion. Growth has been supported by improvements in the housing market and an expanding demand for consumer credit. Difficulties associated with securing funding from conventional lenders also had a positive influence. In addition, the level of funding available to industry operators increased, supporting industry growth. Nevertheless, due to the diverse nature of the industry, demand conditions differed considerably between different segments... purchase to read more

Industry Report - Starting a New Business Chapter

The major barrier to entering this industry is the high level of competition from depository lenders such as banks and building societies. Depository lenders are able to raise funds through both customer deposits and wholesale funding markets, while non-depository finance companies are limited to wholesale markets or their own capital. The ability to gather funds to lend at competitive rates therefore presents a barrier to entry. During the financial crisis a number of firms exited the industry or stopped writing new loans due to difficulty accessing funding. However, scale is not a requisite characteristic for competing effectively in this industry. Reflecting this, industry concentration is low. Thi.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Non-Depository Financing Industry?

This industry includes companies that lend money or otherwise grant credit. These organisations do not fund their lending through deposits as a bank or building society would. Instead, they sell bonds and shares and sell loans on to other companies. Participants range from non-depository mortgage finance companies to pawnshops.

Industry Products
Mortgage financingConsumer creditBusiness loansPayday loans
 
Industry Activities
Mortgage lendingConsumer credit grantingBusiness lending


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