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Tesco Personal Finance Limited · Edinburgh United Kingdom

Company Description

Interpoint Building 22 Haymarket Yards
Edinburgh
EH12 5BH
United Kingdom (Map)
Phone: +44-0131-479-1000

    Not content with its spot on top of Britain's food chain, Tesco runs a financial supermarket, as well. The financial services arm of one of UK's largest retailers, Tesco Personal Finance (TPF) offers credit cards, loans, insurance (auto, health, home, life, pet, and travel), personal loans, savings accounts, and more. TPF competes with traditional banks, as well as with other retailers that offer financial services, including ASDA and J Sainsbury (Sainsbury's Bank). Supermarket giant Tesco diversified into personal finance in 1997 through a 50-50 joint venture with the Royal Bank of Scotland; it bought out its partner in a deal worth nearly $2 billion in 2008. To read the full description, subscribe now.

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    Key Tesco Personal Finance Limited Financials

    Company TypeSubsidiary

    Headquarters
    Fiscal Year-EndDecember
    Annual Sales (mil.)$901.6
    Employees265

    Tesco Personal Finance Limited Executives

    11 executives listed for Tesco Personal Finance Limited's Edinburgh,  location.
    TitleName & BioContact
    ChairmanAndrew HigginsonNetwork
    CEOBenny HigginsNetwork
    Operations DirectorDuncan McKinnellNetwork

    Competition

    Competitive Landscape for Tesco Personal Finance Limited
    Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.
    Top Tesco Personal Finance Limited Competitors
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