Non-Standard Finance plc has created a sustainable group of operations offering credit to the c.12 million UK adults who are not served by mainstream financial services businesses. NSF has the market-leading network in unsecured branch-based lending (Everyday Loans), is number two in the rapidly growing guarantor loans market (TrustTwo and George Banco) and number three in home credit (Loans at Home). Substantial value should be created, as i) competitors have withdrawn, ii) NSF is well capitalised, with committed long-term debt funding, iii) macro drivers are positive, and iv) NSF has a highly experienced management team, delivering operational efficiency without compromising the key face to face model required for profitable non-standard lending. The group has shown appetite for investment to generate growth and for higher risk lending where it sees higher yields being generated. NSF has medium term targets of 20% loan book growth and 20% EBIT RoA..