Petersfield: Fast-growing vehicle finance provider expands into larger offices

After a period of strong growth over several years, vehicle finance provider Moneybarn has moved into new larger offices in its rural hometown of Petersfield, Hampshire.

Moneybarn, which forms part of the Provident Financial Group (PFG), is leading the way in providing vehicle finance to the non-prime market and its momentum shows no sign of stopping.

Malcolm Le May, chief executive of the Provident Financial Group, attended the official opening of the new offices. This was a key moment in the company’s history, with the new offices representing the recent successes of Moneybarn, but also what the future holds for this fast-growing company.

With a heritage dating back to 1992, Moneybarn has seen rapid expansion over the past five years since becoming part of PFG. It has accomplished this by remaining focused on supporting the non-prime sector of the financial market – bucking the trend in an automotive sector that is facing significant challenges through declining manufacturing and new car sales.

The stunning renovated offices will accommodate the current 300 employees and allow for over 150 more to join as the company continues to expand. The space is bright and colourful, much like the company itself, and aims to bring the outside natural environment inside through the use of colour, shapes and patterns. The mission with the workplace is to create a space that fuels a positive and committed state of mind amongst all that work within it, encouraging employees to focus on putting the customer on the team.

Within the offices there are dedicated training rooms, a board room, a large breakout area used to deliver all-staff company briefings each month, as well as an onsite gym with studio and personal trainers.

Shamus Hodgson, managing director, said: “The new building marks a very exciting moment in Moneybarn’s history. It has come after continued outstanding business performance over the last few years and is necessary to support further growth in the years ahead.”