Black Horse Motor Finance is undergoing
further consolidation, although reports from the company confirm
that the current round of restructuring will not be “anywhere near”
as comprehensive as the changes undergone by the market leader in
the last two years.
Four of the lender’s sales regions – two in
the north and two in the southeast – are to be consolidated into
two new areas, with two area directors to be made redundant as a
result.
Go deeper with GlobalData
It is understood that the restructuring will
not have a major impact on the volume of business written by Black
Horse this year.
A source close to the UK’s largest car finance
house said “the changes have been made with the Lloyds Banking
Group balance sheet in mind – as ever, the pressure is on Black
Horse to achieve margin targets, and this means cutting overheads
where possible.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
