Thorn’s strategy is to grow the market position and performance of its two core businesses, consumer leasing and business finance. These businesses have sound attributes and provide a suitable return on capital for the risk involved.
Our strategy involves ensuring our people and businesses have the resources to prosper. Fostering skills in credit assessment is common to how we execute our strategy, along with the people side of our business, as we deal directly with customers in our consumer leasing stores and come to know the individual needs of small businesses.
The rapid growth of business finance has meant that providing capital to this operation is a critical component of its expansion. Our bankers and shareholders are providers of this capital which has enabled business finance to take on more commitments, meeting the needs of more small businesses.
Both our core businesses have potential for organic growth and as business and industry conditions allow, there may be scope for acquisitions. Industry developments in consumer leasing may result in consolidation opportunities and in a more fragmented business finance industry, there is scope to foster a growing network of referrers and alliances as well as source bolt on acquisitions or develop new lines of business.
