From origins in 1937, Thorn has become one of Australia’s leading financial service providers, offering a broad range of financial solutions to meet a growing demand of niche consumer and commercial markets. Underlying this positioning is Thorn’s commitment to giving customers a “fair go”.
Thorn’s foundation business, Radio Rentals remains a leader in consumer leasing with 90 outlets nationally and a unique Rent-Try-$1Buy® offering. Thorn’s other major pillar, Thorn Business Finance is growing fast and is now a major contributor to earnings diversity and overall group earnings, focusing on small and medium sized businesses with a broadening product suite.
Thorn’s strategic direction over the next few years is to focus on growing the two areas of highest return, consumer leasing and business finance, with product development, organic growth and potential acquisitions, while also applying the group’s skillset to accounts receivable management.
