Secure Trust Bank
Corporate brand
UnclaimedSecure Trust Bank is a British retail and commercial banking group serving consumers and businesses through savings, lending, motor finance, retail finance and asset finance businesses. A UK-based bank
Last updated October 30, 2026
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Overview
Secure Trust Bank is a United Kingdom banking group operating across retail banking, consumer finance and commercial finance. Its activities include savings accounts, unsecured personal lending, motor finance, retail point-of-sale finance and asset finance for businesses. Rather than operating primarily as a large branch-based high-street bank, the group has developed a portfolio of specialist lending and finance businesses, with products distributed through direct channels, dealerships, retailers and intermediaries. The business was established in 1952 under the name Secure Homes Limited. Its early identity was therefore associated with home-related finance rather than the broader banking and specialist-lending platform it later became. In 1985, the company became a subsidiary of Arbuthnot Banking Group. It adopted the name Secure Trust Bank PLC in 1994, marking the transition to the name under which the banking business is now generally recognized. A major corporate turning point came in November 2011, when Secure Trust Bank completed an initial public offering on the London Stock Exchange. The listing provided the company with a public-market capital base and made it one of the smaller quoted banking groups in the United Kingdom. It subsequently became a constituent of the FTSE SmallCap Index. Arbuthnot Banking Group remained an important shareholder after the flotation, although its ownership was later reduced. The group expanded its consumer-credit presence in 2012 through the acquisition of Everyday Loans, a branch-based lender focused on unsecured personal loans for near-prime and sub-prime customers. In 2015 it added an asset finance division, allowing it to lend to businesses seeking financing for assets and equipment. The Everyday Loans business was subsequently sold to Non-Standard Finance: the sale was agreed in December 2015 and completed in April 2016 for an enterprise value of £235 million. That disposal represented a strategic adjustment away from directly owning that consumer-lending platform while retaining Secure Trust Bank's other specialist finance activities. Ownership also changed in 2016. Arbuthnot Banking Group reduced its stake from 51.9% to 20%, in a transaction reported at approximately £145 million. Secure Trust Bank continued as an independently listed banking group with its own operating divisions and brands. In motor finance, the group uses the Moneyway brand for hire-purchase lending and the V12 Vehicle Finance brand for hire purchase, personal contract purchase and dealership finance. Its retail finance operations include V12 Retail Finance, which works with retailers to support consumer payments and finance products. In May 2022, the group completed the acquisition of BNPL start-up AppToPay, which was planned to operate within V12 Retail Finance and add buy-now-pay-later-style products alongside traditional retail finance. Secure Trust Bank has also reshaped its portfolio through disposals of non-core or separately managed businesses. In March 2022, it announced the sale of Debt Managers (a business acquired approximately nine years earlier) to Swedish financial services company Intrum. The transaction reflected the group's continued use of acquisitions and disposals to refine its operating model. Leadership changed in January 2021, when chief executive Paul Lynam stepped down with immediate effect and was succeeded by David McCreadie, formerly a managing director at Tesco Bank. The group remains an active, London-listed UK banking company whose competitive advantage is based on specialist finance expertise, targeted distribution partnerships and lending categories alongside conventional deposit-taking and retail banking.
History
Secure Trust Bank originated in 1952 as Secure Homes Limited. The company later broadened its activities beyond its original home-finance identity and became part of Arbuthnot Banking Group in 1985. In 1994, it adopted the name Secure Trust Bank PLC, establishing the corporate identity used by the modern banking group. The company entered a new phase of development when it floated on the London Stock Exchange through an initial public offering in November 2011. The listing made Secure Trust Bank a publicly traded British banking company and gave it access to the capital markets. It was subsequently included in the FTSE SmallCap Index. The bank's development after listing centered on specialist lending, consumer finance and distribution-led financial services rather than an attempt to replicate the scale and branch footprint of the largest British banks. In 2012, Secure Trust Bank acquired Everyday Loans, a branch-based provider of unsecured personal loans serving near-prime and sub-prime borrowers. The acquisition expanded the group's direct consumer-credit activities and added a recognizable specialist-lending operation. In 2015, Secure Trust Bank launched an asset finance division, extending its business offering to companies seeking funding for assets and equipment. The group then rebalanced its portfolio. In December 2015, it agreed to sell Everyday Loans Holdings Limited to Non-Standard Finance for an enterprise value of £235 million. The transaction completed in April 2016. During the same year, Arbuthnot Banking Group reduced its shareholding in Secure Trust Bank from 51.9 percent to 20 percent in a transaction reported at approximately £145 million. Secure Trust Bank therefore continued as a listed company while becoming less majority-controlled by its former banking-group parent. Secure Trust Bank's operating model has included multiple specialist brands. Moneyway provides motor finance through hire-purchase lending. V12 Vehicle Finance offers hire purchase, personal contract purchase and dealership finance. V12 Retail Finance supports finance at the point of sale and works with retailers. The group also offers savings accounts, consumer lending and business finance under the Secure Trust Bank name and related operating businesses. Leadership changed in January 2021, when Paul Lynam stepped down as chief executive with immediate effect. David McCreadie, who had previously been a managing director at Tesco Bank, was appointed as his replacement. The change took place as the group continued to manage a diversified set of specialist finance activities. In March 2022, the bank announced the sale of Debt Managers to Intrum, a Swedish company specializing in credit management and related services. Secure Trust Bank had acquired Debt Managers approximately nine years earlier. Two months later, in May 2022, it completed the acquisition of AppToPay, a buy-now-pay-later start-up. AppToPay was to operate as part of V12 Retail Finance, adding a newer deferred-payment proposition alongside the group's traditional retail-finance products. Taken together, these events show a bank that has grown through a mixture of public-market development, targeted acquisitions, specialist-brand expansion and portfolio disposals. Its history is characterized by movement between direct consumer lending, motor and retail finance, business asset finance and related credit services. Secure Trust Bank remains an active United Kingdom banking group and a London-listed company.
- 2022
Debt Managers sale and AppToPay acquisition
[1]Secure Trust Bank announced the sale of Debt Managers to Intrum and completed its acquisition of AppToPay for operation within V12 Retail Finance.
- 2021
Chief executive transition
[1]Paul Lynam stepped down as chief executive and David McCreadie became chief executive.
- 2016
Everyday Loans sale completed and Arbuthnot stake reduced
[1]The sale of Everyday Loans to Non-Standard Finance completed, while Arbuthnot Banking Group reduced its holding from 51.9 percent to 20 percent.
- 2015
Asset finance division launched
[1]The bank launched an asset finance division to serve business borrowers.
- 2012
Acquisition of Everyday Loans
[1]The group acquired branch-based unsecured personal-lending provider Everyday Loans.
- 2011
Initial public offering
[1]Secure Trust Bank floated on the London Stock Exchange in November.
- 1994
Adopts Secure Trust Bank PLC name
[1]The company changed its name to Secure Trust Bank PLC.
- 1985
Becomes an Arbuthnot Banking Group subsidiary
[1]Secure Homes Limited became a subsidiary of Arbuthnot Banking Group.
- 1952
Company established as Secure Homes Limited
[1]The business was established under the name Secure Homes Limited.
Products and positioning
A specialist United Kingdom banking and finance group focused on consumer, motor, retail and business lending, supported by savings products and partnership-based distribution rather than a broad traditional high-street branch model.
Retail banking
Savings accounts
Secure Trust Bank offers savings products as part of its deposit-taking activities. These accounts complement the group's lending operations and provide a conventional retail-banking service alongside its more specialized consumer and commercial-finance businesses.
Consumer finance
Consumer lending
The group provides consumer lending products, including unsecured personal finance. Its historical portfolio has included lending to near-prime and sub-prime customers, although the Everyday Loans business associated with that segment was sold in 2016.
Motor finance
Moneyway
Moneyway is the group's motor-finance brand. It provides vehicle finance through hire-purchase arrangements, enabling customers to fund vehicle purchases through a structured repayment agreement.
Motor finance
V12 Vehicle Finance
V12 Vehicle Finance supports vehicle retailers and customers with hire purchase, personal contract purchase and dealership finance. The brand is designed to distribute motor-finance products through automotive dealers and related sales channels.
Retail finance
V12 Retail Finance
V12 Retail Finance provides finance connected with retail purchases and works with merchant partners. Following the AppToPay acquisition, the business was also intended to offer a buy-now-pay-later-style product alongside its traditional retail-finance services.
Business finance · 2015
Asset finance
The asset finance division, launched in 2015, enables Secure Trust Bank to lend to businesses seeking finance for assets and equipment. It extends the group's activities beyond household and vehicle finance into commercial borrowing.
Brand decisions
2022
Acquisition of AppToPayM&ABackground
Secure Trust Bank wanted to broaden its retail-finance proposition with a buy-now-pay-later-style service.
Action taken
The group completed the acquisition of AppToPay and planned to operate it through V12 Retail Finance.
Aftermath
The acquisition added a newer deferred-payment proposition alongside conventional retail-finance products.
2022
Sale of Debt ManagersM&ABackground
Debt Managers had been acquired by Secure Trust Bank approximately nine years earlier and was later identified for disposal.
Action taken
Secure Trust Bank announced the sale of Debt Managers to Swedish financial-services company Intrum.
Aftermath
The transaction represented a further reshaping of the group's portfolio around its core banking and specialist-finance activities.
2015
Agreement to sell Everyday LoansM&ABackground
Secure Trust Bank had acquired Everyday Loans in 2012 as part of its expansion in specialist unsecured consumer lending.
Action taken
The group agreed to sell Everyday Loans Holdings Limited to Non-Standard Finance for an enterprise value of £235 million.
Aftermath
The transaction completed in April 2016, removing Everyday Loans from the Secure Trust Bank group.
Enterprise value. £235 million (Agreement announced December 2015; completion April 2016)
2015
Launch of asset finance divisionStrategyBackground
The bank sought to expand its business-lending capabilities beyond consumer and retail finance.
Action taken
Secure Trust Bank launched an asset finance division to provide lending to businesses.
Aftermath
Asset finance became part of the group's commercial-finance offering.
Sources1 sources
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