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bought out the company, seeing huge potential. Prudential remained a major shareholder for the next thirty years and
Guthrie, an entrepreneur knighted in 1936, transformed the business through acquisition and organic growth. After the Second World War, and nationalisation of the railways, the company
176:
The North
Central Wagon Co was set up in Rotherham, West Riding of Yorkshire, in 1861. A group of astute investors see the business possibilities in leasing wagons to local railway companies, collieries and quarries. A black diamond representing a lump of coal was adopted as the company's symbol. By
263:
In 1995, Lombard North
Central changed its corporate identity, and adopted the simple title of Lombard. Lombard Direct was launched as a telephone loans service for personal customers. Lombard Corporate Finance was also created, developing new leasing products for sectors such as films, aviation,
254:
In consumer finance, finance is provided for consumer durables at over 20,000 retail outlets. The 1980s also brought an increase in
Lombard's motor finance, working from 123 offices across the United Kingdom. Links were built with major motor manufacturers and dealers. These relationships were
295:
Lombard launched
Lombard Direct as a personal finance brand in 1995, initially as a telephone loans service. Lombard Direct provided loans within the limit of £800 to £15,000, and became known for their advertising featuring an animated anthropomorphic talking blue telephone (voiced by
246:
During the 1970s, Lombard's 'big ticket' leasing for such items as aircraft, ships and petrochemical works grew. In 1979, Lombard North
Central was licensed as a deposit taking institution under the new Banking Act. In the 1980s, asset based financing for business grew dramatically. A
231:
Lombank Canada was formed as a subsidiary of
Lombard Banking in 1955. In 1975, it became Lombard NatWest Canada and the following year the share capital passed from Lombard North Central to National Westminster Bank and it was renamed
331:. Lombard are title sponsors of the PGA and WPGA Lombard Trophy, a Pro-Am Golf Tournament. Regional finals take place across the United Kingdom, with the grand final taking place in Portugal. Lombard were also title sponsors of the
271:
worth over £395 million. The business now specialised in distinct market segments, Lombard in asset finance for businesses, Lombard Direct in direct personal finance, and
Lombard Banking Services in banking for overseas clients.
275:
At this time, the company head office was now located at 3 Princess Way in
Redhill, Surrey, just adjacent to the Warwick Quadrant. Lombard was one of the town's biggest employers and remained so for a number of years.
286:
Lombard Manx
Leasing Limited (trading as Lombard Gibraltar), Lombard Manx Limited (Isle of Man) and Lombard Finance (CI) Limited (Jersey and Guernsey) are wholly-owned subsidiaries of Lombard North Central.
33:
228:
activities and become one of the largest finance houses in the United Kingdom. In 1971, Lombard Banking and North Central Finance were merged to form Lombard North Central.
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department began to specialise in tailoring and negotiating facilities for major companies, pioneering combined leasing of industrial buildings, plant and machinery.
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283:(RBS) and two of RBS' subsidiaries, RoyScot Trust and Royal Bank Leasing, were merged into Lombard. RBS Group was renamed NatWest Group in 2020.
660:
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1900, nearly 25,000 railway wagons were on hire. After the First World War, the company began to move into financing road transport.
489:
224:
Lombard Banking was taken over by National Westminster Bank in 1970. From its origins in 1946, Lombard Banking had developed
754:
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During the beginning of the 1950s, the North Central Wagon and Finance Co diversified by partnering with merchant bankers
675:
403:
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At the end of 1998, Lombard secured its biggest deal to date, winning a bid to finance the purchase of 78 trains for
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300:). In August 2009, Lombard Direct discontinued writing new personal loans, and closed to new business.
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243:(Malta) was established in 1969 and divested in stages to the Maltese government from 1975 to 1988.
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Lombard Banking had also been active in Malta since 1955, accepting deposits through agents.
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reflected in the company's sponsorship of the annual Lombard RAC Rally from 1978 to 1992.
8:
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Lombard have sponsored various sporting events and athletes, including rowing champions
791:
53:
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316:, who represented the United Kingdom and won the country's only gold medal at the
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163:. The company started life hiring out rolling stock to the railways in 1861.
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bought out the company. After the merger of National Provincial Bank and
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By 1958, banks began to acquire links with hire purchase companies, and
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380:"After Three Centuries, Royal Bank of Scotland Becomes NatWest"
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in 1968, North Central Finance became a subsidiary of the new
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In February 2000, National Westminster Bank was acquired by
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353:"RBS to change name to NatWest and shrink investment bank"
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More than a third of lenders have halted personal loans
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moved more into financing cars and consumer durables.
435:
974:Financial services companies of the United Kingdom
155:. It is one of the largest finance houses in the
969:Financial services companies established in 1861
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661:Lloyds & National Provincial Foreign Bank
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205:National Westminster Bank becomes new owner
172:Foundation as railway wagon leasing company
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264:maritime, technology and private finance.
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984:1861 establishments in the United Kingdom
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159:and part of the ring-fenced business of
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181:Prudential Assurance buys the company
755:National Commercial Bank of Scotland
676:National Westminster Bank of Canada
378:Spezzati, Stefania (22 July 2020).
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423:PGA National Pro-Am Championship
66:, West Riding of Yorkshire 1861
656:International Westminster Bank
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681:National Westminster Bank USA
646:Fuller, Banbury, Nix & Co
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187:Prudential Assurance Company
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760:Commercial Bank of Scotland
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782:Williams & Glyn's Bank
281:The Royal Bank of Scotland
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896:NatWest Staff Association
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26:Lombard North Central plc
750:Citizens Financial Group
671:National Provincial Bank
211:National Provincial Bank
151:company specialising in
18:Lombard (disambiguation)
873:Richard Haythornthwaite
686:NatWest Equity Partners
535:Holt's Military Banking
329:Summer Olympics of 2000
799:Williams Deacon's Bank
772:Tesco Personal Finance
525:Royal Bank of Scotland
787:Glyn, Mills & Co.
603:Lombard North Central
141:Lombard North Central
946:www.natwestgroup.com
909:Annual group revenue
626:Banco NatWest España
409:15 July 2011 at the
318:1996 Summer Olympics
16:For other uses, see
832:Churchill Insurance
792:A Ruffer & Sons
335:from 1974 to 1992.
153:asset based lending
27:
866:Board of directors
580:Investment banking
359:. 14 February 2020
324:, and also at the
189:and the financier
54:Financial services
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881:(Chief Executive)
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822:Direct Line Group
612:Former businesses
542:RBS International
269:Virgin Rail Group
249:Corporate Finance
199:Seligman Brothers
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911:: £14.7 billion
729:Adam and Company
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701:Westminster Bank
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571:Messrs. Drummond
547:Isle of Man Bank
515:NatWest Holdings
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310:Steve Redgrave
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234:NatWest Canada
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927:Stock symbol
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879:Paul Thwaite
817:Angel Trains
743:Retail banks
696:Smith's Bank
666:Lombard Bank
602:
446:Banks portal
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387:. Retrieved
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361:. Retrieved
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241:Lombard Bank
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78:Headquarters
40:Company type
22:
889:Trade union
827:Direct Line
691:Parr's Bank
530:Ulster Bank
389:28 December
363:28 December
304:Sponsorship
963:Categories
875:(Chairman)
849:Jamjarcars
837:Green Flag
339:References
298:Enn Reitel
44:Subsidiary
921:Employees
842:Privilege
384:bloomberg
185:In 1928,
97:Insurance
64:Rotherham
923:: 61,500
706:Worldpay
407:Archived
333:Rally GB
128:.lombard
89:Products
50:Industry
940:Website
933::
619:NatWest
322:Atlanta
259:Rebrand
167:History
149:finance
147:, is a
145:Lombard
121:Website
101:Leasing
82:Crawley
68: (
60:Founded
917:(2023)
326:Sydney
810:Other
111:Owner
105:Loans
391:2020
365:2020
312:and
70:1861
935:NWG
931:LSE
914:GBP
715:RBS
413:QCK
320:in
236:.
132:.uk
130:.co
126:www
965::
942::
929::
631:Bó
382:.
355:.
221:.
201:.
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567:.
491:e
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393:.
367:.
72:)
20:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
