Black Horse (company)

This article is about the subsidiary of Lloyds Banking Group. For other uses, see Black Horse (disambiguation).
Black Horse Limited
Subsidiary undertaking
Industry Consumer finance
Founded 2001 (1922 as UDT)
Headquarters London, United Kingdom
Products Motor loans
Parent Lloyds Banking Group
Website http://www.blackhorse.co.uk/

Black Horse Limited is the UK’s leading provider of motor finance. It was formed in 2001 as a wholly-owned subsidiary of Lloyds Banking Group, but its origins can be traced back to 1922.

History

Following the creation of Lloyds TSB Group in 1998, the businesses of Lloyds Bowmaker (formerly Lloyds and Scottish) and United Dominions Trust were combined into Lloyds UDT. In 2000, Lloyds TSB acquired Chartered Trust,[1] and, in 2001, the business of Chartered Trust was merged into the business of Lloyds UDT and the enlarged business rebadged under the Black Horse name to form the asset finance division of Lloyds TSB.[2][3]

Today, Black Horse helps over 200,000 customers every year to finance new and used cars, caravans, motorhomes or motorbikes through their network of over 5,000 dealers. Finance is subject to status and is only available to UK residents aged 18 and over.

See also

References

  1. ↑ **Finance insight**Lloyds keeps two brands and seeks £25m savings Automotive Management, 15 September 2000
  2. ↑ Lloyds UDT rebrands Fleet News, 9 October 2002
  3. ↑ Written evidence from Lloyds Banking Group (SJ 004) Panel on mis-selling and cross-selling, Parliamentary Commission on Banking Standards, 4 January 2013

External links

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