NewDay (company)

NewDay Limited
Limited company
Industry Financial services
Founded September 2000
Headquarters Two Pancras Square
Kings Cross
London N1C 4AG[1]
Key people
 James Corcoran
(Chief Executive)
Products Credit products
Website www.newday.co.uk

NewDay, formerly SAV Credit, is a financial services company specialising in providing credit products to consumers in the United Kingdom. The company was established in 2000.

On 13 May 2013 the company completed the purchase of Santander UK's store card business, including branded cards issued for retailers including Topshop, Dorothy Perkins, House of Fraser and Debenhams.[2] Santander continued to operate the cards business until 1 April 2014, when SAV took full control and was renamed NewDay.[3][4]

NewDay is organised into two limited companies: NewDay Ltd and NewDay Cards Ltd. Both are authorised and regulated by the Financial Conduct Authority,[5] and subscribe to the Lending Code.[6]

References

  1. ↑ "Company Enquiry". Retrieved 20 November 2014.
  2. ↑ Steve Slater (20 December 2012). "Santander UK to sell UK store cards portfolio". Reuters. Retrieved 29 April 2013.
  3. ↑ "SAV Credit completes acquisition of Santanders Retail Co-Brand Credit Card / Point-Of-Sale Finance Business". SAV Credit. 13 May 2013. Retrieved 28 May 2013.
  4. ↑ "NewDay". SAV Credit. 2014. Retrieved 5 February 2014.
  5. ↑ "Company Registration Details". NewDay. April 2014. Retrieved 18 April 2014.
  6. ↑ "Subscribers". Lending Standards Board. Retrieved 5 November 2015.


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