Mercantile Credit Co Ltd

Sectors:

  • Financial services Credit, hire purchase, leasing, etc, services

Notes:

Traced origins to 1934 when formed to effect the merger of three hire purchase/consumer finance businesses: Bankers' Commercial Security Ltd, established 1904 in USA; Mercantile Union Guarantee Corp Ltd (1921); and Equipment Trust Co Ltd (1927). Initially business continued by the three independently. Architect was Sir Edward de Stein. Subsequently acquired other businesses providing short term finance via leasing, discounting book debts/factoring, contract hire, etc. By late 1950s branches throughout England and Wales. 1975 acquired by Barclays Bank Ltd

Groups: