Premium Credit Insurance
Ermyn House Ermyn Way Leatherhead, Surrey KT22 8UX
  • About Premium Credit

    Premium Credit is the leading provider of premium finance in the UK and Ireland, and the only company endorsed by the British Insurance Brokers’ Association. 

    Premium Credit is authorised and regulated by the Financial Conduct Authority, and work with over 3,000 producers of all sizes.  They serve over 2.2 million customers, process 26 million direct debits and receive advances of £3.4 billion. 

    For 30 years, Premium Credit has led the market through thought leadership, innovation and technology and have helped their partners offer finance compliantly to their customer through face-to-face, telephony and online channels.

    Premium Credit continue to invest to ensure we provide a quality service and support that helps companies grow their business and commission.  From the delivery of seamless customer journey, which includes real time decisioning for financing and 24/7 account servicing, to consultation that improves the offer of finance to customers, Premium Credit are committed to growing the premium finance market.

    Their Specialist Lending division also provides finance to pay other annual costs, such as professional fees, membership subscriptions, commercial service charges, golf clubs and school fees.

Extent of Brexit stockpiling by businesses and households revealed


One in five employees say their employers are Brexit stockpiling

17% of people say they have stockpiled at home over concerns about the impact of a bad Brexit

Over 2.4 million people claim to have spent £500 or more on stockpiling

64% of people working for organisations that have stockpiled as a result of Brexit believe they have missed out on pay rises because of this

New research reveals that 22% of people in work claim that their employers have started to stockpile goods over concerns about a bad Brexit, and a further 4% expect them to start doing this in the next few weeks.  

 In terms of households doing this, the findings, which are from Premium Credit, the UK’s leading premium finance company, reveals 17% of people have started to stockpile as a result of fears over a bad Brexit.  Of those stockpiling, 80% said they have done this with food, 63% with medicine and 43% with drinks.

The impacts of stockpiling can be far-reaching and include companies and people having less cash and relying more on credit to make purchases from clothes, stock to insurance.

 Premium Credit’s research reveals that 16% of people who work for employers that have been stockpiling claim it has had a ‘very negative’ impact on their cashflow, with a further 58% saying it has had a ‘slightly negative’ impact.   Two out of three (66%) say it has adversely affected their employer’s expansion plans; 60% say this about their plans for recruitment; 51% about promotions, and 64% claim to have lost out on pay rises because of it.

Of those people stockpiling at home over fears of a bad Brexit, 30% some 2.44 million people – have spent more than £500 doing this. One in five (19%) have spent over £1,000.

Adam Morghem, Strategy and Marketing Director at Premium Credit said: “There are a lot of concerns regarding a bad Brexit, and our research reveals the extent to which both businesses and individuals are stockpiling as a result of this.  The implications are much wider than many may suspect.  From creating cashflow problems, to under insurance of stockpiled goods to curbing a business’ plans for expansion.  Our findings also suggest that many people may also be missing out on promotions and pay rises as a result of Brexit related stockpiling. With cashflow being adversely affected, it puts pressure on businesses and individuals to rely more on credit to buy the goods and services they need.”