0 £0.00
This item was added to your basket

Dear visitor,
You are viewing 1 of your 1 free articles

We’ve made wider, important changes to our print and online content to enhance the value of exclusive, insightful, discerning content we create every day. Support valuable editorial content by becoming a member of our Credit Club - register for free or choose a paid plan.

Register now or Login

BrightHouse appoints Thomas Cook’s Mooney as chief executive

Rent-to-own provider BrightHouse has appointed Anth Mooney, Thomas Cook’s head of retail and financial services, as chief executive.

He will take up the role formally on July 1, 2019, subject to regulatory approval by the Financial Conduct Authority (FCA).


Prior to his spell at Thomas Cook, Mooney was director of financial services at Virgin Money where he had responsibilities for savings, mortgages and investments.


He replaces Hamish Paton, who confirmed in January he would be leaving the company.


In February, BrightHouse confirmed it will be closing 30 stores across the country, at a cost of 350 jobs. In its most recent results for the six months to September 29, 2018, BrightHouse reported a rise in pre-tax losses to £22.1m from £19.9m in the comparable period.


Meanwhile, the Financial Conduct Authority (FCA) last year announced plans to cap the amount of interest that rent-to-own retailers charge customers.


BrightHouse chairman, Stuart Deane, said: “Anth Mooney was the stand out candidate amongst an impressive list of applicants for the role. He is a financial services expert who has also managed national store networks – not a common set of skills. I, and indeed the entire board, look forward to working with Anth in the months ahead as he builds a business that can delight our customers, inspire our colleagues and return BrightHouse to sustainable growth and profitability.”


Mooney said: “BrightHouse is a business with huge potential. It has undergone significant change over the last two years, but now as a fully FCA regulated business, it has the chance to realise its clear mission, helping the millions of people that other financial services firms choose to ignore. My job is to ensure that we are providing our customers with the most competitive and innovative products and services we possibly can. I look forward to working hard, alongside the great team of people we have at BrightHouse, to serve our customers and build a strong future for our business.”

Share on LinkedInShare on TwittereCard
Add New Comment



Smart meter rollout extended

Smart meter rollout extended

Pawnbroker Ablemarle & Bond Herbert Brown ceases trading

Pawnbroker Ablemarle & Bond Herbert Brown ceases trading

Ovo set to become UK’s second-largest energy supplier after £500m SSE deal

Ovo set to become UK’s second-largest energy supplier after £500m SSE deal

Upcoming events

Credit Strategy
LinkedIn page

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group