M&S MONEY marked 25 years in business by inviting back their former chairman to their headquarters in Chester.
M&S Money was originally St Michael’s Financial Services, formed in 1985 when the M&S Chargecard was launched nationally on April 2.
The card was a huge hit with M&S customers and as the business grew a new HQ was built on Chester Business Park, off Wrexham Road.
Throughout the years M&S Money has added to its financial portfolio, including offering loans, life assurance, home insurance and an ISA.
Today more than 1,200 staff work at the head office.
Marks & Spencer Financial Services rebranded to M&S Money in 2003 and launched the &More Credit Card – the largest card launch in Europe. Now more than three million people carry an M&S credit card.
The company is now a wholly-owned subsidiary of HSBC as part of a joint venture with Marks and Spencer plc.
To mark a quarter of a century in business, CEO Colin Kersley invited Robert Colvill – managing director in 1985 and who was later chairman of the company – back to the headquarters to meet those long serving staff, some of whom had been working at the company for the full 25 years.
Mr Kersley said: “A quarter of a century in financial services is something to celebrate, particularly given the changes over recent years. We hope our track-record of success shows our customers that M&S Money is a financial services company they can trust.
“M&S remains one of the most trusted brands in the UK. This trust, combined with the product and market knowledge of our parent company HSBC, provides tremendous scope for the development of M&S financial products.”
To celebrate, the company held a party at the Kings Meadow headquarters, a daily prize quiz based on the history of M&S Money and a ball at Chester Racecourse. Proceeds from the ball went to the Children’s Adventure Farm Trust (CAFT).