welcome finance and yes loans

[miliitant]

i am helping out a poster on this

i have this nagging feeling in the back of my mind that yes loans were once a welcome finance/cattles group company

has anybody a list of welcome or cattles group companies to hand

i am talking about six years ogo as welcome were known as progressive financial services

[Hurricane Puffrose]

Re: welcome finance and yes loans

give me a few militant... finding the shovel

[miliitant]

Re: welcome finance and yes loans

i believe now it might be dial4aloan but please check yes loans from 6 years ago

[Hurricane Puffrose]

Re: welcome finance and yes loans

Telephone on:

0844 856 9111

By email at:

assistance@yesloansuk.com

Or by post at:

Yes Loans Ltd, Tintern House, William Brown Close, Llantarnam Park, Cwmbran, NP44 3AB

Company overview


Cattles has three businesses - Welcome Finance, Shopacheck and The Lewis Group.
Until December 2009, Welcome Finance provided unsecured and secured personal loans and hire purchase for cars to individuals with non-standard credit profiles. Welcome Finance is now closed to new business.
Welcome Finance has 400,000 customers whose accounts are managed by a network of branches across the United Kingdom.
Shopacheck, the second largest player in its market ('home collected'), provides small ticket loans to customers with non-standard credit profiles. Local agents visit customers at home to collect customer repayments.
The Lewis Group is a UK leader in debt recovery and investigation services, serving both external clients (e.g. banks, catalogue retailers, utility companies) as well as Welcome Finance.
http://www.cattles.co.uk/about-us/company-overview

[seduraed]

Re: welcome finance and yes loans

I belive yes loans were a broker that dealt almost exclusively withwelcome . I'm not sure if they were actually part of cattles group.

[miliitant]

Re: welcome finance and yes loans

i am trying to find a direct link between yes loans and welcome on the broker commission payments

these people know how to hide information

please keep digging people

[Hurricane Puffrose]

Re: welcome finance and yes loans

ok so far I have

The Company was founded by Joseph Cattle in 1927 in Hull.^[1] It was first listed on the London Stock Exchange in 1963.^[1] In the 1990s it developed the Shopacheck brand.^[1] In 1990 it acquired Compass Credit and went on to buy Welcome Financial Services in 1994, The Lewis Group in 1997 and Dial4aloan in 2001.^[1]
In June 2009 in an effort to improve liquidity, Welcome Car Finance, the company's car financing arm was closed.^[2] This followed the announcement made by Cattles in May 2009 that the company was to axe 1000 jobs. The closure meant that 130 jobs were lost.^[2]
In March 2009 three directors - James Corr (Finance Director), Ian Cummine (Chief Operating Officer) and Adrian Cummings (Compliance and Risk Director) were suspended pending an investigation by Deloitte into accounting irregularities.^[3] In July 2009, the above 3 directors were dismissed without compensation and the Chairman Norman Broadhurst and CEO David Postings chose to leave the group.
In December 2009 the company announced that its losses were such that shareholders could not expect their shares (suspended from trading in April 2009) to have any value. Executive chairman Margaret Young refused to put to an extraordinary general meeting of shareholders a proposal that the non executive directors who constituted the audit committee of the company consider resigning at the end of the year.
Shareholders then voted with an 83% majority in favour of a request to ask the financial creditors of the company to sanction the payment of up to £500,000, to cover the costs of a shareholder petitioning to wind up the company.^[4]
PWC (Price Waterhouse Coopers) agreed a request to resign as auditors of the company. Grant Thornton were appointed in their place.^[5]
Paul Felton-Smith, who is experienced in financial restructuring, was appointed as Finance Director in June 2010.^[6]
Cattles was acquired by Bovess Limited on 28 February 2011, as part of a High Court sanctioned scheme of arrangement. Cattles was then delisted from the LSE on 7 March 2011