Welcome to Cattles Limited On 1 September 2016 it was resolved that Cattles Limited be wound up voluntarily and Simon Appell and Alastair Beveridge were appointed as its Joint Liquidators. Cattles also operates a Corporate Division, providing loans and accounting services for small businesses. Cattles began attracting referrals from other lenders, such as mail order houses and retailers, that passed along credit applications from higher-risk customers to Cattles. Before its entry into liquidation Cattles was a financial services group … The two companies initially remained friendly, but, at the beginning of 1977, Provident launched a full-scale takeover offer of Cattle's. By the early 1960s, the company, which had changed its name to Cattle's (Holding) Ltd., operated a department store, five furnishing stores, a drapery and outfitters store, and a nursery, and had annual sales of £800,000. The Company was founded by Joseph Cattle in 1927 in Hull. While responding to the shifting economic status of the U.K. market, Cattles remained at the top of the consumer credit industry. It was first listed on the London Stock Exchange in 1963.

Cookie Policy If Cattle's had entered the 1960s defined as a retail group, by the beginning of the 1970s, it had already begun to transform itself into one of the United Kingdom's leading credit traders--a process spurred on by the company's flagging retail operations.
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Cattles plc is a British consumer finance company based in Batley, West Yorkshire. Terms and Conditions It was listed on the London Stock Exchange and is a former... ... Find out more about Cattles, Consumer finance and … The man who held £10,000 in Cattles in January 2007 would now find that his holding is now worth £2,890 in round terms, meaning a whopping capital loss on paper of 71% or £7,100. St. James Press, 2004.

The company took a major step forward in 1972, paying a total of £850,000 to acquire Derby-based Progressive Group, which provided check trading and insurance brokerage services. In 1990, the company acquired Compass Credit, founded in 1900, for £8 million, adding its 92-branch network of offices. Source: International Directory of Company Histories, Vol. This effort took on steam in October 2002, when Cattles paid £56.5 million to acquire the car loan portfolios of some 13,000 customers from Citigroup lending wing Associates Capital. The concept of check trading, also known as trading vouchers or shopping checks, evolved from the United Kingdom's retail industry in the late 19th century. Associated sectors: Consumer finance; General Financial; Banking Up (fka Plastyc)USAPrivatePrepaid is the New Checking. Principal Divisions: Corporate Division; Consumer Division. The consumer credit industry faced a challenge from the British government in the mid-1990s, which sought to place controls on the industry--and particularly on the high interest rates charged to customers. Through its chain of Shopacheck branches, the company provides small loans averaging £150, then collects weekly fees, including interest rates of up to 36 percent, through its army of collectors. In 1988, however, Cattle's joined with upholstery and fabrics distributor Rexmore, which also owned the Waldmans retail chain, to form a new Rosebys, combining both groups' retail operations.

Cattle's grew strongly during this period, with sales rising from £1.7 million in 1968 to nearly £4.4 million in 1971. Twitter Although the company has traditionally targeted the low-income, subprime borrower categories, Cattles has been driving into higher income categories in the early 21st century.

La Rochère FrancePrivateThe company is involved in glass manufacturing. By continuing, you agree to VentureRadar's. By the end of 2002, Cattles' sales neared £500 millon. The company is involved in glass manufacturing. Yet the company quickly bounced back, as its growth continued strongly into the new century. In the 1990s it developed the Shopacheck brand. Directory of Companies. Cattle's went public in 1963 and began building its business through a number of acquisitions, including Crescent Premier Supply Company in 1967, and the Grimsby Supply Co. and Easy Purchase Services Ltd. in 1970. The company also acquired consumer credit business Dial4aloan for £15 million that month.
Yet, fearing the entry of the United Kingdom's larger building societies and clearing banks into its core high-risk consumer credit market, Cattle's embarked on a diversification drive in the 1980s. By August of that year, Cattles announced its intention to build up its network to more than 550 branches by 2003. The investor who sold forward Cattles on a spread-trade at £22per point ( equiv to a physical holding of £10,000) would now be sitting on a profit of £7,100. Submit a Company The new Rosebys, held at 80 percent by Cattle's and boasting 115 stores throughout the United Kingdom, was then slated to be spun off as a public company in the early 1990s. WebelementsUnited KingdomPrivateWebElements is the periodic table on the WWW.


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