Cattles

Article Abstract:

Cattles is a money lender which specialises in unsecured loans to housewives, with payments made each week, and in monthly consumer credit loans. The company is likely to withstand a recession as it focuses on poorer consumers. Its activities tend not to be sensitive to interest rates, but bad debts do represent a risk. The management iams to offset bad debts by boosting market share. The company's pre-tax profit is estimated at 49 million pounds sterling for 1998 by Teather and Greenwood, and was 39.6 million pounds in 1997 with an exceptional gain excluded.

Consumer credit

---

Cattle's

Article Abstract:

Cattle's provides unsecured loans to borrowers who cannot easily obtain credit from other sources. The company's market is comprised of low-income groups, and groups C2 and D account for 52% of the UK population. Increased unemployment, the replacement of steady full-time work with insecure part-time work, and increased marriage break-ups have boosted demands for such loans. Bad debts account for 4% of loans outstanding. The company has the capacity to increase through acquisitions.

---

Cattles rounds up the stray sheep

Article Abstract:

Cattles is a UK company which provides credit to customers who cannot easily obtain credit elsewhere. This means that credit assessment is important. Shopacheck is the main company in the group, and uses self-employed agents to make weekly collections from customers who live mainly in northern England. Welcome Financial Services accounts for a smaller share of profits but has greater growth potential, and provides credit for hire purchase.

Similar abstracts:

• Abstracts: Taxing questions. It all comes out in the wash. Not always much of a tax shelter
• Abstracts: Changes on the way. Netting support. Marriages of convenience
• Abstracts: Safety first. Trading on the past. It could be who?
• Abstracts: Coats Viyella. New broom picks up the thread at Coats. The house that David built: forty years and 50 deals went in to building textiles giant Coats Viyella. Its architect, Sir David Alliance, believes that investors will shortly be able to appreciate its final design
• Abstracts: Leisure moves up the must-have list. Estate of the nation. Tough time for estate agents

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.