Regional Business Information for Yorkshire
Redundancy risk at Cattles division
5th February 2010
By Ian Briggs - Editor, Yorkshire
Don't throw money down the drain says Envirowise
SUB-prime lender Cattles today warned that 450 staff face redundancy at its Welcome Financial Services division.
Shareholders at the Birstall-based lender have previously been told that Cattles is unable to recommend a business plan to its financial creditors that would allow its Welcome Financial subsidiary to lend to existing or new customers.
Cattles is focusing on collecting existing customer loans at Welcome.
Cattles today announced the closure of 70 local branches and collections units at Welcome na......for the full story register now for free or login below...
What a sad state of affairs to what was once a very successful company. It just goes to show what can happen when bankers stick their noses into something they do not understand.
Peter Fletcher