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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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