Cattles Misery increases

[pookeymonkey]

They can't even get a simply announcement right, I wonder how the company ended up in such a mess!!

 

Cattles PLC - Potential Staff Reductions - Replacement| News| CTT| CTT.L| GB0001803666 | Cattles PLC - Interactive Investor

 

Pookey

[UnmoderatetheNet]

I can see the finish post just one last push now.

 

Any court action started by Howard Coward such after taking advice be DEFENDED.

 

DEFEND, DEFEND, DEFEND

 

Lets see the back of this pond life if they can't recover debt they can't pay the mounting debt they owe to RBS and plugs will be pulled.

 

I running a book on cattles finally going down 4/1 says autumn 2010.

[skegleg]

a piece in nottingham post today

 

Cattles set to wind down Welcome Financial Services

[247orbital]

Great comment from one of the posters

 

Cattles have the moral compass of Hitler!

[master woody]

any more news on this

 

bump

[master woody]

Are cattles still going??

[postggj]

i myself said and have allways believed that cattles had 3 to 6 months left after they started closing down welcome.

 

rbs will prob pull the plug soon as lewis is not performing as expected

 

cattles has no money comming in

 

its all going to rbs

 

shame

[UnmoderatetheNet]

there only revenue thread is existing debt and debt they stupidly bought and guess what its 90% unenforceable.

 

RBS knows it, Cattles knows it the people they try to bully money out of know and share holders know it.

 

In short expect Cattles revised accounts within the next few weeks and its gonna show one hell of a loss.

[skyblue2027]

If cattles pulls the plug on welcome, what happens to debts with DCA's such as mine with 1st Credit?

[UnmoderatetheNet]

gets sold as an asset to some other pondlife for pennies and you still owe the full amount, is it me or is the law concerning buying debts just a tiny bit, maybe.....

 

.....OUT OF FECKING DATE!!!!!!!

[pookeymonkey]

Credit Today online

 

Just gets better and better!!

 

 

Hope the have enough left to pay the Court listing fee for Mrs. Pookeys case in a couple of weeks! More importantly I hope they have enough left for our wasted costs when they lose or discontinue the day before!

 

Pookey

[Seminole]

I'm not sure that having the company's assets (particularly the debts it hounds people for) owned by a charitable trust meets any definition of the word charitable that I would care to use.

[itsamomentintime]

1p in the pound

 

oh dear!!

[UnmoderatetheNet]

Credit Today seem to have forgot to mention this bit.

 

Sources close to the company said creditors were reluctant to put Cattles into administration because it would make it harder to collect money due on thousands of personal and second-hand car loans.

 

But delisting Cattles from the stock market and selling it to a new company would allow shareholders to crystallise losses for tax purposes.

 

Anyway, as predicted Cattles is going down but no mention of CL Finance, wonder if they are to included in the Lewis sell off?

[pookeymonkey]

1p in the pound

 

oh dear!!

 

Perhaps this should be our new benchmark when ofering a full and final to CL Finance/Lewis.

 

If it's good enough for Cattles......

[postggj]

Tick-tock

Tick-tock

 

I Said Six Months Max:)

[PGH7447]

happy days:D

[caledfwlch]

When I loaded the link up it had a link to a discussion on CAG.

 

Claiming that thousands of people have had CCJ's because they came on here.

 

CAG must really be hurting the profits.

 

I did have an enormous giggle at the chap demanding that CAG should be licenced and regulated.

 

Snigger, snigger, snigger.

[cashins]

When I loaded the link up it had a link to a discussion on CAG.

 

Thats wandered over to here:

 

http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/261822-more-wingeing-credit-today.html

 

David

[PGH7447]

Found this today

 

Cattles had hoped to offer Utopia to public - Business News, Business - The Independent

 

Cattles had hoped to offer Utopia to public

 

Cattles, the doorstep lender that has written no new business since its shares were suspended 18 months ago, was planning to rename itself Money Utopia Bank in an effort to attract retail depositors, it has emerged.

 

The new name was understood to be the idea of the group's former chief executive David Postings, which a source close to the company at the time described as "ill-judged".

 

----------------

Obviously a man with little talent

-------------------

 

Sources close to the company last week said that its main doorstep lending business, Shopacheck, and its Lewis Group debt collection unit were still trading profitably.

No decision has been taken on what will happen to the two businesses, but they are likely to be put up for sale to help raise money for creditors

[harrassed senior]

Sources close to the company last week said that its main doorstep lending business, Shopacheck, and its Lewis Group debt collection unit were still trading profitably.

No decision has been taken on what will happen to the two businesses, but they are likely to be put up for sale to help raise money for creditors

__________________

Oh dear, now the boot is on the other foot, should they be insisting that they 'sell' something to pay their debts? surely that is against OFT Guidelines:confused:

[UnmoderatetheNet]

'Cattles, the doorstep lender that has written no new business since its shares were suspended 18 months ago'

 

Ahh that makes me heart glow

 

'was planning to rename itself Money Utopia Bank in an effort to attract retail depositors, it has emerged'

 

Thank god that never happened even more money would have been lost.

 

'No decision has been taken on what will happen to the two businesses, but they are likely to be put up for sale to help raise money for creditors.'

 

Okay so Shopacheck and Lewis is sold, where does that leave Cattles????

 

More to the point where does that leave the CL Finance unenforceable debt mountain of purchased debt???????

 

Who is gonna buy that????????

[cerberusalert]

Who is gonna buy that????????

There's always someone, probably with the financial backing of an Oligarch or an Arab bank.... just like wot Lowells did. http://www.consumeractiongroup.co.uk/forum/debt-collection-industry/137789-lowell-group-sale.html

[jimbo45]

Hi there

Can I put in a CCJ to them for MY TIME AND COSTS WASTED ON ANSWERING THEIR POINTLESS LETTERS -- they are quick to attempt to add "Administration Fees" and the like -- why shouldn'i I also charge themfor WASTING MY TIME when they haven't got a leg to stand on.

 

Might be worth spending the 10 GBP or so to send them a Northampton CCJ for whatever --- even if they defend it they can't sell the company until the court case is settled.

 

Might be an interesting one -- It'll only cost you around a tenner with an automated CCJ issued by the Bulk court Northampton -- can probably be done in 5 mins too.

 

I don't even care if the case is thrown out but would be good to give some of these thugs and bullies a taste of their own medicine.

 

As they usually don't keep paperwork very well they won't be able to go to court saying they haven't received the paperwork if you've sent the demand by Recorded Delivery too.

 

Cheers

jimbo

[Seminole]

Sounds like fun but it would also be very risky.

 

Applying for a county court judgment can be extremely expensive. It's important to understand that reclaiming charges claims etc were largely dealt with in the small claims track where each side bears its own costs. However, these claims didn't get into that track when they were initially submitted. It only happened after allocation questionaires were submitted.

 

Making a frivolous claim risks having it struck out early in the process. If that happens or if a judge moves it away from the small claims track, it's quite possible for the claimant to be landed with the other side's costs.

 

Sorry to be a killjoy but the court process is not to be trifled with.