Jump to content

You can now change your notification sounds by going to this link https://www.consumeractiongroup.co.uk/index.php?/&app=soundboard&module=soundboard&controller=managesounds


You can find a library of free notification sounds in several places on the Internet. Here's one which has a very large selection https://notificationsounds.com/notification-sounds



BankFodder BankFodder


BankFodder BankFodder


Attempted coup causes Cattles chaos

style="text-align:center;"> Please note that this topic has not had any new posts for the last 3824 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

The chaotic gathering, originally convened to discuss the financial future of the company, had to be adjourned twice while the board took legal advice on how to respond to shareholders. During the second adjournment, Margaret Young, executive chairman, called Cattles’ lead lending banks to inform them of the investor demands.


The banks separately convened an emergency meeting of key creditors in a race to respond before news of the coup reached employees but were not in a position to comment before the end of the day. Ms Young fought to keep control of the meeting which followed the announcement of a restructuring and a warning that Cattles’ shares are “likely to have little or no value”. The announcement, which many small investors had not seen because they were travelling to London for the meeting, said Cattles was putting Welcome Finance, its troubled lending arm, into run-off.


One shareholder, who said he had lost £80,000 investing in Cattles mostly at the rights issue in April 2008, lambasted the board for “total mismanagement” over 18 months. “When you want money there are pages of information; when there’s a mea culpa there’s none,” he said. “The owners of this company are treated like monkeys.” Several shareholders called for the resignation “before the end of the year” of several board members, including the chairman, for “just being there” while an alleged accounting fraud was conducted by executive directors over several years. The company, former directors and a raft of external advisers are being investigated by regulators.




Attempted coup causes Cattles chaos - Telegraph

Some useful links.


Making Posts

Letter Template Library

Bank Contact Details

AQ Guide to Completion

Court Fees

Data Protection non Compliance

Witness Statements for Court Bundle

Banking Code Website

Limitations Act

Fast Track Costs

A-Z Index

Mis-Claim Tutorial

Step By Step Instructions


Remember: The Ark was built by amateurs-The Titanic by professionals.


Please click my scales if you find my advice helpful !


If your claim is successful, please donate 5% so that it can continue to help others.


Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.



Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers





Share this post

Link to post
Share on other sites



so not only did they rip off debtors , some also ran away with the money, it gets better and better .



please don't hit Quote...just type we know what we said earlier..


if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.



Share this post

Link to post
Share on other sites

What a murky tale is unfolding. Shows how this sub prime lending lark is nothing more than glorified pyramid selling with the "poor" investors suffering as much as the "clients".


Off we go now on the "who is going to be the greediest gravedigger picking over the bones" section.


One now has to wonder on the fate of the Lewis Group and Shopacheck who were presumably set up to 'assist' Welcome in obtaining clients.

Share this post

Link to post
Share on other sites

what goes around


comes around

post office WON 12/11/06


abbey.LBA sent 30/10/06.MCOL claim submitted 8/11/06.allocation questionnaire sent 16/12/06.schedule of charges sent 16/12/06.WON


2nd abbey claim SAR sent 3/1/07.WON.complaint letter sent 18/1/08


alliance and Leicester.WON

Share this post

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.

  • Have we helped you ...?

  • Create New...