Welcome Finance - This company needs to be banned.

[smorrissey]

Go on andie swing by and report back - peep through the windows - hahahah

[ROMULUS04]

Just tried my local branch here in NI but alas no answer not even an automated answering service! Cheap B*******! It is Paddy's day so maybe they've been given a hard earned day off

[andie_303]

peep through the windows - screw it just gonna go through the front door and ask what a tenner will buy me in second hand office gear lol

[Sol]

Lol maybe you should hand out fliers for the Job Centre Andie

[andie_303]

Just tried my local branch here in NI but alas no answer not even an automated answering service! Cheap B*******! It is Paddy's day so maybe they've been given a hard earned day off

 

 

lets hope it's a permanant rest - and have you seen them buggers at it - hardly call it work

[andie_303]

Lol maybe you should hand out fliers for the Job Centre Andie

 

I would but you know what I couldn't care less about them - it's just a shame my taxes are gonna have to support them being on the dole!

[smorrissey]

ahahahahahahahahahaha

 

Brilliant!

 

I hate the fact we will have to support them if (or when) they are all on the doll!

 

I need to nip out now to find out why for the last week I have recieved a newspaper through the door (I have not asked for it) - someone must be missing out (oooopps)

[andie_303]

dipply - back at full internet now - sent you something interesting - can you have a peek for me? Thoughts appreciated.

[ROMULUS04]

lets hope it's a permanant rest - and have you seen them buggers at it - hardly call it work

 

 

That's not fair Andie must be really stressful dialling numbers at what is it now £15.00 a pop? Bless um

[SHELLA]

They're taking a long time to die though I'm almost sorry I gave up smoking....the waiting is awful lol.

[Confused of essex]

Anyone want to see a typical statement of price and how they make a fortune out of something so silly as a Acceptance fee.

 

This is what it shouldnt look like!

 

http://i448.photobucket.com/albums/qq203/082stewie/Welcomestatementofprice.jpg

 

Should have been £235 but over 180 months works out at £669.6 (Hmmm thee 6's)

 

Nice one Welcome. And the Total per month is exactly what I have been paying every month!

 

Stewie

 

Ps: If I pay off this loan under the terms laid out. I would have paid back £53370.

 

Ive never seen one of these just given my CCA to sign is that a good or bad thing?

[Sol]

I would but you know what I couldn't care less about them - it's just a shame my taxes are gonna have to support them being on the dole!

 

That's true, but it's better than a government bail-out. If Labour did bail this company out, the Tories would undoubtedly, be the next government!

[andie_303]

Anyone want to see a typical statement of price and how they make a fortune out of something so silly as a Acceptance fee.

 

This is what it shouldnt look like!

 

http://i448.photobucket.com/albums/qq203/082stewie/Welcomestatementofprice.jpg

 

Should have been £235 but over 180 months works out at £669.6 (Hmmm thee 6's)

 

Nice one Welcome. And the Total per month is exactly what I have been paying every month!

 

Stewie

 

Ps: If I pay off this loan under the terms laid out. I would have paid back £53370.

 

you know though mines a bit wierder than that mine was £75 over 36 months but even when you add the interest charges in it doesn't add up. In order for my monthly acceptance fee thing to add up I would have had to have been charged 78% interest - so not only have they spread my payments over monthly installments which they shouldn't do it seems they've pulled an interest rate out their ass to stick on top of it.

 

I would have repaid back £7350 on a £2000 loan - aint hindsight a wonderful but expensive thing??

[andie_303]

That's true, but it's better than a government bail-out. If Labour did bail this company out, the Tories would undoubtedly, be the next government!

 

never voted Tory in my life but if Labour did help this company out I'd sure as hell be voting Tory and I can't stand them (sorry to any torries out there don't have a go! )

[082stewie]

It just gets better!!

 

 

RNS Number : 0083P Cattles PLC 17 March 2009

Cattles plc

£400,000,000 7.125% bonds due 2017 (the "Bonds"), issued pursuant to a Trust Deed dated 5 July 2007 (as amended from time to time) between Cattles plc (the "Issuer") and HSBC Trustee (C.I.) Limited (the "Trustee")

The Issuer is aware that certain bondholders are seeking to form a co-ordinated group to allow dialogue between the Issuer and bondholders, in light of recent announcements by the Issuer. Bondholders wishing to participate in this group are requested to contact John Hale at the ABI in the first instance.

The Issuer has had an initial, informal meeting with certain of the bondholders to discuss the current position. The information provided by it at the meeting was in the public domain or of a non-price sensitive nature. Details of the matters discussed at the meeting are to be provided on request. Contact details for this purpose are as follows:

Cattles plc Kingston House Centre 27 Business Park Woodhead Road Birstall Batley West Yorkshire WF17 9TD Fax: +44 (0) 1924 448 324 Attention: M.W.G. Collins

Further to the announcement by the Issuer on 10 March 2009 in which the Issuer gave notice that the Board believes that the Issuer is in breach of covenants under its borrowing arrangements, the Issuer has given notice to the Trustee that a Potential Event of Default has occurred under the Bonds by reason of the cross-default provisions in the Bonds.

---

--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange

 

AND

 

 

 

RNS Number : 0082P Cattles PLC 17 March 2009

Cattles plc

£350,000,000 6.875% bonds due 2014 (the "Bonds"), issued pursuant to a Trust Deed dated 17 December 2003 (as amended from time to time) between Cattles plc (the "Issuer") and HSBC Trustee (C.I.) Limited (the "Trustee")

The Issuer is aware that certain bondholders are seeking to form a co-ordinated group to allow dialogue between the Issuer and bondholders, in light of recent announcements by the Issuer. Bondholders wishing to participate in this group are requested to contact John Hale at the ABI in the first instance.

The Issuer has had an initial, informal meeting with certain of the bondholders to discuss the current position. The information provided by it at the meeting was in the public domain or of a non-price sensitive nature. Details of the matters discussed at the meeting are to be provided on request. Contact details for this purpose are as follows:

Cattles plc Kingston House Centre 27 Business Park Woodhead Road Birstall Batley West Yorkshire WF17 9TD Fax: +44 (0) 1924 448 324 Attention: M.W.G. Collins Further to the announcement by the Issuer on 10 March 2009 in which the Issuer gave notice that the Board believes that the Issuer is in breach of covenants under its borrowing arrangements, the Issuer has given notice to the Trustee that a Potential Event of Default has occurred under the Bonds by reason of the cross-default provisions in the Bonds.

---

--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange

 

Banks want the money back Wooohoo poor Welcome!! This is Welcome admitting they have broken the banking covenant of its loans. I had no idea HSBC had such a bit slice of this!

Edited March 17, 2009 by 082stewie

[andie_303]

Ive never seen one of these just given my CCA to sign is that a good or bad thing?

 

hmmmmm perhaps you should double check on that one - these have managed to appear as if by magic if you catch my drift.

 

SAR will show it if it exists.

 

Welcome use it as a 'look they did know exactly what they were paying for' kind of thing.....we use it as a 'look you lying scumbags you've just broken the law' kind of thing

[Voda]

I HAVE JUST PHONED FELTHAM IN MIDDLESEX & SUTTON IN SURREY BRANCHES AND NEITHER OF THEM ARE ANSWERING THE PHONE.

 

LOOKS AS IF THEY HAVE CEASED TRADING ............

[082stewie]

No its just the whole phone system they paid millions for is on the blink.

 

I believe IBM are working on the problem. The phone system links up to account, it couples call with customer details. So without the phone they cant work.

 

Stew

[andie_303]

No its just the whole phone system they paid millions for is on the blink.

 

I believe IBM are working on the problem. The phone system links up to account, it couples call with customer details. So without the phone they cant work.

 

Stew

 

so why aren't our compliance friends picking up the phone?

[andie_303]

huh so that's where our money has gone - well spent huh

[andie_303]

perhaps that goes some way to explaining the number of guests - nothing better to do?

[082stewie]

perhaps that goes some way to explaining the number of guests - nothing better to do?

 

Sh*t i didnt even notice how many fans having a peek!! This is popular. Maybe I should subscribe to this thread

[andie_303]

It just gets better!!

 

 

RNS Number : 0083P Cattles PLC 17 March 2009

Cattles plc

£400,000,000 7.125% bonds due 2017 (the "Bonds"), issued pursuant to a Trust Deed dated 5 July 2007 (as amended from time to time) between Cattles plc (the "Issuer") and HSBC Trustee (C.I.) Limited (the "Trustee")

The Issuer is aware that certain bondholders are seeking to form a co-ordinated group to allow dialogue between the Issuer and bondholders, in light of recent announcements by the Issuer. Bondholders wishing to participate in this group are requested to contact John Hale at the ABI in the first instance.

The Issuer has had an initial, informal meeting with certain of the bondholders to discuss the current position. The information provided by it at the meeting was in the public domain or of a non-price sensitive nature. Details of the matters discussed at the meeting are to be provided on request. Contact details for this purpose are as follows:

Cattles plc Kingston House Centre 27 Business Park Woodhead Road Birstall Batley West Yorkshire WF17 9TD Fax: +44 (0) 1924 448 324 Attention: M.W.G. Collins

Further to the announcement by the Issuer on 10 March 2009 in which the Issuer gave notice that the Board believes that the Issuer is in breach of covenants under its borrowing arrangements, the Issuer has given notice to the Trustee that a Potential Event of Default has occurred under the Bonds by reason of the cross-default provisions in the Bonds.

---

--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange

 

AND

 

 

 

RNS Number : 0082P Cattles PLC 17 March 2009

Cattles plc

£350,000,000 6.875% bonds due 2014 (the "Bonds"), issued pursuant to a Trust Deed dated 17 December 2003 (as amended from time to time) between Cattles plc (the "Issuer") and HSBC Trustee (C.I.) Limited (the "Trustee")

The Issuer is aware that certain bondholders are seeking to form a co-ordinated group to allow dialogue between the Issuer and bondholders, in light of recent announcements by the Issuer. Bondholders wishing to participate in this group are requested to contact John Hale at the ABI in the first instance.

The Issuer has had an initial, informal meeting with certain of the bondholders to discuss the current position. The information provided by it at the meeting was in the public domain or of a non-price sensitive nature. Details of the matters discussed at the meeting are to be provided on request. Contact details for this purpose are as follows:

Cattles plc Kingston House Centre 27 Business Park Woodhead Road Birstall Batley West Yorkshire WF17 9TD Fax: +44 (0) 1924 448 324 Attention: M.W.G. Collins Further to the announcement by the Issuer on 10 March 2009 in which the Issuer gave notice that the Board believes that the Issuer is in breach of covenants under its borrowing arrangements, the Issuer has given notice to the Trustee that a Potential Event of Default has occurred under the Bonds by reason of the cross-default provisions in the Bonds.

---

--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange

 

Banks want the money back Wooohoo poor Welcome!!

 

 

 

hmmmmm something tells me they haven't got £750,000,000 to spare....BUT if they call one of my understanding representatives we will be able to refinance this loan over a longer period of time with a new accpetnace fee.....oh and some PPI of course, it's a condition of taking the loan. :lol:

[andie_303]

Sh*t i didnt even notice how many fans having a peek!! This is popular. Maybe I should subscribe to this thread

 

yeah me too - do you feel like you missing out too??

 

perhaps if they spoke once in a while they might feel more included

[postggj]

hi people

 

thirteen guests tonight

 

did not know nottingham had that ammount of staff

 

thought they were either in prison or had been given there p45