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Welcome Finance - This company needs to be banned.


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The Bond Holders Were Made Up Of Meny Investors

The Main Players Were Rbs And Barclays

 

Now All The Smaller Bond Holders Have Got Together And Said, Stuff You Banks, No Rescue Proposal

We Want Our Money Now

 

They Only Had To Reach 35 % Of The Total Bond Holders To Force Through This Motion

 

This Is Being Led By Our Friends Across The Pond

 

They Dont Like The Way Cattles Have Manipulated The Figures And Have Kept Not Only The Bond Holders But The Share Holders In The Dark Also

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Brassed-off-2

I have already done this about cost of credit, letter got to WF compliance Monday last week. Want to see how they wriggle out of that before clouting them with the fact that our contracts (2002 and 2003)which had no cost of credit also should be a multiple loan agreement ie PPI and cash loan, 2 catagories mixed into one. both should have seperate cost of credit brought out and signed for seperately. Double whammy I think!

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AFTER THIS BOMB SHELL, NOT SURPRISED

 

THE BOND HOLDERS HAVE REACHED THE 35% VOTING RIGHTS ISSUE

 

THEY HAVE OVER TURNED THE BANKS DECISION

 

SEEMS THEY WANT THERE MONEY QUICK

 

I THINK THIS IS NOW THE END OF A SLOW DEATH

 

update 23 07 09

 

PWC comes under scrutiny for Cattles audit - Times Online

 

PWC comes under scrutiny for Cattles audit

 

 

 

PricewaterhouseCoopers (PWC), the UK’s largest accountancy firm, is being investigated by the financial reporting regulator into its oversight of Cattles, the beleaguered sub-prime and doorstep lender.

 

The inquiry by the Accountancy and Actuarial Discipline Board (AADB), part of the Financial Reportingmag-glass_10x10.gif Council, comes after Cattles this month said that it had undertaken a clearout of senior management over a “breakdown” in its internal controls. Six senior directors were fired.

 

Cattles has been in crisis since February, when PWC raised questions over the level of impairment charges that it was taking to cover a surge in problem loans. In April, having issued two profit warnings, Cattles suspended trading in its shares and said that it would no longer be able to publish its report and accounts, due by the end of that month.

 

The AADB said today that it would investigate the preparation, approval and audit by PWC of the financial statements of Cattles and its Welcome Finance business for the year ended December 31, 2007 and interim financial statements for the first half of 2008

 

etc etc

 

How do you find and understand all this stuff Postggj!

 

Be dancing that jig round the kitchen soon methinks :lol:

 

Hows the blood pressure Margaret Young?

Dipply75

 

I am in no way a legal advisor and only speak from my own experiences and the helpful advice of those in the same boat! :p

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FT.com / UK / Business - Regulator probes PwC over Cattles audit

 

 

is the fat lady singing a little louder??

ANYBODY WHO NEEDS INFO ON YOUR LEHMANS MORTGAGE

either SPML/PML/LMC/SPPL; the following are DIRECT tel#s,

of the investigating & prosecuting organisations: DONOT say you are from CAG-only directly affected or a concerned citizen.

 

1. Companies House: Kevin Hughes(Compliance Manager-main) @ 02920 380 633

2. CH : Lee Jenkins(prosecuting Amany Attia(MD) for SPML/PML) @ 02920 380 643

3. CH : Mark Youde(accounts compliance) @ 02920 380 955

 

4. Companies Investigation Branch(CIB) : Charlotte Allan @ 0207 596 6108

(part of the Insolvency Service) investigating all the Lehman lenders

 

5. CIB : Jeremy Pilcher('unofficial'-consumer/company lawyer) : @ 0207 637 6231

__________________

File YOUR 'Companies Investigation Branch'- CIB complaint online NOW!!!!

 

http://www.insolvency.gov.uk/complaintformcib.htm

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James104

 

Can You Post Up A Copy Of Your Letter...minus Personals Or Pm Me Please....

 

Thanks B-o-2

ANYBODY WHO NEEDS INFO ON YOUR LEHMANS MORTGAGE

either SPML/PML/LMC/SPPL; the following are DIRECT tel#s,

of the investigating & prosecuting organisations: DONOT say you are from CAG-only directly affected or a concerned citizen.

 

1. Companies House: Kevin Hughes(Compliance Manager-main) @ 02920 380 633

2. CH : Lee Jenkins(prosecuting Amany Attia(MD) for SPML/PML) @ 02920 380 643

3. CH : Mark Youde(accounts compliance) @ 02920 380 955

 

4. Companies Investigation Branch(CIB) : Charlotte Allan @ 0207 596 6108

(part of the Insolvency Service) investigating all the Lehman lenders

 

5. CIB : Jeremy Pilcher('unofficial'-consumer/company lawyer) : @ 0207 637 6231

__________________

File YOUR 'Companies Investigation Branch'- CIB complaint online NOW!!!!

 

http://www.insolvency.gov.uk/complaintformcib.htm

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Brassed-off-2

Will be pleased for you to read what I wrote (it was for my daughter) as well as the charging interest on fees [problem] (acceptance fee and mortgage redemtion fee) there was other stuff about how they had added sums of money like £200 appearing on the statement at the start of the loan and other things. but going on hols this pm until next Saturday and got a lot to do. Will get into this when I come back cos these 2 contracts she has are real micky mouse and by then I hope WF would have given us a detailed reply. I gave them 7 days to acknowledge that the contract was in dispute and that it should be frozen until resolved. Probably no chance on that one!

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happy days

 

happy days happy days

 

 

Acceleration Notice (Cattles)

 

 

 

 

 

TIDMCTT

 

RNS Number : 2868W

 

Cattles PLC

 

24 July 2009

 

?

 

 

 

24 July 2009

 

 

 

Cattles plc

 

 

 

 

 

Acceleration of amounts payable by Cattles plc to holders (the 'Bondholders') of

 

its GBP400,000,000 7.125% bonds due 2017 (the 'Bonds')

 

Cattles plc (the 'Company') announces that it has received a notice from the

 

trustee in respect of the Bonds (the 'Trustee'), stating that the Trustee has

 

been instructed by a requisite percentage of the Bondholders to accelerate, with

 

immediate effect, all amounts payable by the Company to the Bondholders.

 

The Board is considering its position in light of the notice and the fact that

 

it is has received written expressions of support from representatives of its

 

key financial creditors towards achieving a consensual restructuring.

 

The Company remains in discussions with its key financial creditors with a view

 

to achieving this objective.

 

A further announcement will be made when appropriate.

 

Enquiries:

 

 

 

Margaret Young, Executive Chairman, Cattles plc

 

Paul Marriott, Financial Dynamics

 

 

 

Tel: 020 7269 7252

 

 

 

This information is provided by RNS

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no wonder they would not guarentee sucessful court claims are going to be paid - cos they aint gonna be able to afford them. I have them 2 weeks on wed so as long as mine is sorted I'll be happy.

 

Mr P is gonna get such a ribbing - can you spell P45???

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I strongly suspect that those officers of the company AND possibly their auditors may find themselves the subject of massive damages claims Any such claims would almost certainly include the personal assets of the said officers.......... and it may be it's this possible bonanza that has gone someway in prompting the little bond holders to act now ......... before any assets get 'moved'

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:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D

 

WOOHOOOOOO!!!!!!!!!!!!!!!!

 

Ama gettin ma dancin shoes on!!!!!!!!!!!!!!!!!!

 

What a way to start the weekend eh?

 

GET IT RIGHT UP THEM PMSL

Dipply75

 

I am in no way a legal advisor and only speak from my own experiences and the helpful advice of those in the same boat! :p

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Nah I'm kinda looking forward to it - nothing like it all coming out on PUBLIC RECORD!!

 

Now Andie, you will have to try and refrain from skipping into the court or any manic grinning and be dignified hahaha!

 

Lets have some decorum.......:razz:

Dipply75

 

I am in no way a legal advisor and only speak from my own experiences and the helpful advice of those in the same boat! :p

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pmsl, you deserve to.......go at it!

 

C'mon you welcome fighters, dance, whoop, spin round in your pooter chairs, whatever :p

 

Let there be mass jiggin :lol:

Dipply75

 

I am in no way a legal advisor and only speak from my own experiences and the helpful advice of those in the same boat! :p

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pmsl, you deserve to.......go at it!

 

C'mon you welcome fighters, dance, whoop, spin round in your pooter chairs, whatever :p

 

Let there be mass jiggin :lol:

 

iiiiiimmmmmmmmm a jiggin!!!!:lol::lol:

 

puter chair races all round the room!!:lol::lol:

ANYBODY WHO NEEDS INFO ON YOUR LEHMANS MORTGAGE

either SPML/PML/LMC/SPPL; the following are DIRECT tel#s,

of the investigating & prosecuting organisations: DONOT say you are from CAG-only directly affected or a concerned citizen.

 

1. Companies House: Kevin Hughes(Compliance Manager-main) @ 02920 380 633

2. CH : Lee Jenkins(prosecuting Amany Attia(MD) for SPML/PML) @ 02920 380 643

3. CH : Mark Youde(accounts compliance) @ 02920 380 955

 

4. Companies Investigation Branch(CIB) : Charlotte Allan @ 0207 596 6108

(part of the Insolvency Service) investigating all the Lehman lenders

 

5. CIB : Jeremy Pilcher('unofficial'-consumer/company lawyer) : @ 0207 637 6231

__________________

File YOUR 'Companies Investigation Branch'- CIB complaint online NOW!!!!

 

http://www.insolvency.gov.uk/complaintformcib.htm

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