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Cattles plc is a British consumer finance company based in Batley, West Yorkshire. It was listed on the London Stock Exchange and is a former constituent of the FTSE 250 Index. ==History== The Company was founded by Joseph Cattle in 1927 in Hull.〔(Cattles History )〕 It was first listed on the London Stock Exchange in 1963.〔 In the 1990s it developed the ''Shopacheck'' brand.〔 In 1990 it acquired ''Compass Credit'' and went on to buy ''Welcome Financial Services'' in 1994, ''The Lewis Group'' in 1997 and ''Dial4aloan'' in 2001.〔 In June 2009 in an effort to improve liquidity, Welcome Car Finance, the company's car financing arm was closed.〔(Welcome Car Finance to close. ) Motor Finance, 22 May 2009〕 This followed the announcement made by Cattles in May 2009 that the company was to axe 1000 jobs. The closure meant that 130 jobs were lost.〔 In March 2009 three directors - James Corr (Finance Director), Ian Cummine (Chief Operating Officer) and Adrian Cummings (Compliance and Risk Director) were suspended pending an investigation by Deloitte into accounting irregularities.〔(Crisis at Cattles deepens as three more directors are suspended ) Guardian, 10 March 2009〕 In July 2009, the above 3 directors were dismissed without compensation and the Chairman Norman Broadhurst and CEO David Postings chose to leave the group. In December 2009 the company announced that its losses were such that shareholders could not expect their shares (suspended from trading in April 2009) to have any value. Executive chairman Margaret Young refused to put to an extraordinary general meeting of shareholders a proposal that the non executive directors who constituted the audit committee of the company consider resigning at the end of the year. Shareholders then voted with an 83% majority in favour of a request to ask the financial creditors of the company to sanction the payment of up to £500,000, to cover the costs of a shareholder petitioning to wind up the company.〔Daily Telegraph 〕 PWC (Price Waterhouse Coopers) agreed a request to resign as auditors of the company. Grant Thornton were appointed in their place.〔Cattles plc RNS〕 Paul Felton-Smith, who is experienced in financial restructuring, was appointed as Finance Director in June 2010.〔(Restructuring expert Felton-Smith joins Cattles as FD ), ''Accountancy Age'', 11 June 2010〕 Cattles was acquired by Bovess Limited on 28 February 2011, as part of a High Court sanctioned scheme of arrangement. Cattles was then delisted from the LSE on 7 March 2011. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「cattles」の詳細全文を読む スポンサード リンク
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