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Welcome Finance into Administration?

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  • I have friends who work in our local branch of Welcome Finance (WF). Apparently, all customers will be required to still make their repayments.
    They said that W.F is part of the Cattles Group, which is being restructured, in partnership with the FSCS and ombudsman.

    The loan book of Welcome Finance will be run down, and there looking to sell on a large portion of it.

    However, other Cattles Group businesses, will still be operating, e.g: Shopacheck Financial Services and also they own a chain of Debt collectors.
    Thank you all for helping me make my day by saving money!
  • IainHL
    IainHL Posts: 227 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    ...and also they own a chain of Debt collectors.
    Not any more they don't: http://www.credittoday.co.uk/article/15751/online-news/hoist-acquires-the-lewis-group
  • cathy362012
    cathy362012 Posts: 2 Newbie
    edited 12 March 2015 at 10:26AM
    (Text removed by MSE Forum Team)

    WF17 9TD then according to companies house the company has been dissolved.
    The best way to find out if ANY company is still operating and not in ceased trading is to use the companies house website and you can check their status.
    Best of luck to all
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