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25 Feb 2009
The finance director of sub-prime lender Cattles is to stay on beyond February until a review of the business' impairment provisions is completed by Deloitte.
The lender's FD, James Corr, was due to retire at the end of February, however he will stay until Deloitte completes its review, which began last week.
The board has also suspended lending to new customers in its Welcome Finance division to preserve liquidity.
Robert East, who was due to replace Corr, has seen his appointment deferred until further notice.
Further reading:
Read our interview with FD of Cattles rival Provident Financial
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