Click on the dates to follow Accountancy Age‘s coverage of Cattles’
24 February 2009
Sub-prime lender Cattles warns shareholders that its profit before tax will
be `substantially lower than current market expectations.’ The announcement
sends it’s share price plummeting.
Cattles’ finance director, James Corr, says he will stay on beyond his
February retirement date until a review of the business’ impairment provisions
Cattles suspends three directors, including the FD of the division under
Another three executives are suspended, including group finance director
James Corr. Corr’s replacement has his appointment deferred until further
Cattles says it will set aside an additional £850m to cover customers
defaulting on debts. The company believes a ‘breakdown in internal controls’ at
its Welcome Financial Services arm led to under-provisioning for bad debtors.
Trading in Cattles’ shares are suspended after it admits its annual report
would not be ready on time, as it awaits the conclusion of the Deloitte review.
Cattles fires group FD James Corr and the FD of its principal lending arm
Welcome, along with four other executives.
The Accountancy and Actuarial Discipline Board announces an investigation
into Cattles’ external auditor PricewaterhouseCoopers.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Investment in people, tech and businesses impacts on EY's profit per partner figure