Cattles' FD stays on until Deloitte finishes review
FD delays retirement until Deloitte completes impairment review
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
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.