Important Announcement
Published Thursday 25 June 2009
In recent months, our parent company Cattles has taken a series of measures to strengthen the business, reduce costs and preserve liquidity. These measures mainly affect Cattles principal lending operation, Welcome Financial Services. It is not the intention that any staff reductions or redundancies will take place within The Lewis Group (TLG).
At the half-year ended 30 June 2008 TLG’s profits were up 47% on those of 2007 at £5.8m and we expect that the year ending 31 December 2008 will be another very successful one for our business.
Cattles is committed to further investment in the growth of TLG, the various contractual forward-flow purchase commitments will be met and TLG will continue to participate in the debt sale spot purchase market.
The Board of TLG would like to assure you that the high level of service you receive from TLG will in no way be affected or compromised as a result of the measures announced today.
If you would like to discuss any matters or need further explanation please call :-
Dave Berry – Managing Director 0870 751 3502
Dr Roger Lucas – Vice Chairman 0870 751 3501