Morses Club share price, company news, analysis and interviews

Morses Club PLC (LON:MCL), an established provider of non-standard credit services, has provided the following update to investors.  The Company announced that it has agreed with its current funding consortium an extension of the term-out clause from September 2022 to January 2023, with the facility remaining in place until 31st March 2023. The funding consortium has also agreed to continue the temporary deferral of the testing of two covenants linked to profitability for a further period until October 2022. Furthermore, the facility has been reduced to £25m from £35m, which is aligned to the revised funding requirements of the Company.   Morses Club

Morses Club PLC (LON:MCL), an established provider of non-standard credit services, today announced that its full-year results for the 52-week period ending 26 February 2022 will be reported on 25 August 2022. The Directors continue to expect that the results will be in line with guidance given on 20 July 2022. Morses Club is an established provider of non-standard credit services in the UK. The Group consists of Morses Club, the UK’s largest home collected credit (“HCC”) provider, and Shelby Finance Limited, Morses Club’s Digital division, which operates under the online brand of Dot Dot Loans, an online lending provider.  The Group’s

Morses Club PLC (LON:MCL), an established provider of non-standard financial services, has provided the following trading update for the 52-week period to 26th February 2022 (“FY22”). Trading The Group traded strongly during the period and adapted its customer offering in response to positive market demand for lending, along with changing consumer needs, due to the easing of the pandemic. The strategic focus on delivering excellent customer experience supported by technology is embedded throughout the business. Digital In the Digital lending division, customer numbers stood at over 36,500 at the end of the period, an increase of 59% since the end of FY21.

Morses Club PLC (LON:MCL), an established provider of non-standard financial services, has announced the appointment of Sir Nigel Knowles as Chair of the Board with effect from 1 March 2022, subject to FCA approval. Stephen Karle will retire on 28 February 2022 from his position as Chair and Non-Executive Director, after seven years.  Sir Nigel, who has been Morses Club’s Senior Independent Director since May 2016, is CEO of global legal firm DWF Group PLC. The former Global Co-Chairman and Senior Partner of DLA Piper, Sir Nigel is credited with DLA Piper’s remarkable growth, leading the firm through a series of mergers and