INTERVIEW: Morses Club plc Expected to grow its business and profits say Hardman & Co

Morses Club Plc (LON:MCL) is the topic of discussion when Mark Thomas Analyst at Hardman and Co talks to DirectorsTalk. Mark explains whats attractive about the market its in, why he thinks regulators won’t intervene and impose caps,  whether its a risky business, growth potential and why so many accounting notes on the company.

Morses Club Plc is the second largest UK Home Collected Credit lender with over 207,000 customers and approximately 1,840 agents across 100 locations throughout the UK. The Company offers a range of loan products to its customers through its extensive agent network. A significant majority of the Company’s borrowers are repeat customers and the Company enjoys consistently high customer satisfaction scores of at least 95 per cent. The Company is using technology to broaden its offering and provide new products to ensure customers can access credit with the flexibility they require. In April 2016 its cashless lending product, the Morses Club Card, was introduced, enabling its customers to buy online as well as on the high street.

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Morses Club
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Hardman & Co

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