Morses Club – Interim FY’20 results: steady core, deal upside

Morses Club plc (LON: MCL) are the topic of conversation when Hardman & Co Analyst Mark Thomas joins DirectorsTalk. Mark explains what was learnt from the recent results, details on the historical core business, new business, what is different about MCL’s approach and whether there is any read across from the administration of QuickQuid.

Morses Club is an established non-standard financial services provider, consisting of Morses Club, the UK’s second largest home collected credit (“HCC”) provider, and Shelby Finance, which operates online lending through its Dot Dot brand and U Holdings Limited, which provides online current accounts.

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Morses Club – Interim FY’20 results: steady core, deal upside

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