Morses Club is a cash generative, UK consumer finance business. Our current business is the result of the successful combination in 2015 of two established brands in the Home Collected Credit (“HCC”) market, Morses Club and Shopacheck Financial Services. We have circa 229,000 customers, spread throughout mainland UK and Northern Ireland, and the second largest market share in the UK HCC market. We operate under an established brand, enjoy a loyal customer base and are building a market-leading UK non-standard consumer finance business. Our business model is based on a face to face loan issue and collection process via agents that usually live and operate in the same communities as our customers. The Board believes that the model is simple and easy for customers to understand with no additional charges for arrangement or late payments. We source applications via telephone, through the internet and via referrals using a personal agent face to face service. The customer base has grown historically through the use of existing customer referrals, leaflet delivery and customer mailings. The profile of our customer base, the nature of weekly collections, and the fact that no charges are levied for arrangement or non-payment are an intrinsic part of the Home Collected Credit service that is favoured by our customers, enabling them to vary their budgets effectively. Close management of the service by agents and managers ensures that customers are supported through any short term difficulties they may experience as part of our approach to forbearance.

Stock ExchangeLSE
IndustryFinancial Services
CountryUnited Kingdom
World RegionEurope
CEOMr. Paul Mark Smith
Registered Year2009

  2017 2016 2015
  € m € m € m
Total interest income
Total Interest Expenses
Net Interest income
Total Net Revenue
Earnings per share      
Basic 0.07 0.06 0.46
Diluted 0.07 0.06 0.46
Total current assets 67,232 62,140 90,348.57
Other assets
Total assets 77,887 73,700 1,01,969.34
Total current liabilities 5,892 7,452 3,273.76
Total liabilities 16,509 18,331 5,887.54
Total Equity 61,378 55,369 96,081.80
Net income      
Net cash provided by operating activities 10 15 5
Net cash used for investment activities 7 11 4
Net cash provided by financing activities 3 9 2
Currency in EUR, All numbers in million.      

26 Apr 2018 -Preliminary Results
22 Mar 2018 -Response to recent reporting on the Home Collected Credit (“HCC”) sector
01 Mar 2018 -Trading update and notice of preliminary results