UK- RCapital buys distressed Morses Club

RCapital specialises in the financial and operational restructuring of distressed businesses in the UK, and intends to turnaround Morses Club, whose previous owners went into administration in December 2008.

Worcester-based Morses Club is a home collected credit business that provides short-term loans to customers nationwide. The company, originally a part of G.U.S. Home Shipping, employs 180 people and has a current turnaround of £33m.

The management team will remain unchanged.

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