Tag: Christmas savings

Flexecash helps to transform Park Group

Flexecash helps to transform Park Group

Park Group has successfully transformed from a Christmas hamper business to a shopping voucher and prepaid cash card business. Growth of its popular Flexecash reward scheme helped the company increase profits by 23 per cent to £8.6 million in the year to the end of March 2012. Flexecash cards are used by companies to reward [...]

June 13, 2012 | 0 Comments More
Farepak’s collapse costs £8.2m in fees

Farepak’s collapse costs £8.2m in fees

Fees for dealing with the administration and liquidation of Farepak, which ran a Christmas savings club, have now totalled £8.2m, far more that the £5.53 million of compensation promised to customers. Farepak collapsed in 2006, when nearly 120,000 Christmas club members lost an average of £400 each. Just 6,000 customers, who made cash deposits immediately [...]

November 28, 2011 | 0 Comments More
Consumers shunning credit this Christmas

Consumers shunning credit this Christmas

Despite stores offering tempting cut-price deals, shoppers are in a cautious mood in the run up to Christmas according to a high street banking report. Although retail sales were up in October, there was little demand for loans and overdrafts according the British Bankers’ Association (BBA), and while consumers spent a total of £7.2 billion [...]

November 23, 2011 | 0 Comments More