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Perfecthome
PerfectHome is a rent-to-own retailer operating across Great Britain. It enables customers to pay weekly for household and electrical goods. History The business was established on 30 October 2006 and stocks furniture, entertainment devices, appliances and technology. Brands sold include Samsung, LG, Panasonic, Hotpoint and Indesit. PerfectHome currently has approximately 250 employees and its head office is based in Birmingham. Customers who buy a product from PerfectHome on a pay weekly basis are entering a hire purchase agreement with the company. The company charges a representative APR of 69.5% APR to 119.9%. In 2011, American lease-to-own company Aaron's Inc bought a minority stake in PerfectHome, valuing the company at £87m. In early 2018 PerfectHome saw interest from a number of potential buyers, and in June 2018 the business was sold to Brixworth Investments (UK) Ltd., an affiliate of Elliott Advisors (UK) Limited. Perfect Home have ceased in accepting new loa ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Indesit Company
Indesit Company (; ) was an Italian company based in Fabriano, Ancona. It was one of the leading European manufacturers and distributors of major domestic appliances (washing machines, dryers, dishwashers, fridges, freezers, cookers, hoods, ovens and hobs). It claims to be the undisputed leader in major markets such as Italy, the UK and Russia. Founded in 1975 and listed on the Milan stock exchange since 1987, the group posted sales of €2.7 billion in 2013. It has eight industrial areas in Italy, Poland, the UK, Russia and Turkey, and 16,000 employees. History The company was founded in 1975 as Merloni Elettrodomestici SpA by Vittorio Merloni as a spin-off from Industrie Merloni. In the 1980s, with other Italian companies having been taken over by foreign appliance manufacturers, Merloni became the premier domestic producer in the industry. From 1981 the company went through a period of crisis, which ended in 1984, when Vittorio Merloni, having concluded his presidency of C ...
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Consumer Electronics Retailers Of The United Kingdom
A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. The term most commonly refers to a person who purchases goods and services for personal use. Consumer rights “Consumers, by definition, include us all," said President John F. Kennedy, offering his definition to the United States Congress on March 15, 1962. This speech became the basis for the creation of World Consumer Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy outlined the integral responsibility to consumers from their respective governments to help exercise consumers' rights, including: *The right to safety: To be protected against the marketing of goods that are hazardous to health or life. *The right to be informed: To be protected against fraudulent, deceitful, or grossly misleading informatio ...
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Companies Based In Birmingham, West Midlands
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Advertising Standards Authority (United Kingdom)
The Advertising Standards Authority (ASA) is the self-regulatory organisation of the advertising industry in the United Kingdom. The ASA is a non-statutory organisation and so cannot interpret or enforce legislation. However, its code of advertising practice broadly reflects legislation in many instances. The ASA is not funded by the British government, but by a levy on the advertising industry. Its role is to "regulate the content of advertisements, sales promotions and direct marketing in the UK" by investigating "complaints made about ads, sales promotions or direct marketing", and deciding whether such advertising complies with its advertising standards codes. These codes stipulate that "before distributing or submitting a marketing communication for publication, marketers must hold documentary evidence to prove all claims, whether direct or implied, that are capable of objective substantiation" and that "no marketing communication should mislead, or be likely to mislead, ...
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Aardman Animations
Aardman Animations Limited (also known as Aardman Studios, simply Aardman or Aardman Animation and stylised as AARDMAN as of 2022) is a British animation studio based in Bristol, England. It is known for films made using stop-motion and clay animation techniques, particularly those featuring its plasticine characters Wallace and Gromit, Shaun the Sheep, and Morph. After some experimental computer-animated short films during the late 1990s, beginning with ''Owzat'' (1997), Aardman entered the computer animation market with ''Flushed Away'' (2006). As of February 2020, it had earned $1.1 billion worldwide, with an average $134.7 million per film. Aardman's films have been consistently very well received, and their stop-motion films are among the highest-grossing produced, with their 2000 debut, ''Chicken Run'', being their top-grossing film, as well as the highest-grossing stop-motion film of all time. History 1972–1996 Aardman was founded in 1972 as a low-budget project by ...
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Wallace And Gromit
''Wallace & Gromit'' is a British stop-motion comedy franchise created by Nick Park of Aardman Animations. The series consists of four short films and one feature-length film, and has spawned numerous spin-offs and TV adaptations. The series centres on Wallace, a good-natured, eccentric, cheese-loving inventor, and Gromit, his loyal and intelligent anthropomorphic beagle. The first short film, '' A Grand Day Out'', was finished and made public in 1989. Wallace was voiced by actors Peter Sallis and Ben Whitehead. Gromit is largely silent and has no dialogue, communicating through facial expressions and body language. Because of their widespread popularity, the characters have been described as positive international cultural icons of both modern British culture and British people in general. BBC News called them "some of the best-known and best-loved stars to come out of the UK".
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Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.Archived here.
Like its predecessor the Financial Services Authority, FSA, the FCA is structured as a company limited by guarantee. The FCA works alongside the Prudential Regulation Authority (United Kingdom), Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements f ...
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Office Of Fair Trading
The Office of Fair Trading (OFT) was a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforced both consumer protection and competition law, acting as the United Kingdom's economic regulator. The OFT's goal was to make markets work well for consumers, ensuring vigorous competition between fair dealing businesses and prohibiting unfair practices such as rogue trading, scams, and cartels. Its role was modified and its powers changed with the Enterprise Act 2002. The Department for Business, Innovation and Skills (BIS) announced reforms to the consumer protection and competition regimes. Under the provisions of the Enterprise and Regulatory Reform Act 2013, the Competition and Markets Authority (CMA) was established on 1 April 2014, combining many of the functions of the OFT and the Competition Commission and superseding both. Regulation for the consumer credit industry passed from the OFT to the new Financial Conduc ...
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Elliott Management Corporation
Elliott Investment Management is an American investment management firm. It is also one of the largest activist funds in the world. It is the management affiliate of American hedge funds Elliott Associates L.P. and Elliott International Limited. The Elliott Corporation was founded by Paul Singer, who is CEO of the management company, based in New York City. As of the first quarter of 2015, Elliott's portfolio is worth over $8 billion. By 2009 "more than one-third of Elliott’s portfolio was concentrated in distressed securities, typically in the debt of bankrupt or near-bankrupt companies." In October 2020 Singer announced that his firm was relocating its headquarters to West Palm Beach, Florida. Overview Singer created Elliott Associates in January 1977, starting with $1.3 million from friends and family and choosing the Elliott brand as it is his middle name. In its earliest years, the firm focused on convertible arbitrage. Since the 1987 stock market crash and early 1 ...
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Hire Purchase
A hire purchase (HP), also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing or rent to own. In other words installment means to let a thing without giving total price while payment will be given in a given time period. The buyer will pay monthly agreement installment. The hire purchase agreement was developed in the United Kingdom in the 19th century to allow customers with a cash shortage to make an expensive purchase they otherwise would have to delay or forgo. For example, in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal t ...
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