Buy As You View (BAYV) was a retail and consumer finance company, selling a range of electrical goods and home furniture. It provided a coin meter repayment and

credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

facility for products bought on a

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 pl ...

, weekly payment basis with no deposit or

checks.

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 pl ...

contracts are regulated by the Consumer Credit Act 1974.

History

Buy As You View is the trading name for Buy As You View Holdings and Dunraven Finance Limited. Both are subsidiaries of BAYV Investments Limited. Established in South Wales in 1972, initially as "Just Rentals", Buy As You View (since 1998), and still based in

Bridgend Bridgend (; cy, Pen-y-bont ar Ogwr or just , meaning "the end of the bridge on the Ogmore") is a town in Bridgend County Borough in Wales, west of Cardiff and east of Swansea. The town is named after the medieval bridge over the River Og ...

, it operated in the North East, Yorkshire, the Midlands, the

North West The points of the compass are a set of horizontal, radially arrayed compass directions (or azimuths) used in navigation and cartography. A compass rose is primarily composed of four cardinal directions—north, east, south, and west—each sepa ...

and

Scotland Scotland (, ) is a Countries of the United Kingdom, country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a Anglo-Scottish border, border with England to the southeast ...

and employed 700 staff nationally. Repayments were originally made via a coin box in the customer's house, which representatives would call at to empty regularly. Later, repayments would be made online, via direct debit, or in cash. In each case, a payment meter connected to the customer's television set would deactivate the TV should payments be in default — regardless of whether the customer had financed the television with the company. In 2016 Buy as You View compensated 59,000 customers a total of £939,000 for fees charged from 2001 onwards after the Financial Conduct Authority raised concerns about the company's treatment of customers in arrears, in particular the transparency of their fees and the practice of using payment meters to restrict customers' access to TVs. In September 2017 the company was placed into

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative Assistant, traditionally known as a Secretary, or also known as an administrative officer, admini ...

after incurring what administrators EY described as "significant losses". On 3 June 2019 the company ceased to collect any further payments from customers, who were allowed to keep any items they had purchased.

Products

Buy As You View (BAYV) specialised in television,

washing machine A washing machine (laundry machine, clothes washer, washer, or simply wash) is a home appliance used to wash laundry. The term is mostly applied to machines that use water as opposed to dry cleaning (which uses alternative cleaning fluids and ...

, mobile phone, computer (laptop, PC, Wii and PlayStation),

washer Washer most commonly refers to: *Washer (hardware), a thin usually disc-shaped plate with a hole in the middle typically used with a bolt or nut *Washing machine, for cleaning clothes Washer may also refer to: *Dishwasher, a machine for cleani ...

, dryer,

fridge A refrigerator, colloquially fridge, is a commercial and home appliance consisting of a thermally insulated compartment and a heat pump (mechanical, electronic or chemical) that transfers heat from its inside to its external environment so th ...

freezer,

dishwasher A dishwasher is a machine that is used to clean dishware, cookware, and cutlery automatically. Unlike manual dishwashing, which relies heavily on physical scrubbing to remove soiling, the mechanical dishwasher cleans by spraying hot water, ty ...

vacuum cleaner A vacuum cleaner, also known simply as a vacuum or a hoover, is a device that causes suction in order to remove dirt from floors, upholstery, draperies, and other surfaces. It is generally electrically driven. The dirt is collected by either a ...

and

cooker Cooker may refer to several types of cooking appliances and devices used for cooking foods. Cookers * AGA cooker – a heat storage stove and cooker, which works on the principle that a heavy frame made from cast iron components can absorb hea ...

rentals. In addition to renting household electrical items, BAYV also offered a wide range of pay weekly household furniture items, including sofas, beds, pushchairs,

bikes A bicycle, also called a pedal cycle, bike or cycle, is a human-powered or motor-powered assisted, pedal-driven, single-track vehicle, having two wheels attached to a frame, one behind the other. A is called a cyclist, or bicyclist. Bic ...

and dining room furniture. This approach to buy now pay later purchasing enabled Buy As You View customers to pay weekly for their household electrical and furniture items via a coin meter TV (in addition to

Direct Debit A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account., https://www.directdebit.co.uk/direct-debit-explained/what-is-direct-debit/ Formally, the organisation that calls f ...

and cash payments).

Charity, community projects and partnerships

Buy As You View were involved in supporting a number of community initiatives and local charities. These include supporting cancer charities such as the Joshua Foundation and Macmillan Cancer Support. BAYV have also helped local sports teams to purchase equipment such as football kits and

rugby Rugby may refer to: Sport * Rugby football in many forms: ** Rugby league: 13 players per side *** Masters Rugby League *** Mod league *** Rugby league nines *** Rugby league sevens *** Touch (sport) *** Wheelchair rugby league ** Rugby union: 1 ...

kits, as well as giving talks to youngsters in local schools in and around the communities in which they operate. In addition to their recent community initiatives, Buy As You View were known in and around the South Wales area for their long-term sponsorship of the

Cory Band Cory Band is one of the oldest and best known brass bands in the world, formed in 1884 in the Rhondda Valley. History and origins Cory Band is from the Rhondda Valley in Wales. They were formed in 1884 and originally bore the name ‘Ton Temper ...

which began in 1998. In 2004, Cory was removed from the band's name in appreciation of the continued support from Buy As You View and for some time, the band was simply known as the Buy As You View band. BAYV worked in partnership with the Consumer Credit Trade Association and the Credit Services Association to ensure that they kept up to date and complied with credit legislation in the UK and Europe.

References

External links

* {{Official website, http://www.bayv.co.uk Companies of Wales Financial services companies established in 1972 Retail companies established in 1972 1972 establishments in Wales Financial services companies disestablished in 2019 Retail companies disestablished in 2019 2019 disestablishments in Wales Financial services companies of Wales Companies that have entered administration in the United Kingdom