How many BrightHouse stores are there in the UK?
240 stores
Caversham Finance Limited, trading as BrightHouse, was the largest rent-to-own company in the United Kingdom, with 240 stores.
Who owned BrightHouse?
Bright House Networks
| Type | Subsidiary |
|---|---|
| Fate | Acquired by Charter Communications and merged with Time Warner Cable to form Charter Spectrum |
| Successor | Charter Spectrum |
| Headquarters | Syracuse, New York , United States |
| Key people | Steve Miron (CEO) Nomi Bergman (President) Bill Futera (EVP and CFO) |
Did BrightHouse go out of business?
Yes, BrightHouse has officially gone into administration, which means all their stores have closed, and they will stop trading indefinitely. Customers won’t be able to make any new purchases from the retailer, in-store or online. Nor will they be able to visit any BrightHouse outlets to make their regular payments.
When did BrightHouse close?
On 20 March 2020, BrightHouse went into administration.
Where is BrightHouse in UK?
BrightHouse is an electronics store in England located on High Street. BrightHouse is situated nearby to Greggs, and close to Sense International.
Who has took over BrightHouse?
The rent-to-own retailer has 240 stores and 2,400 employees, who now face the loss of their jobs. Grant Thornton UK LLP were appointed administrators on 30 March 2020, and includes the part of the business that provides ongoing servicing, warranty and insurance.
Will BrightHouse reopen?
Collapsed retailer BrightHouse has reopened seven branches to help claw back cash from customers with outstanding debt payments.
What’s happened to BrightHouse?
Although Bright House has entered administration, it does not mean a customer should stop paying. The company has simply passed onto administrators (Grant Thornton) who are dealing with the day-to-day running of the company and its assets, which means the customers agreement still exists.
What is BrightHouse called now?
Today, MetLife Insurance Company USA is Brighthouse Life Insurance Company, licensed in 49 states.
Why did BrightHouse gone bust?
Brighthouse had also been accused of charging excessive interest on lending. In April last year, the FCA introduced a cap on interest and fees companies like Brighthouse can charge. As a result of the government’s closure of all non-essential shops, the retailer shut down 240 stores.
Why did BrightHouse fail?
BrightHouse specialised in loans for items such as fridges and sofas, and collapsed in 2020, after suffering a £43.5m pre-tax loss for 2019-2020. It had faced an influx of historic complaints over mis-selling, and failed in its strategic shift towards focusing on cash loan products.
Who owns Brighthouse Financial?
MetLife, Inc.
About Brighthouse Financial Brighthouse Financial is currently an operating segment of MetLife, Inc. (NYSE: MET), and a leading annuity and life insurance provider in the U.S. with approximately 2.8 million insurance policies and annuity contracts in-force.
Are Bright House and MetLife the same?
On March 6, 2017, MetLife separated its U.S. retail business. The separated business launched Brighthouse Financial, Inc. – an independent company that is no longer a part of MetLife.
Has BrightHouse reopened?
BRIGHTHOUSE has reopened seven branches as part of a trial to chase cash from borrowers who can’t repay online. But customers have accused the rent-to-own firm, which collapsed in March, of “bombarding” them with requests for repayments and of repossessing goods during the coronavirus crisis.
What happens if I stop paying BrightHouse?
As BrightHouse has not collapsed and is operating as normal, there is no official policy about what would happen to the goods that you still owe money for. “If you bought goods and haven’t paid them off then you shouldn’t have return them, as long as you maintain the payments,” explained Resolver’s Martyn James.
How stable is Brighthouse Financial?
S&P7 assigned an A+ rating to the insurance subsidiaries of Brighthouse Financial. The rating reflects our strong business profile and competitive position, very strong capitalization, and exceptional liquidity position. Ranked by 2020 admitted assets.
Where is Brighthouse in London?
BrightHouse, North End Road, Fulham, London. A branch of BrightHouse in Bramley, Leeds. Brighthouse was founded by Thorn EMI in April 1994 as Crazy George, and intended to be a sister company to Radio Rentals. Crazy George was rebranded as BrightHouse in 2002.
Who are Brighthouse rentals?
A branch of BrightHouse in Bramley, Leeds. Brighthouse was founded by Thorn EMI in April 1994 as Crazy George, and intended to be a sister company to Radio Rentals.
What does Brighthouse stand for?
For for the American cheerleader, see Krazy George Henderson. Caversham Finance Limited, trading as BrightHouse, was the largest rent-to-own company in the United Kingdom, with 240 stores. It was a national chain that provided home electronics, domestic appliances, household furniture and related products on a hire purchase arrangement.
Is Brighthouse going out of business?
In 2017 Brighthouse submitted a reform plan to its regulator, the Financial Conduct Authority, following criticism of its lending practices, and announced plans to close 28 stores. On 5 February 2019, Brighthouse announced that 30 stores were set to close due to poor trading conditions.