Cash converters

With consolidators tightening their purse strings and scaling back their operations, will they be able to meet the pressures of the economic climate head on or should they look elsewhere to invest? Sarah Hills reports

Marching boldly into the insurance world, consolidators seemed destined to continue their push for dominance well into the future. However, their position in the market is now less certain. A drop in the amount of capital available and the threat of recession on the overall economy has placed some consolidator models on uneven ground.

Alex Alway, group chief executive at Jelf Group, believes the industry is reflecting the lack of confidence that exists in the outside business community. "We are