Tagged: administration

June 20, 2020 @ 3:37 pm By JD Alois  |  

This week, the administrators unraveling the collapse of peer to peer lender Lendy, which failed in 2019, announced an unsettling bit of information regarding suspect payments to two former Lendy Directors: Liam Brooke and Tim Gordon. According to a document posted on the Lendy website,… Read More

March 27, 2020 @ 3:05 pm By JD Alois  |  

Uncle Buck, a short term or payday lender, has gone into administration due to an action taken by the Financial Conduct Authority (FCA). The FCA posted a notice today that Uncle Buck was “failing to meet the adequate resources Threshold Condition.” The severity of the… Read More

September 20, 2019 @ 4:30 pm By JD Alois  |  

The Idle Man, a menswear fashion brand, crowdfunded on Crowdcube back in 2015 raising a respectable £793,000 from over 400 investors. A  couple of years later, The Idle Man returned to Crowdcube seeking £500,000. At that time, in a blog post, CEO Oliver Tezcan touted… Read More

August 30, 2018 @ 1:54 pm By JD Alois  |  

UK online lender Wonga has entered into the process of administration. According to a note provided by the Financial Conduct Authority, Wonga and its affiliates have decided to pursue bankruptcy proceedings and have enlisted the assistance of Grant Thornton whois  in the process of being appointed… Read More

March 5, 2018 @ 3:02 pm By Samantha Hurst  |  

Collateral, a UK-based peer to peer lending platform, has reportedly gone into administration after trading without a proper license. According to various reports, a letter was sent to investors from the company’s administrator, named Gordon Craig, that stated the company was operating in the belief that… Read More