Tag: News stories

May 18
Rainbow Saver Anglia Credit Union Limited enters administration

Rainbow Saver Anglia Credit Union Limited was placed into administration on 18 May 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators.  Rainbow Saver Anglia Credit Union Limited is a financial co-operative owned by its members. It is regulated by […]

May 05
North East Warrington Credit Union enters administration

North East Warrington Credit Union (NEWCU) Limited was placed into administration on 4 May 2022 and has now stopped trading. Mike Dillon and Andrew Poxon of Leonard Curtis Business Rescue and Recovery Limited have been appointed as joint administrators.  North East Warrington Credit Union is a financial co-operative owned by its members. It is regulated […]

May 04
Greenlight Credit Limited (trading as Varooma) enters administration

On 3 May 2022, Greenlight Credit Limited, trading as Varooma, went into administration. Martin Charles Armstrong and Andrew Richard Bailey of Turpin Barker Armstrong were appointed as Joint Administrators.  Greenlight Credit Limited, trading as Varooma, is a high-cost lender which provides customers with logbook loans secured on the customer’s vehicle. With Logbook lending, the lender […]

Apr 27
City of Plymouth Credit Union Limited enters administration

City of Plymouth Credit Union (CPCU) Limited was placed into administration on Wednesday 27 April 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators by the court. City of Plymouth Credit Union is a financial co-operative owned by its members. […]

Apr 22
Vector Wealth Ltd enters administration

On 11 April 2022, the director of Vector Wealth Ltd made an application to the High Court of Justice to seek an order that the Company be placed into administration. On 22 April 2022, James Alexander Snowdon and Michael Colin John Sanders, both of MHA MacIntyre Hudson LLP, were appointed Joint Administrators of Vector Wealth […]

Apr 20
Corrie Bauckham Batts Limited enters liquidation

Home News Corrie Bauckham Batts Limited enters liquidation On 20 April 2022, Corrie Bauckham Batts Limited entered liquidation. John Dean Cullen and Rachel Helen Lai of Menzies LLP were appointed as joint liquidators of Corrie Bauckham Batts Limited.  Corrie Bauckham Batts Limited is an FCA authorised and regulated Lloyd’s wholesale insurance broker. The firm placed […]

Apr 11
Consumer warning on Semantic Business Services Ltd

We have removed permissions from Semantic Business Services Ltd. That means it is no longer permitted to carry out any regulated activities. Semantic had two regulated activities: Secondary credit broking and Agreeing to carry on a regulated activity. Any investments with Semantic may not be protected, and you could lose all your money if you invest with […]

Apr 01
Sberbank CIB (UK) Limited goes into special administration

On 1 April 2022, the Court appointed David Philip Soden, Robert Scott Fishman and Matthew Steven Roe, all of Teneo Financial Advisory Limited, as joint special administrators of Sberbank CIB, following an application by Sberbank CIB’s directors. What does Sberbank CIB do? Sberbank CIB provides trading and execution services to its clients, including providing access […]

Mar 28
PerfectHome enters administration

On 25 March 2022, Temple Finance Limited, trading as PerfectHome, was placed into administration. Rob Harding and David Soden of Teneo Financial Advisory Limited were appointed as joint administrators.   Temple Finance Limited is a Rent-to-Own retailer, which lends to customers to purchase household furniture and goods. Temple Finance Limited also offered cash loans. All […]

Mar 25
Court of Appeal upholds appeal in Our Price Records case

The Court of Appeal today has upheld an appeal brought by Ms Karen Ferreira in a case in which she had been ordered by the High Court, on 6 May 2020, to pay restitution for consumers who suffered losses relating to an illegal financial promotion by Our Price Records. Our Price Records was a start-up […]