Naylors Finance Limited (01381758): administration
- Status
- Administration ended
- Administration began
- 2023-09-18
- Administrators
- Edward George Boyle, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- J. & R. Naylors of Wakefield Limited
- Incorporated
- 1978-08-02
- Location
- London
- Industry
- 64929 Other credit granting n.e.c.
Why it went into administration
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 2 August 1978 and is a provider of high cost short-term consumer loans.
The Company had experienced significant financial issues due to its change in late 2022 from providing home collect credit to high cost short term consumer loans, as well as the impact of an increasing volume of redress claims relating to its home collect credit business.
At the date of our appointment, the Company had 13 employees and traded from premises at 97 Bridge Road in Wakefield. The office is owned by its parent company, J) & R Naylors Holdings Limited.
Administrators' statement of proposals (2023-11-06) · Companies House register