# Blue Motor Finance Limited (02738187)

> Why UK company 02738187 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02738187

- **Status:** In administration
- **Administration began:** 2026-07-30
- **Administrators:** Alan Michael Hudson, Simon J Edel, Richard Barker
- **Administrators' firm:** Ey
- **Formerly:** Park Motor Finance Limited; Park Asset Finance Limited; Packexcess Limited
- **Incorporated:** 1992-08-07
- **Location:** London
- **Industry:** 64999 Financial intermediation not elsewhere classified

## Why it went into administration

- Regulatory change or action
- Rising interest rates
- Competition / price pressure

## From the administrators' statement

The Company is part of the Blue Motor Finance group of companies (the “Group”) and is regulated by the FCA under registration number 737682. The Company had 168 employees as at the date of our appointment, and principally operated from an office in Sevenoaks, Kent.

The Company was originally incorporated in 1992 as Park Asset Finance Limited, but ceased new lending in 2008 with a sale of its historical delinquent loan book to Bluestone Capital Management in 2014. That same year, the Company was acquired by CS Capital Partners IV L.P and re-launched under the ‘Blue Motor’ brand, resuming lending operations and embarking on a period of significant growth.

The Group was focused on providing point-of-sale hire purchase agreements to near-prime consumers, with a network of over 2,500 partner dealers and brokers across the UK. Since its re-launch in 2014, the Group has originated c.358k of loan agreements (with a quantum of over £3.2bn).

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02738187/filing-history/MzU0MTA1MDYxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02738187

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.