# Curo Transatlantic Limited (04179322)

> Why UK company 04179322 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04179322

- **Status:** Administration ended
- **Administration began:** 2019-02-25
- **Administrators:** Edward George Boyle, Howard Smith
- **Administrators' firm:** KPMG
- **Formerly:** Wage DAY Advance Limited; Cash 4 Compensation Ltd
- **Incorporated:** 2001-03-14
- **Location:** Leeds
- **Industry:** 64999 Financial intermediation not elsewhere classified

## Why it went into administration

- Regulatory change or action
- Funding withdrawn / unable to refinance
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 14 March 2001 and was a provider of short term, high cost finance to consumers in the UK. In 2018 the Company generated turnover in excess of £37.5 million. The Company is a 100% owned subsidiary of SRC, an entity incorporated in the UK, which ceased lending to customers in 2017.

The Company was acquired by the Parent, a listed American based business, in February 2013 and has been reliant on funding from the Group.

The Company operated from leasehold premises in Leeds and Nottingham and traded exclusively in the United Kingdom under two brands: WageDayAdvance and Juo Loans. It had 205 employees at the date of our appointment.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04179322/filing-history/MzIzMTg1MjkzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04179322

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