The Cash Store Limited (06773354): administration
- Status
- Administration ended
- Administration began
- 2014-08-01
- Administrators' firm
- FTI Consulting
- Incorporated
- 2008-12-15
- Location
- London
- Industry
- 64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- Regulatory change or action
- Shift to online / high-street decline
- Property / lease costs
From the administrators' statement
34. Fulldetails of the background to our appointment as administrators are included in the SIP16 Letter included at Appendix G A brief summary is provided below
32 The Company was an FCA regulated UK provider of short term loans focussing on smal! loans The Company operated out of 25 high street stores spread across the North and North West of England, and 2 stores in Scotland
33 The Company’s ultimate parent company is CSFS, which ts incorporated in Canada Since the UK business’ incorporation in 2008, CSFS has provided financial and operational support to the UK The estimated funding provided to the UK business since 2008, either directly or indirectly through other group companies, Is approximately £15m
Administrators' statement of proposals (2014-09-05) · Companies House register