Morses Club Limited (06793980): administration
- Status
- In administration
- Administration began
- 2023-11-17
- Administrators
- Robert Thomas Spence, Joshua James Dwyer
- Administrators' firm
- Interpath Advisory
- Formerly
- Morses Club PLC; Morses Club Limited
- Incorporated
- 2009-01-16
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Regulatory change or action
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 16 January 2009 and was one of the largest home collect credit providers in the UK, offering small loans from £200 to £1,500 through its ‘Morses Club’ brand and its network of customer service representatives in the UK.
The Company operated from leasehold premises in Nottingham and Sheffield. However, following the COVID-19 pandemic the vast majority of the employee base were remote working. At the date of our appointment, the Company had 295 employees.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2024-01-03) · Companies House register