SRC Transatlantic Limited (07225997): administration
- Status
- Administration ended
- Administration began
- 2019-02-25
- Administrators
- Edward George Boyle, Howard Smith
- Administrators' firm
- KPMG
- Incorporated
- 2010-04-16
- Location
- Nottingham
- Industry
- 64929 Other credit granting n.e.c.
From the administrators' statement
The Company was a wholly owned subsidiary of Curo Group Holding Corp, a listed American based business.
It was incorporated on 16 April 2010 and was a provider of short term, high cost finance to consumers from a number of shops throughout the UK under the brand SpeedyCash. However, in mid-2017 the Company ceased making new lending, at which point its remaining shops closed and a collect out of its existing loan book commenced using the staff, systems and resources of its subsidiary, CTL, to achieve this.
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2019-06-26) · Companies House register