# WEB Loans Processing Limited (07275227)

> Why UK company 07275227 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07275227

- **Status:** Administration ended
- **Administration began:** 2013-11-28
- **Formerly:** WEB Loan Processing Limited; Toothfairy Finance Limited
- **Incorporated:** 2010-06-07
- **Location:** London
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure

## From the administrators' statement

Administrators

The company commenced trading in September 2011 as a provider of short term or “payday” loans The loans were offered for sums from £50 up to a maximum of £450, for up to a 42 day period

The company mainly sourced enquiries from lead providers and historically made short term lends under a number of brands, including Toothfairy Finance, Community Payday, Speed Credit, Pay Check Credit and Easy Finance Club Applications for finance could be made online or by text

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07275227/filing-history/MzA5MDU2NDM4NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07275227

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