Shelby Finance Ltd (08117620): administration
- Status
- Administration ended
- Administration began
- 2023-11-17
- Administrators
- Edward George Boyle, Robert Thomas Spence
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2012-06-25
- Location
- London
- Industry
- 64205 Activities of financial services holding companies
Why it went into administration
- Funding withdrawn / unable to refinance
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 25 June 2012 and was a provider of online loan products, offering small loans from £100 to £1,000 with repayment terms between 3 and 12 months and longer-term loans offering £1,500 to £4,000 between 18 and 48 months. The Company is 100% owned by Morses.
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 91 employees.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2024-01-03) · Companies House register