Fundingsecure Ltd (08120200): administration
- Status
- In administration
- Administration began
- 2019-10-23
- Administrators
- Edward Avery-Gee, Daniel Mark Richardson, Jonathan Elman Avery Gee
- Administrators' firm
- CG&Co
- Formerly
- P2P Pawnbroker Limited
- Incorporated
- 2012-06-26
- Location
- Manchester
- Industry
- 64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Why it went into administration
- Regulatory change or action
- Creditor pressure / legal action
From the administrators' statement
The following background information is based upon information and documentation provided by the Director of the Company and management. The Administrators have not verified the factual accuracy of this information and therefore do not accept any responsibility or liability.
4. The Company was formed under the name of "P2P Pawnbroker Limited” on 26 June 2012 specialising in the short-term financing of loans secured on chattel assets. The founding directors were Richard Luxmore and Norman Akram who grew the business and expanded the operation of the Company to incorporate short term secured lending on property.
2. The Company obtained FCA authorisation (FRN 698305) in March 2017 to conduct “crowd funding” capital raising to facilitate "peer to peer" lending via the dedicated Company Lending Platform by which Investors placed monies with the Company to fund secured loans to third party
Administrators' statement of proposals (2019-11-18) · Companies House register