Lendy Ltd (08244913): administration
- Status
- In administration
- Administration began
- 2019-05-24
- Administrators
- Damian Webb, Gordon Thomson
- Administrators' firm
- RSM
- Incorporated
- 2012-10-09
- Location
- London
- Industry
- 64929 Other credit granting n.e.c.
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Sustained trading losses
From the administrators' statement
The following background section is based on information provided by the director of the Company and management. The Joint Administrators have not verified the factual accuracy of the summary and, accordingly, we can accept no responsibility for the same.
Lendy Ltd (“Lendy”) or (the “Company”) was established in October 2012 by Liam Brooke and Tim Gordon (“Directors”), initially as a specialist lender focused on the marine sector, te providing funding secured against boats The business was originally funded by investments made by the shareholders. The trading name of the Company at this time was Lendy Marine This was an activity regulated by
Consumer Credit regulations.
Administrators' statement of proposals (2019-08-07) · Companies House register