Just Cash Flow PLC (08508165): administration
- Status
- In administration
- Administration began
- 2022-12-12
- Administrators
- Paul David Allen, Geoffrey Paul Rowley
- Administrators' firm
- FRP Advisory
- Formerly
- Just Cash Flow Limited
- Incorporated
- 2013-04-29
- Location
- London
- Industry
- 64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Cash flow / liquidity pressure
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company was incorporated and commenced trading on 29 April 2013. JCF traded from four sites across the UK providing loan facilities to small and medium sized enterprises (“SMEs”) on a business-to-business basis.
JCF is part of a wider group that FRP Advisory has been advising since August 2021. JLG Group Plc (the parent company) and a number of other entities in the Group were placed into various insolvency processes in mid to late 2022.
The principal trading company within the Group was JCF. The Group also comprised of seven other active companies, also subsidiaries of JLG. The principal product offered by the business was a revolving credit facility. JCF was the originator of loans, supported by back-to-back funding (including interest) as follows:
Administrators' statement of proposals (2023-02-15) · Companies House register