Funeral Safe Ltd (09706369): administration
- Status
- In administration
- Administration began
- 2026-05-06
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Incorporated
- 2015-07-28
- Location
- London
- Industry
- 64929 Other credit granting n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
In the lead up to the Joint Administrators’ appointment, the Company experienced sustained losses and increasing liquidity pressure. Regulatory and compliance issues were identified in relation to aspects of its consumer credit lending practices and historic customer outcomes. As part of its remediation activity, the Company was required to suspend or cease the accrual of interest on certain balances and to assess, and where appropriate pay, customer redress. These matters affected the income profile of the business and the expected recoverability of the loan book.
As a result, the loan book effectively became over-leveraged relative to the secured funding in place. The
Company remained dependent on continued shareholder support to meet operating costs and maintain stability.
Administrators' statement of proposals (2026-07-10) · Companies House register