Fast Finance Ltd (10693477): administration
- Status
- In administration
- Administration began
- 2025-10-21
- Administrators
- Geoffrey Wayne Bouchier, Ben David Woodthorpe
- Administrators' firm
- Kroll
- Formerly
- CF1 Finance Ltd; Cubefunder (No 1) Ltd; Cubefunder Ltd
- Incorporated
- 2017-03-28
- Location
- London
- Industry
- 64929 Other credit granting n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The circumstances that ultimately led to our appointment over the Company originated from the administration of Philips Trust Corporation Limited (“PTC”). Geoffrey Bouchier and James Saunders of Kroll Advisory Ltd were appointed administrators of PTC on 22 April 2022. During PTC’s administration, demands were issued to CXW and Float Capital Ltd (“Float”), for repayment of sums
advanced under its funding structure with PTC. In early 2024 it became increasingly clear to the administrators of PTC that CKW and Float were cash flow insolvent.
Consequently, on 16 May 2024, Mark Supperstone and Ben Woodthorpe of S&W, 45 Gresham Street, London EC2V 3BG, were appointed as joint administrators of both CXW and Float by the respective directors of each company. Following the exit from administration by way of a CVL, on 23 August 2024, Geoffrey Bouchier of Kroll Advisory Ltd, 3 London Bridge Street, London SE1 9SG, and Ben Woodthorpe were appointed as joint liquidators of each comapny.
Administrators' statement of proposals (2025-12-18) · Companies House register