Artis Finance Limited (12535605): administration
- Status
- Administration ended
- Administration began
- 2025-03-03
- Administrators' firm
- PwC
- Formerly
- GTC Finance Limited
- Incorporated
- 2020-03-26
- Location
- Leeds
- Industry
- 64205 Activities of financial services holding companies
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 26 March 2020 and was initially known as GTC Finance Limited. It is part of the wider Artis Group, with the ultimate parent being AFGHL (see Appendix A). The Company was renamed Artis Finance Limited in April 2020.
The Company holds a 100% shareholding in LoanCo which was incorporated on 11 June 2020. LoanCo’s primary business is to advance loans to mid-sized corporations (referred to as borrowers) primarily in the South East Asian markets, with funding provided through a combination of Artis Group equity and the issuance of Loan Notes by LoanCo to the Noteholders. The loans advanced to the borrowers by LoanCo are secured against the relevant trade receivables which sit within LoanCo.
Warehouse is an Irish registered entity which has a warehouse financing facility provided by Sound Point and which Warehouse has used funds raised to advance loans via P1 LoanCo II DAC to one single borrower (entirely separate to LoanCo and the Noteholders).
Administrators' statement of proposals (2025-05-01) · Companies House register