0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter

Dear visitor,
You are viewing 1 of your 1 free articles


We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

High-cost short-term lender Cash On Go enters administration

Administrators from Smith & Williamson have been appointed to high-cost short-term lender Cash On Go, which trades as Peachy.co.uk and Uploan.co.uk.

Share on LinkedInShare on TwittereCard

Adam Stephens, Gilbert Lemon and Henry Shinners will act as joint administrators to the firm, which has ceased lending. The firm specialised in loans until the next payday or up to 12 months. It claimed it had around two million customers.

 

In a statement posted on Cash On Go’s website, it said the administrators are working with the company to “facilitate an orderly wind down of the business and start the process of identifying all creditors, in accordance with their statutory obligations”.

 

The FCA said it is in close contact with the firm and the administrator over the fair treatment of customers.

All existing loan agreements remain in place and will not be affected by the administration.

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

PwC saves 1,800 jobs at Travelex

PwC saves 1,800 jobs at Travelex

As high street chains collapse, insolvency figures mask true picture

As high street chains collapse, insolvency figures mask true picture

CAPA appointed on over 90 Oasis/Warehouse stores

CAPA appointed on over 90 Oasis/Warehouse stores

Upcoming events

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group