CURO Transatlantic Limited – in Administration

Howard Smith and Ed Boyle were appointed Joint Administrators of CURO Transatlantic Limited – in Administration (the ‘Company’) on 25 February 2019.

Frequently Asked Questions (FAQs)

CURO Transatlantic Limited (in Administration) - "CTL" - Court number 1418 of 2019

SRC Transatlantic Limited (in Administration) - "SRC" - Court number 1419 of 2019

Together - "the Companies" Joint Administrators - Howard Smith and Ed Boyle

Howard Smith and Ed Boyle were appointed as Joint Administrators of CURO Transatlantic Limited on 25 February 2019. CTL was a provider of short-term, high-cost consumer finance and traded exclusively in the UK under two brands: WageDayAdvance and Juo Loans.

Immediately following their appointment, the Joint Administrators successfully concluded a sale of the business and the majority of the assets of CTL to Shelby Finance Limited, an unconnected purchaser ("Shelby"). As part of this sale, a proportion of CTLs outstanding loan book was purchased by Shelby.

Howard Smith and Ed Boyle were also appointed as Joint Administrators of SRC Transatlantic Limited on 25 February 2019. SRC formerly traded from a small number of high-street stores under the brand Speedy Cash, which stopped lending in 2017. The business and assets of SRC (including its loan book) were not included in the sale to Shelby.

An initial list of FAQs is provided for your information below. No further information is available at this time, whilst the Joint Administrators determine their strategy to deal with the Companies' remaining loan book.

The Joint Administrators will contact customers with outstanding balances owing to the Companies, and customers with potential redress claims, in the coming weeks as soon as they have determined their strategy for the remaining loan book. Outstanding loan balances due to the Companies are being frozen such that no further interest and charges will accrue.

Frequently Asked Questions

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Statutory notices and reports

Frequently Asked Questions 
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Right to elect to become an opted-out creditor 
Right to elect to revoke their decision to become an opted-out creditor 
SIP 16 Memorandum 

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