SRC Transatlantic Limited – in Administration

SRC Transatlantic Limited (in Administration) - "SRC"
Court number 1419 of 2019
Joint Administrators - Howard Smith and Ed Boyle

Howard Smith and Ed Boyle were 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, and stopped lending in 2017.

A sale of part of SRC's customer loan book has now been concluded with Lantern Debt Recovery Services Limited ("Lantern").

The Joint Administrators have contacted customers whose loans have been sold by email or letter, and customers will have also been contacted separately by Lantern who are administering these loans from now on.

A deadline for submission of claims in the Administration against SRC has been set as follows:

Claims Submission Deadline: 23:59 hours on 31 July 2019

If you do not submit a claim before this deadline, your claim is unlikely to be considered by the Joint Administrators and you will be unable to receive a payment in the Administration.

Customer FAQs can be accessed through the link below (within 'Statutory notices and reports'). These FAQs have been prepared to provide guidance across a number of typical queries, including repaying a loan, credit history updates, entitlement to redress, and submitting a claim in the Administration.

A selection of FAQs that you may find helpful, which are also included in the full list, are:

  • Q: How can I submit a claim in the Administration?
  • Q: How do I know how much redress that I may be entitled to?
  • Q: Will my credit history be affected if I have been unable to make my regular payments against my loan, following the administration?
  • Q: I have sent an email to the customer service centre and haven't received a response yet. Will you deal with my query?

Specific mailboxes have been set up if you have any of the following queries:

Alternatively, specific mailboxes have been set up if you have any of the following queries:

Alternatively, the customer service centre can be contacted by calling 0330 094 5695 or emailing customerservice.src@kpmg.co.uk.

Please note, the customer service centre is currently receiving a high volume of enquiries. Please therefore review the Customer FAQs available on this website to see if your query can be dealt with before contacting the customer service centre.

Statutory notices and reports

Frequently Asked Questions 
Press release 
Notice to creditors of right to elect to become an opted-out creditor 
Notice to creditors - revoke decision to be opted-out creditor 
Notice of Appointment to creditors 
Notice of Joint Administrators Proposals 
Joint Administrators’ Proposals 
Creditors request for a physical meeting 
Notice of seeking decision by correspondence 
Proof of debt form for use by non-redress creditors 
Claim form for use by redress creditors 
Notice of approval of Administrators' proposals 
Notice of extension of Administrators' term of office 
Notice of proposed distribution 

Howard Smith and Edward George Boyle are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales.

We are bound by the Insolvency Code of Ethics.

The Officeholders are Data Controllers of personal data as defined by the Data Protection Act 2018. Personal data will be kept secure and processed only for matters relating to the appointment. For further information, please see our Privacy Policy.


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Customer Service Centre:

Tel +0330 094 5695



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