On 18 September 2023 Naylors Finance Limited – a high-cost lending firm – entered into administration. Ed Boyle and Howard Smith of Interpath Ltd were appointed Joint Administrators.
Naylors Finance Limited is a high-cost lender based in West Yorkshire.
The firm is no longer lending. All existing loan agreements remain in place and the Joint Administrators will provide updates to customers as soon as possible.
If you have any questions regarding your loan, please contact the firm via its website[1] where a representative from the customer team will respond to any queries, or by telephone on 01924 283 939.
The firm’s administration does not change the payment terms and conditions of customers’ loans, which remain the same as when loans were taken out. The firm remains subject to the same regulatory rules and requirements as it did prior to its administration.
Customers should continue to make repayments as normal. Failure to do so could affect customer credit records. The FCA is in regular contact with the firm and the Joint Administrators regarding the fair treatment of customers.
Customers of Naylors Finance Limited who believe they are owed money by the firm will not be covered by the Financial Services Compensation Scheme (FSCS) as consumer credit lenders are not covered by the scheme.
The Joint Administrators will be providing further details about how complaints will be dealt with in due course.
Customers who are struggling financially can get free and impartial guidance from MoneyHelper[2].