Vacation Finance Limited enters administration

Vacation Finance Limited, trading as VFL Finance Solutions, was placed into administration on 20 November 2024. Dina Devalia and Frank Wessely of Quantuma Advisory Limited were appointed as joint administrators.

Vacation Finance Limited provided finance for timeshares. The firm is no longer offering finance to new customers.

The joint administrators will write to customers with live loans explaining how you will be affected. If you have any questions, or believe you have a claim against Vacation Finance Limited, you should contact the joint administrators using the contact details below.

Contacting the joint administrators

Names: Dina Devalia and Francis Florian Amadeus (Frank) Wessely
Phone: 075 9922 5922
Website: https://www.quantuma.com/insights/vacation-finance-limited-administration[1]
Email: [email protected]
Address: 15 Forlease Road, Maidenhead, Berkshire SL6 1RX

I believe I have a claim against the firm. What do I do?

If you have any complaints about the firm and your interaction with the firm, please reach out the joint administrators for further information using the contacts details above.

I’m still paying off my loan to Vacation Finance Limited. Will I be affected?

Please contact the joint administrators directly on the contact details above if you have questions regarding any agreements you have with the firm.

Will the Financial Services Compensation Scheme (FSCS) cover any losses?

No. The FSCS only applies to certain types of activity. This does not include firms providing consumer finance.

I have an existing complaint with the firm. What happens now?

If you have made a complaint against the firm and are owed compensation, you may have to make a claim with the joint administrators.

As the firm has gone into administration, it may not have enough money to pay compensation to customers where it is due.

You should first contact the joint administrators for more details about how complaints or claims will be dealt with.

Is the FCA overseeing the administration?

The firm is still authorised by the FCA and remains subject to our oversight and rules. The joint administrators need to comply with all insolvency law. The individuals appointed are authorised to act as licenced insolvency practitioners by the ICAEW (Institute of Chartered Accountants in England and Wales) and are responsible to the courts. We will work with them as appropriate.

Be alert to scams

All customers should remain alert to the possibility of fraud.

If you get an unexpected call from someone claiming to be from the firm or the joint administrators, please:

end the call
call the joint administrators back using the numbers above

Find out how to protect yourself[2] from the most common types of scams,

First published: 20/11/2024 Last updated: 21/11/2024