Thursday 09 Sep 2021 @ 09:05
Financial Conduct Authority
Printable version

Advancis Ltd enters administration

On 7 September 2021, Advancis Ltd (trading as Buddy Loans) was placed into administration. Shane Crooks, Tony Nygate and Kiri Holland of BDO LLP were appointed as Joint Administrators.

Advancis Ltd is a high cost and guarantor lender, which lends money to customers for up to 60 months. The Administrators will update customers as soon as possible.  

All existing loan agreements remain in place and will not be affected by the proposed administration. However, the firm is no longer able to issue new loans. 

If you have any questions in the meantime about your loan, contact Advancis Ltd customer support team on 0161 850 4141 or email at customerservices@buddyloans.com 

We are in close contact with the firm and the Administrators regarding the fair treatment of customers. 

Customers who are struggling financially can get free and impartial guidance from MoneyHelper. 

Channel website: https://www.fca.org.uk/

Original article link: https://www.fca.org.uk/news/news-stories/advancis-ltd-enters-administration

Share this article

Latest News from
Financial Conduct Authority

Individual charged with investment fraud over unauthorised multimillion pound ‘Kube Trading’ scheme

25/04/2024 16:20:00

The Financial Conduct Authority (FCA) has launched criminal proceedings against Lee Steven Maggs of Sittingbourne, Kent, for 2 counts of fraud and 1 count of breaching the Financial Services and Markets Act 2000 (FSMA).

FCA confirms anti-greenwashing guidance and proposes extending sustainability framework

24/04/2024 10:25:00

Ahead of the anti-greenwashing rule coming into force on 31 May, the FCA is supporting industry with guidance to help them meet the standard.

FCA secures £533,000 to return to investors

24/04/2024 09:25:00

The FCA has recovered funds from an unauthorised deposit-taking scheme operated by Bright Managment Solution Limited [sic] and others.

‘Big Tech a priority’ says FCA Chief Executive

23/04/2024 10:25:00

In a speech delivered yesterday, the FCA's Chief Executive Nikhil Rathi announced the regulator's plans to examine how Big Tech firms’ unique access to large sets of data could unlock better products, more competitive prices and wider choice for consumers and businesses.

FCA sets out findings against Link Fund Solutions

12/04/2024 09:25:00

Link Fund Solutions (LFS) failed to act with due skill, care and diligence in its management of the Woodford Equity Income Fund (WEIF), according to findings published by the FCA.

New way of paying for investment research proposed by the financial regulator

10/04/2024 16:05:00

The FCA has put forward plans for a new way to pay for investment research. 

Improving picture for personal finances, but many still struggling

10/04/2024 11:20:00

New research from the Financial Conduct Authority (FCA) has found that while many are struggling to meet financial commitments, the picture has improved over the last year.

FCA secures £1.6m for investors from alleged unlawful investment schemes

04/04/2024 15:25:00

The Financial Conduct Authority (FCA) has secured court approval to obtain £1.6m from Argento Wealth Ltd (AWL) and its sole director Mr Daniel Willis, who promoted 2 alleged unlawful investment schemes. 

Stuart Bayes found guilty of insider dealing

03/04/2024 14:10:00

Mr Stuart Bayes was recently (28 March 2024) found guilty of 2 offences of insider dealing, following an 8-week trial at Southwark Crown Court in a prosecution brought by the Financial Conduct Authority (FCA).

Public Service Insights: Effectively Onboarding New Employees With An Intranet