Regional car lender Wye Finance enters administration

Regional car finance provider Wye Finance Co has entered administration, raising questions over the future of its loan book and existing customer agreements.

Lee Manning and Mark Supperstone of S&W Partners LLP were appointed joint administrators to the Hereford-based business, which has traded since 1959 and operated across Herefordshire, Shropshire, Worcestershire and Wales, on 10 February 2026. The company specialised in fixed-rate vehicle finance, home improvement loans and dealer-arranged funding for both employed and self-employed borrowers.

The firm marketed itself as an independent finance provider offering rapid credit approvals and flexible deposit structures, with agreements typically transferring vehicle ownership at the end of the repayment term. It also maintained relationships with approved local dealerships.

The administration places existing borrowers, dealers and counterparties on notice as administrators assess the status of outstanding agreements and secured lending arrangements. While trading status following the appointment has not been disclosed, customers with active finance agreements are expected to continue making payments pending further guidance.