Short Term Finance Limited – liquidation

Short Term Finance Limited, a high-cost lender based in Birmingham, entered creditors voluntary liquidation on 19 January. The firm offered customers home collected cash loans of between £100 and £300, with a maximum repayment term of 16 weeks. It also offered Love2shop gift cards with a maximum 15-week repayment term. All existing loan agreements remain in place, although the firm is no longer able to issue new loans. Michael Solomons and Milan Vuceljic of Moorfields Advisory were appointed Joint Liquidators.