Cash on Go Ltd - (in Administration)
Adam Henry Stephens, Henry Anthony Shinners and Gilbert Lemon of Smith & Williamson LLP were appointed Joint Administrators of Cash on Go Ltd (“the Company”) – in Administration on 5 March 2020.
The administration of Cash On Go Limited (in Administration) (trading as peachy.co.uk/uploan.co.uk) (“the Company”) drew to a close on 3 March 2022 and the Joint Administrators are no longer in office.
If you previously had a loan with the Company, it has now been written off or sold.
If your loan has been written off you do not need to take any further action.
If your loan is showing on your credit report, it is likely that the loan was sold. In most cases, the Company has assigned all its rights, title, interest and benefits in and to sold accounts to Perch Capital Limited and they have appointed Asset Collections and Investigations Limited (“ACI”) to manage sold accounts on their behalf. Going forward please direct all future contact, queries, dealings, and payments in respect of the outstanding balance of sold loans to ACI by writing to firstname.lastname@example.org or call them on 01253 531517. For more information about ACI, please visit their website www.assetcollections.co.uk.
The former Joint Administrators are no longer able to make changes to credit reports. If you believe any information on your credit file is incorrect, please submit a dispute through TransUnion (TU) directly. This can be done on the following website: https://www.transunion.com/credit-disputes/dispute-your-credit.
Unaffordable Loan Complaints
All loans that the Company issued were assessed using the redress methodology devised by the Administrators and based on that, those customers who were considered eligible for redress were contacted regarding this. If you were not contacted by the Joint Administrators, your loan was not considered to be unaffordable. Redress payments have now been paid to eligible customers and there are no further funds available for distribution. A very small number of payments were rejected by customers’ banks and therefore funds totalling £6,769.19 will be remitted to the Insolvency Service. This can only be done six months following the declared distribution and therefore the funds will be consigned shortly after the end of the administration, in April 2022. If you were contacted regarding a redress payment but did not receive the payment, please provide further details by email to email@example.com. To arrange payment, you will also need to contact the Insolvency Service on 0300 678 0015 after the funds have been consigned.
UPDATE 03/03/2022: The following document is now available to download:
UPDATE 29/09/2021: The following document is now available to download:
A link to our report on the progress of the administration for the six months to 4 September 2021 is below. Insolvency legislation dictates the level of information which we must provide to creditors and the report is therefore necessarily detailed.
UPDATE 06/07/2021: Notice of Intended Dividend
This is to notify creditors that the Joint Administrators propose to make a first and final distribution to the unsecured creditors of the Company pursuant to Rule 14.29 of the Insolvency (England and Wales) Rules 2016.
If you have not yet submitted your claim in this matter, please complete a Proof of Debt form, and return it with any relevant supporting documents by post to Cash on Go Limited – In Administration, c/o Smith & Williamson LLP, 25 Moorgate, London, EC2R 6AY or by email to firstname.lastname@example.org by no later than 29 July 2021 (the last date for proving).
For the avoidance of doubt, no further details or submissions are required for any claims made under the recent redress exercise.
UPDATE 30/03/2021: The following document is now available to download:
A link to our report on the progress of the administrations for the six months to 4 March 2021 is below. Insolvency legislation dictates the level of information which we must provide to creditors and the report is therefore necessarily detailed.
UPDATE 08/02/2021: Extension to the period of Administration
This is to notify creditors that the secured creditor, Avole Holding AS, has consented to the extension of the period of administration for 12 months, until 4 March 2022, pursuant to Paragraph 76(2)(b) of Schedule B1 to the Insolvency Act 1986.
Link to the Notice of Extension of the Period of Administration is available below
UPDATE 12/11/2020: Important notice to creditors about redress
UPDATE 02/10/2020: The following document is now available to download:
A link to our report on the progress of the administrations for the six months to 4 September 2020 is below. Insolvency legislation dictates the level of information which we must provide to creditors and the report is therefore necessarily detailed.
UPDATE 24/04/2020: The following document is now available to download:
Cash On Go Ltd traded as peachy.co.uk and uploan.co.uk in the UK and provided lending services to the UK consumer market.
This website will be used to provide customers and creditors with information and will be updated when new information becomes available.
Following the appointment of the Administrators:
- There will be no new lending activity; and
- All outstanding loans remain subject to the terms agreed with the Company and borrowers should continue to make payments in the usual way according to the agreed terms and conditions.
More information can be found here via the FAQs, which will be regularly updated.
The Administrators are working with the Company to facilitate an orderly wind down of the business and start the process of identifying all creditors, in accordance with their statutory obligations.
The Company remains regulated by the Financial Conduct Authority (“FCA”) and the Administrators continue to interact with them as appropriate.
To read the FCA's announcement on this matter, click the following link: https://www.fca.org.uk/news/statements/cash-go-enters-administration
If you receive any requests to make payment to any other bank accounts, please inform the Customer Support team immediately on 0800 0124 743 for peachy.co.uk and 0800 0239 209 for uploan.co.uk. Please remember, never give personal information or account details to anyone who contacts you unexpectedly. Neither the Administrators nor the Company will ever ask for your bank details.
Customers should continue to liaise with the relevant Customer Support Team throughout this time, using the contact details listed above. However, should affected parties wish to contact the Administrators directly, please do so via the dedicated email address, being email@example.com.