Shelby Finance Ltd – in Administration

Ed Boyle and Rob Spence of Interpath Ltd were appointed as Joint Administrators (“the Joint Administrators”) of Shelby Finance Limited (“Shelby Finance”, or the “Company”) by the Company’s directors on 17 November 2023 (the “Administration”).

Shelby Finance trades under the name Dot Dot Loans and previously provided short-term online loans to consumers. Shortly prior to the appointment of the Joint Administrators, all new lending ceased.

The Joint Administrators advise that on 8 March 2024 they performed the legal assignment of the part of the Shelby Finance outstanding customer loan book to Lantern Debt Recovery Services. The remaining customer loan book has been written off.

***As a result of the legal assignment of the customer loan book, works are now in place to close the Company and we advise the Customer Service Centre is now closed. We are unable to answer any further customer queries and instead advise you to refer both to the below update and our FAQs which can be found***

Update for creditors on the Administration as at 8 March 2024:

  • The Joint Administrators advise that no dividend payments are to be made to unsecured creditors with a claim in the Administration.
  • Following the completion of the legal assignment of the customer loan book, the Shelby Finance operations team has now closed and can no longer support customers with any queries.

Please see below for further details regarding the above key messages:

Customer Loan Book legal assignment process

On 8 March 2024, the Joint Administrators legally transferred part of the Shelby Finance book of outstanding customer loans to Lantern. If your loan(s) has been legally assigned to Lantern, you should have received an email from the Lantern to confirm this on or around 8 March 2024. Lantern is now responsible for the managing of credit files for the loans that they have taken legal assignment of.

The remaining loan book that was not legally assigned to Lantern has been written off in full and no further payments are required to Morses Club against these loans with effect from 7 March 2024. You should have received an email or letter from Shelby Finance advising you of such. Your Credit Reference Agency records will be updated within 56 days to reflect your loan being written off.

For further information, please refer to the Customer FAQs which can be found below.

Dividend payments

The Joint Administrators advise that no dividend is to be paid to unsecured creditors in the Administration.

Statutory notices and reports

Notice of Administrators' appointment 
Notice to creditors of right to become an opted-out creditor 
Notice to creditors of right to revoke decision to opt out 
Employee FAQs for redundant staff 
Redundancy Payment Service fact sheet 
Notice to trade creditors 
Employee FAQs for redundant staff (updated 29 November) 
Joint Administrators' proposals 
Creditor's request for a decision 
Notice of approval of Joint Administrators' proposals 
Customer FAQs 8 March 2024 
U Account FAQs 8 March 2024 
First Progress Report for creditors 

How to submit a claim

If you have amounts due to you from the Company as at the date of appointment, you can register a claim by completing a proof of debt form.

Please send your completed proof of debt form, together with supporting documentation, by email to the case contact or by post to:

Shelby Finance Ltd – in Administration
C/o Interpath Advisory
5th Floor
130 St Vincent Street
Glasgow G2 5HF

Supporting documentation for your claim includes invoices, statements of account, proofs of delivery, contracts or any other relevant information.

Robert Thomas Spence and Edward George Boyle are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales.

We are bound by the Insolvency Code of Ethics.

The Officeholders may be Data Controllers of personal data as defined by the Data Protection Act 2018. Personal data will be kept secure and processed only for matters relating to the appointment. For further information, please see our Privacy Policy.

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