On 4 May KPMG LLP sold its UK Restructuring business to Interpath Ltd (trading as Interpath Advisory), a newly-formed company which is backed by H.I.G. Europe, the European affiliate of H.I.G. Capital, LLC. The office holders mentioned below have transferred from KPMG to Interpath Advisory and remain in office. Further details of the sale are available on the KPMG website here.

Elevate Credit International Limited (previously traded as Sunny, 1 Month Loan and Quid) – in Administration

***Please note that the Customer Service Centre is now closed. We are unable to answer any further customer queries.***

Update regarding dividend payments and the closure of the Customer Service Centre
01 July 2021

Summary

  • The Joint Administrators declared and paid a dividend of 3.21p in the £ to all known unsecured creditors with an agreed claim in the Administration on 28 May 2021.
  • A small proportion of the payments that we made were unsuccessful and bounced back to us due to out of date customer bank account details.
  • Provided your payment shows as unsuccessful in our records, you may still be able to claim the amount you are owed from the Insolvency Services Account (“ISA”) (see below). We will provide an update of the process to claim funds on this website when this process is open.
  • Our Customer Service Centre is now closed, and we are unable to answer any further customer queries after this time.

Please see below for full details of this update.


Ed Boyle and David Pike were appointed Joint Administrators of Elevate Credit International Limited – in Administration (the ‘Company’) on 29 June 2020.

Dividend payments

On 28 May 2021 the Joint Administrators declared and paid a dividend of 3.21p in the £ to all known unsecured creditors with an agreed claim in the Administration.

This payment was made electronically to more than 40,000 creditors. A small proportion of the payments that we made were unsuccessful and bounced back to us due to out of date bank account details. Please note that we have not received any interest from holding the funds that have returned to us, and that no profit has been made from holding these funds.

Further payment attempt

Since the start of June we have been undertaking a process to match unsuccessful payments to customers, and arranged for a second payment attempt to be made to customers who provided updated bank account details.

We have processed a subsequent payment run to customers who provided updated bank account details.

Will not be making any further payment attempts to those customers who have not successfully received their dividend payments.

Unsuccessful dividend payments

If you do not believe that your dividend payment has been successful, you may still be able to claim the dividend payment, but not from the Administration.

We will shortly send funds that we hold relating to unsuccessful dividend payments to the Insolvency Services Account (‘ISA’). This is a Government controlled bank account, and this process is in line with standard insolvency procedure.

If the dividend payment made to you has not been successful, and this is reflected in our records of unsuccessful payments, you will be able to claim the amount directly from the ISA. We will provide an update of the process to claim funds on this website when this process is open.

Customer Service Centre

At 5pm on 30 June 2021 the Sunny Customer Service Centre permanently closed. We can no longer answer any customer queries by email or otherwise.

Statutory notices and reports

Press release 
Notice of appointment 
Notice to trade creditors 
Creditor’s request to opt out 
Creditor’s request to revoke opt out 
Notice to customer creditors 
Creditor letter for proposals and deemed consent process 
Joint Administrators’ Proposals 
Notice of seeking decision by demeed consent 
Creditor's request for a physical meeting form 
Customer Creditor Letter for proposals and deemed consent process 
Creditor notice of deemed consent of proposals 
Customer proof of debt claim form 
Joint Administrators' fee report 
Notice seeking decision of creditors by correspondence 
Letter to Creditors notifying of an Extension 
Record of a decision by creditors 
1st Progress Report 
Claims Calculator FAQ 
Sunny Customer FAQs 
ECIL Second Progress Report 

Edward George Boyle and David John Pike 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 are 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.