“In the last few weeks, the directors of Loanoptions.co.uk ltd have been working on a restructure of the business. This has led to the making of an administration order in the case of the Loanoptions.co.uk.Limited to enable the restructure to be completed. Simon Wilson and Anne O'Keefe, two partners in the international firm of Kroll Limited, restructuring specialists, have been appointed as administrators of the company.
“New investors have been attracted to the business and the directors have been working with them to ensure that the business is a good position to meet the challenging economic conditions in the market. Therefore the business and assets of Loanoptions.co.uk ltd have been transferred by the administrators to Merchant Business Finance Limited with immediate effect.”
Managing director, Andy Moody, said “We have implemented a new structure, which safeguards the future of existing Loanoptions' business, provides continuity of service to our intermediary partners and strengthens the relationship with our product providers. Loan Options now becomes a trading name of Merchant Business Finance Limited, but the net effect will be that our products, service, commissions and pipeline business remain unaffected by the changes. Introducers will see no marked changes.”
