Lendy

Important update 

Appointment

Damian Webb and Gordon Thomson of RSM UK Restructuring Advisory LLP are appointed Joint Administrators of Lendy Ltd (“Lendy”) Saving Stream Security Holdings Limited (“Saving Stream”) (together “the Companies”) 

The Companies were placed into Administration on 24 May 2019, by order of the Court following an application by the Director. The Joint Administrators are working closely with the Financial Conduct Authority, who consented to the appointment over the Companies. 

Conflict Administrators 

Chris Laverty and Helen Dale of Grant Thornton UK LLP were appointed as Conflict Administrators in relation to Saving Stream on 26 July 2019. 

Investor Correspondence 

This website is being used to provide investors and creditors with information and is being updated when information becomes available on the Administrations of Lendy and Saving Stream. 

The Joint Administrators have a dedicated email address ([email protected])  for investors and creditors to contact the Administration team. 

However, the Joint Administrators’ six monthly progress reports provide more detail regarding the Administration and are available to download on this website. 

The Lendy Customer Support Team 

Please note, the [email protected] email address should be used for Know Your Customer / Anti-Money Laundering-related queries only. For all other queries please contact the team at [email protected]. 

Money Laundering Checks 

The Lendy team will continue liaising with individuals who currently have not fulfilled the money laundering checks. Please assist the team as this will accelerate the process. 

Regrettably, these final checks are a manual exercise, hence it will take some time to complete these processes. 

To confirm, the email address that investors will receive an email from requesting further documentation from the Verification team is [email protected].  

Change in bank account details 

If your bank account details have changed from the ones registered on your Lendy account, please inform us using the [email protected] email address. 

Please ensure you provide evidence (such as a copy of a recent bank statement) to allow us to update your account details accordingly. 

Withdrawals 

The withdrawal facility is available to investors who have cleared the anti-money laundering checks. 

The remaining team consists of skeleton staff and therefore investors should expect an extended lead time for withdrawal requests to be processed and payments made. 

The affairs, business and assets of the Lendy and Saving Stream are being managed by the Joint Administrators who act as agents and without personal liability. 

Damian Webb and Gordon Thomson are licensed as Insolvency Practitioners in the United Kingdom by the Institute of Chartered Accountants in England and Wales. 

Chris Laverty and Helen Dale are licensed as Insolvency Practitioners in the United Kingdom by the Institute of Chartered Accountants in England and Wales.