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Oakham enters into administration
Andrew Tate and James Hopkirk of Kreston Reeves have been appointed joint administrators of high-cost lender Oakham as the firm enters into administration.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
According to regulator the Financial Conduct Authority (FCA), all existing loans will remain in place and consumers will still have access to their accounts during the administration, but the business is no longer able to issue new loans.
The FCA says it’s in close contact with the firm and the administrators regarding fair treatment of customers.
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