Amicus Finance enters administration

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  • 04/01/2019
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Amicus Finance enters administration
Amicus Finance plc has been put into administration as the property lending arms close down, following the separation of Amicus Asset Finance from the group, which continues to trade.

 

Last month Specialist Lending Solutions reported that Amicus had been forced to cease its property lending operations after a deal for further investment could not be reached with shareholders.

All staff at the lender were put on consultation for redundancy on 19 December and the administrators were formally called in the next day.

A skeleton staff are expected to manage the outstanding loan books.

The closure affects the Amicus Property Finance and Amicus Commercial Mortgages operations – Amicus Asset Finance was separated from the group before the administration process began.

A message posted on the Amicus Finance website said: “On December 20th 2018, Mark Robert Fry, Jamie Taylor and Kirstie Jane Provan were appointed Joint Administrators of Amicus Finance plc (In Administration).”

Difficult few weeks

 

A further message was also posted on the lender’s Linkedin page which acknowledged it had been a “difficult period for the business”.

It added: “We would like to take the opportunity to thank our staff, customers and friends for their support, hard work and dedication over the past 12 months.

“In what has been a difficult last few weeks, the people of Amicus have remained professional, committed and have pulled together to support each other and look forward.

“They are an amazing group of people. We wish you all a Happy Christmas and our sincere best wishes and good fortune for 2019.”

On New Year’s Eve a final message was posted on the lender’s twitter account:

 

 

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