Laybuy Holdings (UK) Limited – in administration
Laybuy (UK) Limited – in administration
Together (“the Companies)
Samuel Alexander Ballinger, Christopher Jon Bennett and Matthew Boyd Callaghan of FTI Consulting LLP (“FTI”) were appointed as Joint Administrators of Laybuy (UK) Limited and Laybuy Holdings (UK) Limited on 24 June 2024.
The affairs, business and property of the Companies are now being managed by the Joint Administrators, acting as agents of the and without personal liability.
Laybuy services will continue to remain unavailable until further notice. This means:
• You won’t be able to sign up to Laybuy
• You won't be able to make a new purchase with Laybuy
• You can update your payment card details
• You will still be able to make manual repayments
• You will still be able to log into your account on the app
• You will not be able to reopen a closed account
• We will still charge your default payment card when an instalment is due
• Missing payments will still incur late fees
• Payments more than 42 days in arrears may be referred to a debt collection agency
• We will not be able to unsuspend your account
• We are currently assessing the situation with respect to refunds.
There might be temporary interruptions to some systems or we might need to go offline for a short period of time.
We appreciate the administration of the Companies will be frustrating and the Joint Administrators are rapidly assessing the options that may be available.
New Zealand and Australia
Please note that certain New Zealand and Australian based entities were placed into Receivership on 17 June 2024. David Webb and Robert Campbell of Deloitte New Zealand have been appointed Receivers and Managers over Laybuy Group Holdings Limited and Laybuy Holdings Limited. Glen Kanevsky and Jason Tracy of Deloitte Australia have also been appointed over Laybuy Australia Pty Limited.
These appointments are separate from the appointment of administrators of the Companies.
Samuel Alexander Ballinger, Christopher Jon Bennett and Matthew Boyd Callaghan of FTI Consulting LLP (“FTI”) were appointed as joint administrators (the “Joint Administrators”) of the Companies on 24 June 2024. The Joint Administrators are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales, under Section 390A(2)(a) of the Insolvency Act 1986. The affairs, business and property of the Company are being managed by the Joint Administrators, who act as agents of the Company and without personal liability. The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.
FTI Consulting LLP (“FTI”) uses personal information in order to fulfil the legal obligations of its insolvency practitioners under the Insolvency Act and other relevant legislation, and also to fulfil the legitimate interests of keeping creditors and others informed about the insolvency proceedings. You can find more information on how FTI uses your personal information in our Data Privacy statement on our website at: https://www.fticonsulting.com/uk/creditors-portal.