Blue Motor Finance Limited enters administration

Дата публикации: 01-01-1970 00:00:00

On 30 July 2026, Blue Motor Finance Limited (BMFL) was placed into administration. Simon Edel, Richard Barker and Alan Michael Hudson of Ernst & Young LLP were appointed as joint administrators.
BMFL (firm reference number 737682) operated as a motor finance lender.The firm had been running at a loss for a number of years and faced significant compensation liabilities it could not meet.Simon Edel, Richard Barker and Alan Michael Hudson have been appointed as joint administrators. They are now responsible for BMFL while it is in administration. They will contact all affected customers.BMFL in administration is no longer lending. However, all outstanding loan agreements remain in place and will continue to be serviced by BMFL in the short term. You should continue to make payments as usual.BMFL remains liable for any compensation it owes, including under the FCA's motor finance compensation scheme (the scheme).We are engaging with BMFL and the joint administrators to ensure the best outcomes for customers who are owed compensation. However, customers are unlikely to receive all the money they’re owed. We know this will be disappointing. Having become aware that BMFL was in financial difficulty, we have worked to make sure that the firm's decisions secured the best outcome for redress consumers. Alternative options would have reduced the likelihood of any redress being paid.Customers who are struggling financially can get free and impartial guidance from MoneyHelper.All customers should remain alert to the possibility of fraud.If customers get an unexpected phone call from someone claiming to be from BMFL, the joint administrators or the FCA, end the call and contact the relevant party directly.Find out more about protecting yourself from scams.If you're looking for an alternative firm to provide a loan, you should only deal with firms authorised by us. If you're unsure whether a firm is authorised, use FCA Firm Checker.

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