Advancis Ltd enters administration

On 7 September 2021, Advancis Ltd (trading as Buddy Loans) was placed into administration. Shane Crooks, Tony Nygate and Kiri Holland of BDO LLP were appointed as Joint Administrators.

Advancis Ltd is a high cost and guarantor lender, which lends money to customers for up to 60 months. The Administrators will update customers as soon as possible.  

All existing loan agreements remain in place and will not be affected by the proposed administration. However, the firm is no longer able to issue new loans. 

If you have any questions in the meantime about your loan, contact Advancis Ltd customer support team on 0161 850 4141 or email at [email protected] 

We are in close contact with the firm and the Administrators regarding the fair treatment of customers. 

Customers who are struggling financially can get free and impartial guidance from MoneyHelper