A Manchester loan provider owed more than £24m when it entered administration with the loss of almost 140 jobs.
Auden Group collapsed in March having been loss-making since it was set up in 2013. The business had provided short term (3-12 month) loans of between £200 and £1,000 to customers.
It was regulated by the Financial Conduct Authority (FDA) and had a £2.7m loan book supporting 4,200 customers. Prior to entering administration it had grown to employ 138 people.
