Bringing together the expertise of our FS-focussed senior colleagues, our FS team has unrivalled experience working with regulated firms and is headed by Managing Director Dina Devalia, an FS sector specialist who works exclusively with regulated businesses.
Please see below for a selection of recent case studies and articles.
Quantuma appointed Administrators of Waltham Forest Council Employees Credit Union
Quantuma appointed Administrators of Basildon Credit Union Limited
Lifting the crypto veil
What can go wrong with DAO investments, and how should investigators respond?
Tracing and recovering misappropriated digital assets
Vacation Finance Limited enters Administration
Integrating ‘Generative AI’ into our eDiscovery service
Getting ahead of the curve on CASS 15
FCA reminds Financial Services firms of the importance of preparing a wind-down plan
Dangers of complacency: Are your Client Asset Sourcebook (CASS) controls really as watertight as they should be?
Quantuma appointed administrators of P2P lender ABLRate
Prepared for the worst: How to turn wind-down planning into a source of strength
Leaman Crellin podcast discussing wind-down plans with Dina Devalia
Quantuma’s Asia Pacific lead, Luke Furler, appointed liquidator of the Singapore entities of global crypto group, Atom Asset Exchange (AAX)
Quantuma appointed Administrators of Hastings & Rother Credit Union Limited t/a 1066 Community Bank
Quantuma joint administrators secure the future of Wiltshire SIPP provider
Emergent Fidelity Technologies Ltd provisional liquidators file for chapter 11 recognition in Delaware
Funeral Plan Provider enters Administration after failing to obtain FCA authorisation
Voluntary judicial management of P2P lending company
Quantuma appointed Administrators of Birmingham Inner Circle Community Credit Union Limited
Administrators appointed at Strathkelvin Credit Union
Case studies
Hastings and Rother Credit Union Limited
- Credit Union facing regulatory and solvency issues
- Dual regulated deposit-taking institution
- We were appointed as administrators to oversee an orderly wind-down
- Working with FSCS to ensure all member funds were returned promptly whilst minimising unnecessary hardship for vulnerable members
Large Financial Services FS Firm (c.£20m net assets)
- Appraised operations to identify the key triggers, intra-group dependencies and
to assess liquidity - Formulated an appropriate Wind-Down Plan (WDP) with cashflow forecast to support an orderly exit
- Stress tested the WDP to reflect alternate scenarios in a wind-down situation
- Our delivered WDP was approved and adopted by the Board
ABL Rate
- FCA regulated Peer to Peer lender with c.2,500 live investors
- We were appointed as administrators to affect realisation of the assets and an orderly wind-down of the loan portfolio
- Dealt with outstanding loan books and repatriation of client monies
- Protected the interests of creditors and investors
Birmingham Inner Circle Community Credit Union Limited
- A deposit-taking institution facing regulatory and solvency issues
- We were appointed as administrators, and we maintained a presence at the credit union offices to facilitate vulnerable member assistance and queries
- All members shares were paid out by the FSCS to c.3,000 members
- We dealt with the orderly transfer of vulnerable members to alternate financial institutions
Gaudi Regulated Services Limited
- Development of a wind-down plan and accelerated sale
- FCA regulated SIPP investments business with c.13,500 customers
- We were appointed as administrators of the business, and shortly after completed a sale to a complementary FCA-regulated business
- All staff jobs were saved via transfer to the new business under TUPE
The Car Finance Company (2017) Ltd
- We provided advice on a wind-down plan and solvent liquidation
- One of the largest providers of car finance in the UK with c.40,000 customers
- Specialised in lending to individuals with a poor credit history
- We implemented a wind-down plan which culminated in the remaining loan book being sold to a third party
- Appointed liquidators in a solvent winding up
Advising a PLC Bank on its Wind-Down Plan
- We project managed and advised the board of a PLC bank on its Wind Down Plan (WDP) which had a material exposure to wider FS markets totalling c.£50m
- Dual regulated by the PRA and FCA
- We advised on ongoing operational and regulatory issues alongside monitoring and assessment of the cash flow position regarding its wind-down of key operations/processes
- Achieved an orderly wind-down outside of formal insolvency procedures; this included unwinding the bank’s CFD (Contracts for Differences) portfolio
The House Crowd
- FCA regulated Peer to Peer lender - provided development funding and bridging finance in excess of £46m
- Entered Voluntary Requirement Process with the FCA
- VREQ restricted its ability to carry on trading as normal
- We prepared the wind-down plan and worked with the board to achieve a lifting of the VREQ
- We were appointed as Administrators of the lender and its subsidiaries, as restrictions impacted upon viability
- Anticipated realisations of circa £35m in respect of development funding and c.£7.2m of a bridging loan portfolio
Senior specialists to support you
Our multi-disciplinary team of senior specialists blends a strong background in financial advisory, restructuring, special situations and regulatory expertise to deliver actionable results. We complement this with unrivalled experience in working with the key regulatory stakeholders in respect of regulated businesses.
Here to help
If you would like to know more about how we can help you, please get in touch.
Dina Devalia
Managing Director
T: +44 (0)20 3872 8342
M: +44 (0)7557 419 361
E: dina.devalia@quantuma.com
Brian Burke
Managing Director
T: +44 (0)20 3856 6720
M: +44 (0)7464 545 265
E: brian.burke@quantuma.com
