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The House Crowd administrator awaits court clarity on distributions
More than £150,000 of uninvested funds have been returned to investors of collapsed peer-to-peer lender The House Crowd in its first year in administration. However, administrator Quantuma has said...
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The House Crowd investors handed three-week deadline for court submissions
A High Court judge has given The House Crowd investors three weeks to provide information relating to the administrator’s court filings for clarity on distributions. In the latest progress report,...
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Transparency Taskforce invites P2P investors to march against FCA failures
The Transparency Taskforce (TTF) has invited investors from collapsed peer-to-peer lending platforms to join a march in London that it is organising to protest the City regulator’s conduct and failure...
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The House Crowd administration set to drag on
Administrators for The House Crowd have admitted that the administration process will not be complete until February 2024 at the earliest, while telling investors that they must wait another six to 12...
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The House Crowd administration extended by another six months
The House Crowd’s (THC) administration process has been extended by six months due to the transfer of the stricken firm’s ISA Manager status. The administrator Quantuma had its application for an...
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P2P administration costs rack up
Administrators are set to pocket more than £8m from defunct peer-to-peer lending platforms, research has found. Analysis by Peer2Peer Finance News has shown the cost of recouping funds and unpicking...
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House Crowd administration extended again
The House Crowd’s administration has been extended once again, with the new end date set for February 2024. According to documents filed on Companies House, administrators at Quantuma have filed to...
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“Unavoidable significant increases” to cost of House Crowd administration
The House Crowd’s administration process faces “unavoidable significant increases” in cost, the administrators have confirmed. In the latest update to investors, Quantuma also confirmed that the...
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Rehan Ahmed appointed to The House Crowd administration
Quantuma managing director Rehan Ahmed has been appointed to work on the administration of collapsed peer-to-peer lending platform The House Crowd. Ahmed is an insolvency practitioner working within...
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The House Crowd moves into liquidation
The House Crowd is moving into creditors’ voluntary liquidation, after an administration process that lasted more than three years. Administrator Quantuma said that it is moving the collapsed...
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