Nottingham payday lender receives takeover bid

A Nottingham payday lender could be sold after reports that it has received an approach from an unnamed buyer.

Dollar Financial UK, which owns the The Money Shop, said the offer would be considered “in the normal manner”.

Dollar has been put up for sale by its owners following a difficult couple of years as the government has clamped down on payday lenders and how much they can loan and at what interest rates.

A spokesperson for the company said: “Dollar is aware of current media speculation regarding [the] sale of the business.

“An approach has been made and will be assessed in the normal manner. In the meantime, such discussions are a commonplace of business, and for the moment remain confidential between the parties involved.”