Administration on the horizon for lender
A Leeds-based short-term lender has filed a notice to appoint an administrator.
Novaloans Ltd, which trades as Cash4uNow, posted the notice via professional services firm Gateley.
Novaloans, a family-run business founded in 2011, employed 38 people according to its total exemption full accounts made up to 31 May 2022. Its offices are at Limewood Business Park, in Seacroft.
The firm’s mission statement states: “Our vision is to change the face of alternative lending by providing fair and responsible finance for those who need us.”
As of this afternoon – 24 October – the company’s website could not be accessed.
A move to compulsorily strike off the business from the Companies House register was confirmed in August this year, but discontinued later that month.
