On 30 July 2026, Simon Edel, Alan Hudson and Richard Barker of Ernst & Young LLP were appointed as Joint Administrators of the Company. The appointment was made by the Company’s directors in accordance with paragraph 22(2) of Schedule B1 to the Insolvency Act 1986. As Insolvency Practitioners they are bound by the Insolvency Code of Ethics when carrying out all professional work relating to the appointment.

Shortly following the appointment of the Joint Administrators, a sale of the business and the majority of the Company’s assets was completed to Hodge MF Limited (“the Purchaser”).

As a result of the pre-pack sale, the business is continuing to trade as Blue Motor Finance, operating under new ownership. The sale includes the TUPE transfer of all 168 employees to the Purchaser. Completion of this transaction allows the origination and servicing platform to continue under new ownership. 

Existing borrowers

Existing borrowers do not need to take any action.

Your contract remains with the Company, however, as a part of the sale, the day-to-day operations of the business have been transferred to Hodge MF Limited, who will now be responsible for servicing your loan on behalf of the Company.

Any existing direct debits or payment arrangements should continue as normal, and payments should continue to be made to the same bank account as before.

If you have any questions about your loan or your agreement, please refer to the enclosed FAQs. If your question remains unanswered, please continue to use the same customer contact telephone number (020 3005 9330), email customerservices@bluemotorfinance.co.uk or postal address as previously. These remain unchanged.

Introducers/ Dealers

As a result of this sale, the business is continuing to trade and operate under new ownership, trading as Blue Motor Finance. The transaction comprised the sale of the Company’s entire origination and servicing platform including employees.

For clarity, any new loans and any new loan originations will now be provided by Hodge MF Limited via the usual routes and contacts. Following the appointment of the Joint Administrators, the Company, Old Co or the Joint Administrators, will not be providing or originating any new loans and the Joint Administrators will not be involved in any matters relating to future/ongoing business operations.

Please continue to work in the usual way with your usual company contacts. Should you have any questions, please do not hesitate to contact your usual point of contact at Blue Motor Finance.

The FCA’s Motor Finance Consumer Redress Scheme (PS26/3)

On 7 October 2025, the FCA published its consultation on its proposed Motor Finance Consumer Redress Scheme (the “Consultation”), aimed at delivering an industry-wide redress scheme for historical motor finance commission arrangements (the “Redress Liability”) to compensate customers treated unfairly due to undisclosed discretionary commission arrangement (DCAs) on car finance agreements and also in respect of high commission arrangements and contractual ties. The Consultation closed on 12 December 2025 and on 30 March 2026, the FCA announced a redress scheme covering two specific time periods (the “Scheme”). For further information in relation to the Scheme please view the Policy Statement PS26/3 available on the FCA website https://www.fca.org.uk/publication/policy/ps26-3.pdf.

It is noted that there are four participants in the motor finance sector seeking to challenge the Scheme on various legal grounds (Consumer Voice Limited (represented by Courmacs Legal Ltd), Volkswagen Financial Services (UK) Limited, Mercedes-Benz Financial Services UK Limited and Credit Agricole Auto Finance). The Upper Tribunal has confirmed it will hear the legal challenges to the Scheme on 14 to 18 December 2026 or 16 to 26 February 2027, and judgment will likely only be given some time after this. The outcome of such a challenge will therefore not be known for some time and therefore it remains uncertain to what extent (if any) such a challenge will impact the Scheme. However, in the interim period, the Tribunal has suspended parts of the Scheme. Critically, this includes the requirement to calculate and pay any redress compensation under the Scheme timetable until the outcome of the legal challenges have been determined by the Tribunal. Further information can be found at https://www.fca.org.uk/news/statements/motor-finance-scheme-partially-suspended.

If you believe you are entitled to claim in respect of the Scheme, please note that no further action is required from you at this point.

The Joint Administrators have details of those who may potentially be entitled to claim in the Administration of the Company in this regard and will be in contact with relevant individuals in due course as and when anything further is required.

Other Creditors

Please note that debts incurred by the Company before the Joint Administrators’ appointment will rank as unsecured claims against the Company.

Any sums due to the Company arising after the Joint Administrators’ appointment must be paid in full and without set-off against any debts incurred by the Company prior to their appointment.

The Joint Administrators will separately be in contact with all known creditors regarding next steps.

Future Communications

The Joint Administrators will give the required written notice to all known creditors of the Company as at the date of their appointment, that all reports and other applicable communications will be made available for viewing and downloading via this website, save for any documents which will still be delivered by post or email in accordance with the Insolvency (England and Wales) Rules 2016.

Frequently Asked Questions

Should you have any further questions, please see below answers to the Frequently Asked Questions.

Media

For all media enquiries, please contact seetle.dool@uk.ey.com or rlander@uk.ey.com.

Simon Edel, Alan Hudson and Richard Barker are licensed in the United Kingdom to act as Insolvency Practitioners by the Insolvency Practitioners Association. As Insolvency Practitioners they are bound by the Insolvency Code of Ethics when carrying out all professional work relating to the appointment.

The affairs, business and property of the Company are being managed by the Joint Administrators, Simon Edel, Alan Hudson and Richard Barker who act as agents of the Company only and without personal liability.

The Joint Administrators may act as data controllers of personal data as defined by the UK General Data Protection Regulation (as incorporated in the Data Protection Act 2018), depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Company may act as a data processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment.  The Office Holder Data Privacy Notice can be found at www.ey.com/uk/officeholderprivacy.

Insolvency Complaints Policy

This policy applies to all work carried out under the provisions of the Insolvency Act 1986 (insolvency work). 

Should you be dissatisfied with the insolvency work of a duly appointed insolvency practitioner or with the conduct of others carrying out such work on that person’s behalf, please direct your complaint to the relevant appointed insolvency practitioner(s) in the first instance.

It is endeavoured that complaints will be acknowledged within five business days of receipt and that acknowledgement will contain an estimated timeframe in which you can expect a response to your complaint.

In the event that your complaint cannot be resolved by the appointed insolvency practitioner(s), please write to Jo Robinson, UK EY-Parthenon Turnaround and Restructuring Leader.