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The administrators’ function is generally to act in the interest of the company’s creditors as a whole, and this must be done as quickly and efficiently as is reasonably practicable.
There is an ongoing FCA investigation into the circumstances that have led to this action.
Lendy operates a P2P lending platform through a website (https://lendy.co.uk) facilitating crowdfunded loans which are used to fund the purchase and development of property.
The joint administrators will contact all affected parties in due course.
For more information about the administration please: