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Immediately following their appointment, the Joint Administrators concluded a sale of the business of CTL and the majority of its assets to Shelby Finance Limited ("Shelby"), an unconnected purchaser, which is a subsidiary of Morses Club PLC. As part of this sale, a proportion of CTL's current loan book was purchased by Shelby.
If you are a WageDayAdvance customer, you may check whether your customer account has been transferred to Shelby by entering your WageDayAdvance log in details:
The affairs, business and property of CTL are being managed by the Joint Administrators.
Howard Smith and Ed Boyle are authorised to act as insolvency practitioners by the Institute of Chartered Accountants.
We are bound by the Insolvency Code of Ethics.