On 27 June 2025, Fernwood Financial Limited, a high-cost lending firm based in northwest England, officially entered liquidation. Michael Howarth of Aurora Equity & Development Limited has been appointed as the Liquidator.

What This Means for Customers:

Fernwood Financial is no longer lending, and all loan collections have permanently stopped. Most importantly, if you had a loan with Fernwood Financial:

• Your loan balance has been written off in full.
• You do not need to make any more payments.
• Cancel any standing orders or direct debits with your bank to avoid unnecessary charges.
• Be cautious of fraud: If anyone contacts you requesting payment, get in touch with the Liquidators immediately.

Protecting Customers’ Interests

The Financial Conduct Authority (FCA) is actively working with the Liquidators to ensure customers are treated fairly throughout the process.