Chris Laverty, Trevor OSullivan and Helen Dale of Grant Thornton UK LLP were appointed as Joint Administrators of MMP Financial Limited on 9 December 2019, and were subsequently appointed as Joint Liquidators on 15 June 2020.

The Joint Liquidators ceased collections activity on 6 November 2020 and are no longer accepting loan applications or payments relating to existing loans. A first and final distribution to unsecured creditors including redress customers was made on 2 December 2020 following the closure of collection operations.

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    When will MMP Financial Limited’s (MMP) collections be closing?

  • MMP is now commencing the wind down of its operations
  • Collections operations will close on the 6 November 2020
  • I still have an outstanding balance, what will happen to the loan?

  • MMP will be unable to receive any payments after 6 November 2020 as it will be commencing the wind down of its operations
  • Following the 6 November 2020, no further statutory notices will be sent to you and your credit file will be updated in due course to reflect that no further payments are due to the account
  • I have contacted MMP regarding my personal circumstance and provided the necessary documents - what will happen to my outstanding loan?

  • If your personal circumstances determine that there should no longer be an outstanding balance with MMP your loan will be written off and your credit file will be updated accordingly
  • If you have any questions please get in contact with the customer care team at customercare@swiftsterling.co.uk
  • Can I set up a repayment arrangement to clear my outstanding balance?

  • MMP will be unable to receive any payments after 6 November 2020 as it will be commencing the wind down of its operations
  • When will my credit file be updated?

  • MMP is aiming to have all customer credit files updated by the end of the Liquidation period
  • If I have any queries relating my loan after the wind down of the operations, can I still call MMP?

  • MMP will not be able to collect further payments after 6 November 2020
  • MMP will not be able to update your account details (name, DOB, email address, physical address & bank details)
  • What if I have not received my distribution relating to my redress claim?

  • The Joint Liquidators’ declared a first and final distribution to redress creditors on Wednesday 2 December 2020 confirming that a dividend equating to 19.7p in the £ will be paid and should be received by no later than Wednesday 9 December 2020.
  • As an illustration, if you have a redress claim equating to £200, the distribution paid to you will be £39.40. There will be no further distributions made to customers in this liquidation.
  • Please see in the following link the joint liquidators’ R&P and statement under rule 14.35 for your information Link to document
  • If you have not received your distribution, please email the liquidators’ team at mmpfinancial@uk.gt.com