Cash Finance Direct (Holdings) Limited T/A Horizon Finance

Update 15 April 2015

If any employees have not yet returned their RP1 forms, please can you do so as a matter of urgency:

Catherine Heap
Begbies Traynor
340 Deansgate
M3 4LY

Update 14 April 2015

The following employers have contacted us regarding the staff of the company, all of whom have opportunities available for immediate start.

Different Money (Knutsford)
Contact: Hannah Foran (, Team Leader
Recruiting For: Service and Collections Agents

On The Beach (Stockport)
Contact: Justine Brady ( / (0161) 491 8439), HRM
Recruiting For: Customer Service Advisors, Sales Advisors and Order Processors

Midas (Manchester)
Contact: Karl Dustin (, Business Development Manager
Recruiting For: Staff with Language Skills Only (specifically Japanese, German, Dutch, Korean, Mandarin and Russian)

Optimise Hiring (Manchester)
Contact : Ashley Etchells  (recruitment broker)   0161 214 3845
Recruiting for : Call Handlers, Outbound Telesales Executives, Complaint Handlers, Customer service / Retention, IT Vacancies

Stockport-based loans call centre Cash Finance Direct (Holdings) Limited, trading as Horizon Finance, has been placed into liquidation. Francesca Tackie and Gary Lee, partners at the Manchester office of Begbies Traynor, have been appointed as joint liquidators to the company.

The firm, which sold loans over the phone on behalf of lenders, ceased trading on 27th March with the loss of 117 jobs, after some data providers stopped supplying the company in the mistaken belief that the firm was not authorised by the Financial Conduct Authority (FCA).

This followed a notice placed on the FCA website late last year, which suggested that the company was not authorised, due to confusion with a similarly named firm. This contributed to cash flow and operating difficulties as data providers stopped sending business to the company.

Commenting on the liquidation, Francesca Tackie said: “Cash Finance Direct was severely affected by the notice placed on the FCA website as nervous data providers stopped sending work through, fearing they were dealing with an unauthorised company.

“Whilst the FCA later issued a public apology on its website, the company never fully recovered and was unable to trade out of its difficulties.

“We are aware that there are a number of customers who were due refunds from the company in respect of call charges and we would urge them to get in touch with us.”

Queries should be directed to Catherine Heap on 0161 837 1700.

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