Blue Motor Finance rescued from administration
Summary
Blue Motor Finance entered administration and was quickly sold in a pre-pack deal to Hodge. The business will keep operating under the Blue Motor Finance name, and its existing customers will continue repaying loans as normal. The transaction included the company’s full origination and servicing platform and transferred employees under TUPE. Blue Motor Finance emphasized that technology and automation have been central to its lending model, including fast automated decisioning and real-time data use.
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