High-cost short-term lender enters liquidation

High-cost short-term lender, Ounapuu (formerly Ferratum) has entered into a Creditors’ Voluntary Liquidation.

The company was placed into a Creditors’ Voluntary Liquidation. Paul Boyle, David Clements and Anthony Murphy of Harrisons Business Recovery & Insolvency (London) were appointed as Joint Liquidators.

The firm’s name was changed from Ferratum UK Limited to Ounapuu on 4th November 2021.

Outnapuu is a high-cost short-term, or payday, lender. It lent money to customers for up to 4 months. All existing loan agreements remain in place, although the firm is no longer able to issue new loans.

The Liquidators will provide updates to customers as soon as possible.