Home credit specialist Buy As You View(BAYV) has entered administration.
Buy As You View, owned by Dunraven Finance, has made 41 job losses with another 226 jobs are at risk. Buy As You View, has 40,000 customers across the UK.
EY confirmed it had been appointed by Buy As You View as administrators. EY said the company had “continued to incur significant losses” despite restructuring.
In a statement, EY said “The directors of Buy As You View concluded reluctantly that they should place the company into administration to allow options to be assessed by the joint administrators and to enable further restructuring to be undertaken.”
The company started offering “rent to own” TVs but has branched out into deals for other electrical and domestic appliances as well as furniture.