The Car Finance Company (TCFC) could be in financial trouble, The Times has reported.
The paper used a number of reasons for suggesting this. This included the fact that its accounts are currently listed as ‘overdue’ on Companies House. These accounts were due at the end of March, meaning they are just over a month late at the time of writing.
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The second piece of evidence used was that six directors have resigned from the lender since the beginning of March. Those who have left TCFC are Adam James Barron, Neil Clyne, and Giles Matthew Oliver David.
Kristen Kelly Gilbert, Nicholaos Constantinos Krenteras and Lawrence Anthony Mersiello are employees of Pinebrook Partners, and now no longer on the board at TCFC.
Pinebrook Partners, the New York based private equity fund, no longer lists TCFC on its list of financial services investments.
Motor Finance has reached out to TCFC for comment, but has yet to receive any comment.
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