United Kingdom
Location of affected unit(s)
Stockport, Yorkshire and North West England
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.92 - Other credit granting

133 jobs
Number of planned job losses
Job loss
Announcement Date
4 August 2014
Employment effect (start)
4 August 2014
Foreseen end date


Payday lender, the Cash Store has ceased trading after being placed into administration on 1 August 2014. The administrators were unable to find a buyer for the business. The closure has resulted in the loss of 133 jobs. The company, which was FCA regulated, cashed cheques which gave customers immediate access to cash and it also provided a worldwide money wiring service. The Canadian parent company. The Cash Store Financial Services Inc. was reported to have been providing funding for the UK operation, which was making a loss. The UK head office was located in Stockport. The majority of the 27 UK stores were located in the north west of England and Yorkshire. All of the 120 staff who worked in the 27 UK outlets were made redundant with immediate effect. In addition, a further 13 staff who were based in the Stockport headquarters were also made redundant. The administrators are said to be assisting the workers to apply for statutory redundancy entitlements.



Eurofound (2014), The Cash Store, Bankruptcy in United Kingdom, factsheet number 77379, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77379.