Acquisition Opportunity

Cash On Go Limited (in Administration)

Hilco Streambank is seeking offers to acquire the financial technology business Cash On Go Limited (in Administration) on behalf of Adam Stephens, Gilbert Lemon, and Henry Shinners of Smith & Williamson LLP, acting as the Joint Administrators of the Company.


Friday 29 May 2020 at 12pm BST


Cash On Go Limited (in Administration) (“COG” or the “Company”) is a financial technology company that specialises in short-term loans. The Company offers two financial products to the UK consumer market: Peachy ( and Uploan ( Peachy is a specialist short-term personal loan product for loans ranging from £100 to £1,000 over 1 to 12 months. In 2019, the Company established Uploan, a longer-term loan solution for customers, which provides more control and flexibility in loan repayment. Uploan offers loans of £500 to £2,000.

COG has developed a sophisticated enterprise software solution for UK based online lending companies, that allows customers to engage in an interactive application process in order to acquire short-term loans. The Company prides itself on being a responsible lender and has invested significant sums of money in developing FCA-compliant software. In 2016, the FCA gave the Company full permission to provide high-cost, short-term credit and credit broking services in the UK.

Since its inception in 2010, COG has granted over £100m in loans to more than 2.2m registered customers. The current loan book sits at approximately 30,000 loans which equates to circa. £8m in outstanding repayments. COG primarily generates income from interest on its loan products, with a secondary income stream generated from a brokerage service where potential customers are referred to third parties.

In 2019, the Company generated gross profits in excess of £7m. Revenues for Q1-Q3 were circa. £11.9m. In the financial year ended 31 December 2018, the Company generated circa £7m in revenue and a gross profit of circa £7m. In 2017, the Company generated circa £2m in revenue and operating losses of £1.2m.

The sale of the business provides a unique opportunity for a potential purchaser to expand or enter into the UK loan market.


  • COG provides short-term GBP denominated loans to borrowers in the UK. It does not lend to corporate bodies.
  • It trades using the websites: and These sites benefitted from a total of 1.3m and 55k unique visitors respectively in 2019.
  • There are presently approximately 30,000 individual borrowers.
  • The average loan size is circa £310, with an average APR of 474%. Loan terms range from 1 – 12 months, with the average loan being 5 months. The total on balance sheet loan book is circa £8 million.
  • The Company employs approximately 30 skilled staff across two European sites.
  • Over £500k has been spent on the developing of bespoke loan software.
Peachy Uploan

Sales Process

The deadline for offers is Friday 29 May 2020 at 12pm BST.

Please contact Hilco Streambank to gain access to further information. A Bid Submission Form is available on request. Please be aware that a buyer’s premium of 10% of the sale price is payable by the winning bidder.

Key Terms & Conditions

The sale of the Company will be completed with no warranties or indemnities provided. Neither Hilco or the Joint Administrators are in a position to provide advice in relation to the Company, its financial position or future potential. Parties should make their offer(s) on the basis of their own due diligence and in line with the terms of the distressed sale. The information provided has not been verified by Hilco or the Joint Administrators and bidders are deemed to have carried out their own due diligence.

VAT at 20% will be added to the price if applicable. A buyer’s premium of 10% applies to this sale. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. Legal completion to occur within 5 business days of bid acceptance. Hilco Streambank's Terms and Conditions apply.

Contact Us

For further information please contact the following Hilco Streambank representatives:. 

Interested Parties

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