On 15 January 2024, Aviation and Tech Capital Ltd t/a Ablrate (Ablrate), a regulated Peer-to Peer (P2P) firm entered administration. Sean Bucknall, Brian Burke and Andrew Hosking of Quantuma Advisory Limited were appointed joint administrators.

Ablrate operated a Peer to Peer (P2P) lending platform and facilitated crowdfunded loans which are used to finance onward lending to small and medium-sized enterprises (SMEs).

The directors of the firm concluded that the firm was insolvent and applied to Court for an administration order.

The joint administrators are now responsible for the firm’s affairs and must act in the interest of the firm’s creditors.