Logbook Lending Limited, a Harrogate-based company offering vehicle-secured loans and pawnbroking services, has entered administration as of July 1, 2026. The company traded under multiple brands including AFPremier.co.uk, pawnmy.co.uk, LBL Asset Finance, and Log Book Loans 247.
Administration Details
According to the Financial Conduct Authority (FCA), the firm provided logbook loans (bill of sale agreements) and pawnbroking. Paul Appleton, Adam Shama, and Robert Ferne of BTG Begbies Traynor (London) LLP have been appointed as joint administrators. The FCA stated it is in regular contact with the firm and administrators to ensure fair treatment of customers.
Impact on Customers
The company is no longer issuing new loans, but all existing loan agreements remain in effect. Customers must continue making payments as usual. The administrators will provide updates as soon as possible. The company held a 4.0 rating on Trustpilot, with 86% of reviews being five stars.
Broader Business Context
This administration follows a 41% surge in UK business administrations in January 2026, driven by high-street failures, rising wages, weaker consumer spending, and higher operating costs. Official Insolvency Service statistics showed 151 companies entered administration in January 2026, a 14% increase compared to January 2025. By late February, insolvency rates remained elevated, particularly in retail and hospitality.
Sarah Rayment, managing director and global co-head of restructuring at Kroll, commented: “The key question at this point in the year is whether distress and insolvencies will continue to rise given the pressures facing UK businesses. The reality is that every sector will face headwinds this year.”
Todd Davison, managing director at Purbeck Insurance Services, warned that business failures can affect company directors personally. “Many directors will have signed personal guarantees to secure loans, overdrafts or trade finance,” he said, noting that failed guarantees can put personal assets, including property and savings, at risk.
Other notable companies that have entered administration in 2026 include National Car Parks (NCP), which operated for nearly 100 years, and Denby Pottery, trading since 1809.
