QuickQuid The Largest Payday Lender Faces Administration?

Reports in the today’s papers are reporting that QuickQuid are facing Administration, with Grant Thornton reportedly being lined up to deal with the Administration. Grant Thornton, of course, have experience of dealing with the insolvency of Pay day lenders as they continue to deal with Wonga. 

Major news outlets are reporting that CashEuroNet UK, which trades under the QuickQuid brand, could be placed into Administration within a matter of days.