Two operators, three years apart
The Pounds to Pocket brand has changed hands once. Original operator CashEuroNet UK LLC entered administration on 25 October 2019 alongside its sister brands QuickQuid and Onstride. The administration ran for thirty months and was closed in April 2022 after a 53.5p in the £ dividend was paid to creditors with agreed claims. The poundstopocket.co.uk domain was acquired separately by Chojin Ltd two months later, on 29 June 2022, and relaunched as an FCA-authorised credit broker. The current operator has no corporate connection to CashEuroNet UK LLC or to its US parent Enova International.
The original direct lender
- Operator CashEuroNet UK LLC
- US parent Enova International (NYSE: ENVA)
- Type Direct lender, instalment loans
- Sister brands QuickQuid, Onstride
- Administration 25 October 2019
- Final dividend 53.5p in £
The current credit broker
- Operator Chojin Ltd
- Type Credit broker, directly authorised
- FCA reference 732880
- Loan range £100 to £5,000
- Term 1 to 36 months
- Connection to original None
Key facts
Both entities and the transition between them. All data points reconcile with contemporaneous regulatory filings and the FCA register entry retrieved 28 April 2026.
The current poundstopocket.co.uk is a registered trading name of Chojin Ltd, a directly authorised credit broker holding FCA reference 732880. The same firm operates the relaunched WageDayAdvance. The original CashEuroNet UK LLC authorisation has been removed from the FCA register following the conclusion of the administration. Verify the current operator via the FCA register before any application.
How the current Pounds to Pocket works
The current operation is structurally different from the original. Knowing which is which matters for two practical reasons. It defines the scope of regulated activity the current entity may carry out. It marks out the proper route for any complaint a borrower might want to raise.
It does not lend its own money
Chojin Ltd, the operator of the current poundstopocket.co.uk, is a credit broker. It does not issue loans. Applications submitted through poundstopocket.co.uk are passed to a panel of third-party lenders. Approval, terms, interest rate and the credit agreement come from whichever lender accepts the application, not from Pounds to Pocket.
Directly authorised, not an Appointed Representative
Chojin Ltd holds FCA reference 732880 as a directly authorised firm. It is not an Appointed Representative of any other firm and does not operate under a principal's authorisation. The same firm also operates the relaunched WageDayAdvance brand, holding both as registered trading names under a single FCA authorisation. This is structurally different from the relaunched PaydayUK, Sunny and The Money Shop brands, all three of which run as Appointed Representatives of Flux Funding Limited.
The applicant's personal APR depends on the lender
Because Pounds to Pocket does not set the loan terms, the applicant's APR is determined by the lender that ultimately approves the application. The advertised loan range of £100 to £5,000 over 1 to 36 months is indicative. Real terms come from whichever panel member chooses to underwrite the application. The first stage is a soft search. A hard credit pull only takes place once a lender progresses the case.
The original Pounds to Pocket
The original Pounds to Pocket operated for approximately nine years as the instalment-loan product within the CashEuroNet UK LLC group. Its sister brand QuickQuid handled single-payment payday loans. Onstride was added later as a longer-term product. All three trading names belonged to the same legal entity, regulated under FCA reference 669809, and ceased lending on the same day when the US parent voluntarily exited the UK market.
Brand established
CashEuroNet UK LLC launches the Pounds to Pocket brand as the instalment-loan product within the CashEuroNet UK group, alongside the existing QuickQuid payday brand. CashEuroNet UK LLC is the British subsidiary of Chicago-based fintech Enova International, then part of Cash America International before its 2014 spin-off as a NYSE-listed company.
FCA assumes consumer credit oversight
The Financial Conduct Authority takes over consumer credit regulation from the Office of Fair Trading on 1 April 2014. Affordability assessment requirements tighten materially across the sector. CashEuroNet UK is granted full FCA authorisation later that year.
FCA price cap takes effect
The high-cost short-term credit price cap applies from January 2015. Daily interest is capped at 0.8 percent. Default fees are capped at £15. Total cost of credit may not exceed 100 percent of the principal advanced.
Wonga collapse triggers sector-wide complaint surge
The August 2018 Wonga administration concentrates affordability complaints across the surviving payday lenders. With QuickQuid the largest remaining UK payday lender by customer count, CashEuroNet UK absorbs a disproportionate share of the redirected complaint volume through the second half of 2018 and into 2019.
Enova announces UK exit
On 11 October 2019, Enova International announces it will withdraw from the UK market. The decision is presented as a voluntary commercial choice driven by the cost of complaint handling, not as a result of insolvency. Enova continues to trade profitably in the United States.
Administration
CashEuroNet UK LLC is placed into administration. Chris Laverty, Trevor O'Sullivan and Andrew Charters of Grant Thornton UK LLP are appointed joint administrators. All three brands, Pounds to Pocket, QuickQuid and Onstride, stop issuing loans on the same day. Existing customer agreements remain in place with collections continuing under their original terms.
Wind-down and claims process
Grant Thornton manages an orderly wind-down of the loan book and establishes an online claims portal for affordability redress complaints. The original target completion date of October 2020 is extended by court order to October 2021. A further extension into 2022 follows to permit assessment of the redress claim register.
Final dividend declared
Grant Thornton declares a first and final dividend of 53.5 pence in the pound on agreed creditor claims. Distribution is communicated to all customers with accepted claims on 25 April 2022 and payment is completed shortly after. The dividend is the highest paid by any UK payday lender administration in the sector's collapse cycle, reflecting Enova's voluntary exit while the underlying business remained profitable.
Domain acquired and relaunched
The poundstopocket.co.uk domain is acquired by Chojin Ltd on 29 June 2022 and relaunched as a directly authorised FCA credit broker. The acquisition follows two months after the dividend distribution. Chojin Ltd had previously acquired the wagedayadvance.co.uk domain in January 2021, and now operates both as registered trading names under a single FCA authorisation.
If you had a loan from the original Pounds to Pocket
The CashEuroNet UK LLC administration is closed to new claims. The summary that follows is for reference and does not constitute borrowing advice.
Compensation
The CashEuroNet administration paid a first and final dividend of 53.5 pence in the pound on 25 April 2022. No further distributions will be made to claimants. The Financial Ombudsman Service is unable to consider new complaints against CashEuroNet UK LLC because the firm no longer exists. There is no further redress route specifically against the original Pounds to Pocket.
Outstanding loan balances
Outstanding Pounds to Pocket balances remained with the CashEuroNet administration estate during the wind-down. Loans were not pre-pack sold to a third party as happened with some other payday lender administrations. As collections completed, residual debt was sold to debt purchasers in the standard way. Borrowers receiving collection contact in the Pounds to Pocket, QuickQuid, Onstride or any debt purchaser name in 2026 should request the original credit agreement, verify the current owner of the debt, and check whether any redress amount has been correctly set off against the balance.
Why the dividend was so much higher than other payday lenders
Most UK payday lender administrations paid creditors a few pence in the pound. CashEuroNet paid 53.5p. The reason is structural: CashEuroNet did not collapse. Enova International chose to exit the UK market while CashEuroNet was still solvent and profitable. The administration estate inherited a healthier balance sheet than was typical of forced administrations such as Wonga (4.3p), The Money Shop Group and PaydayUK (4.31p) or WageDayAdvance (5.68p).
If you are dealing with historical Pounds to Pocket debt
None of the services below charge for help with debt or credit. Each operates without any commercial connection to lenders or claims firms. Each offers help on disputed legacy balances, debt purchaser dealings and the formal mechanisms available when debt becomes unmanageable.
Considerations for the current Pounds to Pocket
For applicants considering using the current poundstopocket.co.uk credit broker, three structural points are worth understanding before applying.
The current Pounds to Pocket is not the original Pounds to Pocket
Chojin Ltd, the current operator, has no corporate, operational, or financial connection to CashEuroNet UK LLC or to Enova International. Whatever brand goodwill the original lender accumulated does not flow through to the new broker. The current broker operation should stand or fall on its own merits, not on the legacy direct lender's reputation.
A directly authorised broker, distinct from the Flux Funding cluster
Chojin Ltd holds its own FCA authorisation and operates the Pounds to Pocket brand independently. This is a different structural position from the relaunched PaydayUK, Sunny and The Money Shop brands, all three of which run as Appointed Representatives of Flux Funding Limited. Compliance accountability for Pounds to Pocket sits with Chojin Ltd directly rather than with a separate principal firm.
One operator, two trading names
Chojin Ltd operates both the relaunched Pounds to Pocket and the relaunched WageDayAdvance brands under a single FCA authorisation. Both brands are registered trading names of the same legal entity. An application submitted through one brand reaches the same operator that runs the other. The two brand front-ends advertise identical product parameters, £100 to £5,000 over 1 to 36 months, although the relaunched brands have no operational or financial continuity with the original direct lenders of either name.
The applicant's APR is not knowable in advance
Because the broker does not set rates, the headline loan range published on poundstopocket.co.uk does not predict what any specific applicant will be offered. Personalised APR comes from the matched lender's underwriting against credit profile, requested amount and chosen term. Eligibility produces an indicative answer. The matched lender's hard search confirms the actual contract terms.
Established active brokers and direct lenders worth considering.
Three FCA-authorised lenders and brokers operating continuously under their current owners for longer. Each is fully bound by the FCA price cap on high-cost short-term credit.
Direct lender for personal loans from £1,000 to £5,000. Operating since 2013 under continuous FCA authorisation. Closest product match to the Pounds to Pocket loan range, sourced from a single lender rather than a panel.
Comparison broker with a wide panel covering most major direct lenders. Loan range covers £100 to £10,000 over up to 5 years. Eligibility checking ahead of full application.
Direct lender offering both unsecured personal loans and logbook loans. Operating since 2005 under continuous FCA authorisation. Decisions in minutes, with funds typically transferred the same day.
Sources and verification
Original CashEuroNet UK LLC administration details verified against the FCA statement of 25 October 2019 and the Grant Thornton administration page at casheuronetukadministration.grantthornton.co.uk.
Final dividend figure of 53.5 pence in the pound sourced from the Grant Thornton administrators' statement of 25 April 2022.
Enova International's voluntary UK exit announcement of 11 October 2019 verified against contemporaneous Reuters and Financial Times reporting.
Current operator structure and FCA references verified against poundstopocket.co.uk on 4 May 2026 and the FCA register entry for Chojin Ltd (732880). Domain acquisition date of 29 June 2022 sourced directly from the Pounds to Pocket FAQ section confirming the change of ownership.
Swift Money Limited is a credit broker, not a lender. Inclusion in this directory does not imply a commercial relationship between Swift Money and either entity operating under the Pounds to Pocket brand. We are authorised and regulated by the Financial Conduct Authority, FRN 738569.