An orderly UK exit
QuickQuid is the unusual case in the UK payday sector. The original operator did not collapse under the weight of its complaint book, but withdrew while still solvent enough to repay creditors at over half the value of agreed claims. The brand was later acquired by Quick Loans Ltd, which has stated publicly it intends eventually to return to direct lending under the QuickQuid name. For now, it is a credit broker only.
The original direct lender
- Operator CashEuroNet UK LLC
- Parent Enova International (US)
- Sister brands Pounds to Pocket, Onstride
- Customers ~1 million
- Administration 25 October 2019
- Final dividend 53.5p in £
The current credit broker
- Operator Quick Loans Ltd
- Type Credit broker
- FCA reference 763132
- Loan range £100 to £1,500
- Term Up to 12 months
- Connection to original None
Key facts
Both entities and the transition between them. Each item below is referenced from regulatory filings and the FCA register, retrieved 28 April 2026.
Administration record verified against the FCA notice of 25 October 2019. The 53.5 pence dividend is materially higher than other major UK payday lender administrations of the period: Wonga paid 4.3p, PaydayUK 4.31p, and WageDayAdvance 5.68p. Verify the current Quick Loans Ltd entity directly via the FCA register before any application.
How the current QuickQuid works
The current operation is structurally different from the original. Two practical consequences flow from the lender-versus-broker distinction here. It controls what regulated work the current operator is allowed to do. It governs which firm a complaint should be addressed to.
It does not lend its own money
Quick Loans Ltd, the operator of the current quickquid.co.uk, holds FCA permissions for credit broking only. It does not issue loans. Applications submitted through quickquid.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 QuickQuid.
The stated intention to return to direct lending
Quick Loans Ltd has stated publicly that the long-term goal is to reintroduce direct lending under the QuickQuid brand. This would require additional FCA permissions beyond credit broking. As of April 2026, the firm holds credit broking permissions only. Any future shift to direct lending would constitute a material change to the regulatory profile of the brand and would be reflected in updated FCA register entries.
The applicant's personal APR depends on the lender
Because QuickQuid does not currently 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 £1,500 over up to 12 months is indicative. The matched lender, not the broker introducer, dictates the borrower's real terms. The broker uses a soft search at eligibility stage. A hard search only occurs on full application.
The original QuickQuid
The original QuickQuid operated for approximately twelve years and was, at peak, the second-largest UK payday lender after Wonga. The brand was operated by CashEuroNet UK LLC, the UK subsidiary of Enova International, a US-listed lender of subprime consumer credit. After Wonga's collapse in August 2018, QuickQuid was briefly the largest active UK payday lender, with over a million customer accounts. CashEuroNet's exit from the UK market in October 2019 marked the effective end of large-scale payday lending in the UK.
Brand established
QuickQuid launches as a UK trading name of Enova International. The firm establishes a market position based on rapid online application processing and same-day funding for short-term loans.
FCA assumes consumer credit oversight
The Financial Conduct Authority takes over consumer credit regulation on 1 April 2014. CashEuroNet UK LLC restructures its UK operations under a new corporate vehicle to hold the FCA authorisation.
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 pounds. Total cost of credit may not exceed 100 percent of the principal advanced.
QuickQuid becomes the most-complained-about firm at the FOS
By the second half of 2018, QuickQuid is the firm receiving the most complaints at the Financial Ombudsman Service. Affordability claims, primarily relating to loans issued before the price cap, accumulate at a rate that materially affects operational profitability. Following Wonga's August 2018 administration, QuickQuid becomes the largest active UK payday lender by customer count.
Administration
CashEuroNet UK LLC enters administration. Chris Laverty, Trevor O'Sullivan and Andrew Charters from Grant Thornton are appointed as joint administrators (the same Grant Thornton team that administered Wonga). Enova International announces it will exit the UK market entirely. The reason given is an inability to reach agreement with the Financial Ombudsman Service over the volume of compensation claims.
Claims process
Grant Thornton operates a claims portal for affordability complaints from former QuickQuid, Pounds to Pocket and Onstride customers. The claims process closes in 2021.
Final dividend declared
The administrators distribute payments to over 80,000 claimants at approximately 53.5 pence in the pound, the highest dividend ratio of any major UK payday lender administration. The substantially higher dividend reflects Enova International's choice to exit the UK voluntarily, leaving CashEuroNet UK LLC with stronger asset cover for claims than firms that had attempted to trade through compensation costs.
Administration completed
Grant Thornton applies to Companies House to formally close CashEuroNet UK LLC. The administration is concluded. No further dividends or distributions are possible from the original estate.
Brand acquired by Quick Loans Ltd
The QuickQuid brand name is added to the FCA permissions of Quick Loans Ltd, an unrelated firm. The brand relaunches under the new operator as a credit broker, not a direct lender. Quick Loans Ltd states publicly an intention to return to direct lending at a future point, subject to FCA permissions.
If you had a loan from the original QuickQuid
The CashEuroNet UK LLC administration is closed. The window for claiming compensation has passed. Most former customers in 2026 have already received their final dividend payment of approximately 53.5 pence in the pound. Details below are reference-grade only, drawn from public sources.
Compensation
The administrators paid a final dividend of approximately 53.5 pence in the pound. There will not be any further dividend distribution. The administration was formally closed in October 2022. 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 QuickQuid.
Outstanding loan balances
Outstanding balances on QuickQuid loans were sold to third-party debt purchasers, including Lantern, as part of the wind-down. Borrowers receiving collection contact in the QuickQuid, CashEuroNet, Pounds to Pocket or Onstride 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.
The relatively favourable outcome
Former QuickQuid customers received a materially better outcome than former Wonga or PaydayUK customers because Enova International chose to exit the UK voluntarily before complaint costs eroded the asset base. A claimant with an agreed claim of 1,000 pounds received approximately 535 pounds, compared to approximately 43 pounds under the Wonga administration or approximately 43 pounds under the PaydayUK Scheme. The structural difference is the choice between voluntary corporate exit (Enova) and trading-through-failure (Wonga, ICL).
If you are dealing with historical QuickQuid debt
None of the services below charge for help with debt or credit. These bodies have no financial relationship with any lender, broker or claims firm. Each provides free advice on disputed legacy balances, dealing with debt purchasers and the formal escape routes when balances become unaffordable.
Considerations for the current QuickQuid
For applicants considering using the current quickquid.co.uk credit broker, the following structural points are worth understanding before applying.
The current QuickQuid is not the original QuickQuid
The favourable dividend on the original administration may give the QuickQuid name a more sympathetic association than other relaunched brands of the same era. This association does not extend to the current operator. Quick Loans Ltd has no corporate, operational, or financial connection to CashEuroNet UK LLC, Enova International or the administrators Grant Thornton. None of the original direct lender's reputation, service history or product profile carries through to the relaunched entity. Today's relaunched broker should be appraised on its own track record, separately from the legacy lender's history. Dot Dot Loans illustrates a different post-administration outcome from the same period, where the brand was sold via pre-pack rather than relaunched after liquidation.
Two former CashEuroNet brands have been relaunched, by different operators
Of the three trading names CashEuroNet UK LLC operated, two have been relaunched as credit brokers under different unrelated operators. Quick Loans Ltd operates the relaunched QuickQuid. Chojin Ltd operates the relaunched Pounds to Pocket. The two operators hold different FCA authorisations, sit at different addresses and have no corporate relationship with each other. The third original sibling, Onstride, has not been relaunched. An applicant considering both QuickQuid and Pounds to Pocket today is choosing between two structurally separate brokers that share nothing but a historical parent that no longer exists.
The stated direct-lending ambition
Quick Loans Ltd has stated publicly that the long-term plan is to reintroduce direct lending under the QuickQuid brand. This makes QuickQuid distinctive among the relaunched-broker entries in this directory: most operate purely as brokers with no stated intention to change. The transition to direct lending, if it occurs, would require additional FCA permissions and would be reflected in updated register entries. Until that transition is reflected in the FCA register, QuickQuid is a broker.
The applicant's APR is not knowable in advance
Because the broker does not set rates, the headline loan range published on quickquid.co.uk does not predict what any specific applicant will be offered. The APR a borrower actually receives is set by the matched lender after weighing credit profile, loan amount and term. What the borrower sees on the eligibility screen is indicative. The lender's hard search settles the binding terms.
Established active brokers and direct lenders worth considering.
Three FCA-regulated peers whose current ownership has run longer than the relaunched brand. All operate within the FCA-imposed cost cap on high-cost short-term credit.
Established broker operating the largest comparison panel in the directory. 30+ active lender partners. Pre-application eligibility checker as a soft-search tool.
Comparison broker with an editorial focus on total cost rather than headline APR. Eligibility checking ahead of full application, with no impact on credit file.
The largest UK direct short-term lender by verified review volume. Operating since 2008 under continuous FCA authorisation. Lend their own money.
Sources and verification
Original QuickQuid administration details verified against the FCA statement of 25 October 2019 and the Michelmores press release documenting the legal advisor role on the administration.
Final dividend figure of 53.5 pence in the pound and approximately 80,000 claimant count sourced from Debt Camel's record of the CashEuroNet administration and Grant Thornton creditor correspondence.
Quick Loans Ltd ownership of the relaunched brand and stated intention to return to direct lending sourced from public statements on the current quickquid.co.uk about page and the FCA register entry for Quick Loans Ltd (FCA reference 763132).
Comparative dividend figures for Wonga, PaydayUK, WageDayAdvance and other UK payday administrations cross-checked against contemporaneous administrator notices and the relevant entries in this directory.
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 QuickQuid brand. We are authorised and regulated by the Financial Conduct Authority, FRN 738569.