Car finance claim - finance company is now dissolved

dredski

I had financing through Fortis Lease UK Retail Limited years ago. I completed the ML form and sent it off. This organisation was bought by the BNP Paribas group and it has now been dissolved. BNPLS responded saying as much and stating they were unable to help.

I then used AI to generate a response to this asking them to 'explain the legal basis on which responsibility did not transfer and identify who is responsible for any FCA redress' - stoney silence, as might be expected.

In this context, has anyone heard of a car finance company not existing any more and if so do they have any thoughts on how or indeed if it's worth progressing? I suspect the latter.

Keep_pedalling

If it was a lease then there is nothing to claim. If it wasn’t it appears there is no one to claim from based on this previous thread.

https://forums.moneysavingexpert.com/discussion/6523224/car-claim-fortis/p1

Woodstok2000

This is the relevant part of the previous thread:

FORTIS LEASE UK RETAIL LTD is now dissolved but it was formally owned by Fortis Lease UK Ltd which in turn is owned by BNP Paribas SA

They bought the whole company, ie they became its sole shareholder but assets and liabilities remained with Retail Ltd until they were dissolved in 2019. On 8 Jan 2019 the proposal to dissolve the company was published in the Gazette and creditors will have had 2 months to object to the dissolution.

dredski

Not that it matters but it was a loan not a lease.