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Logbook Lending Limited is done. The UK vehicle-secured lender, which traded under names including AFPremier.co.uk and LBL Asset Finance, entered administration on July 1, 2026, with three Joint Administrators now running the show.
Paul Appleton, Adam Shama, and Robert Ferne — all from BTG Begbies Traynor (London) LLP — were appointed to manage the company’s affairs, business, and property. The firm specialized in logbook loans, a form of lending where the borrower’s vehicle serves as collateral, as well as pawnbroking services. It’s a corner of the consumer credit market that’s always carried higher risk, and now Logbook Lending has hit the wall. New lending stopped. The doors, effectively, are shut for new business.
But existing loan agreements stay active.
That’s the part borrowers need to hear clearly. Customers who already have loans with Logbook Lending — whether through AFPremier.co.uk, LBL Asset Finance, or any other trading name the company used — are expected to keep paying. Same schedule. Same terms. The administrators aren’t ripping those contracts up. They’re honoring them, at least for now, while they work through what the company actually owes and owns.
What the Administrators Are Actually Doing
Appleton, Shama, and Ferne have a lot on their plate. Their job isn’t just to answer phones and forward mail. They’ve taken control of the company’s assets and operations, and they’re responsible for figuring out the best path forward — whether that means selling parts of the business, winding things down in an orderly way, or something else entirely. That determination depends on what they find when they dig into the books.
The assessment involves looking hard at what Logbook Lending owns versus what it owes. Creditors and stakeholders are in the picture too, not just customers. Administrators in UK insolvency proceedings have legal duties to all of them, and BTG Begbies Traynor is one of the larger insolvency practices operating in this space, so they’ve done this before. Probably more times than anyone would like.
For customers, the practical message is simple: don’t stop paying and don’t ignore letters. Any changes to loan agreements will come directly from the Joint Administrators, not through the company’s old customer service channels. If borrowers get communications from Appleton, Shama, or Ferne’s team, they need to respond. Ignoring those could create problems for the borrower even during an administration period.
Regulator Is Watching Closely
The regulatory authority — which the source doesn’t name explicitly — is actively involved. It’s in regular contact with both the Joint Administrators and Logbook Lending Limited, and it’s focused on making sure customers get treated fairly throughout the process. That kind of oversight matters in logbook lending specifically, because borrowers in this market tend to be people who couldn’t get mainstream credit. They’re often more vulnerable to disruption, and regulators know it.
The coordination between the regulator and the administrators is ongoing. Transparency is the stated goal. Whether that plays out in practice is unclear yet, but the regulator’s involvement at least puts some pressure on the process to stay clean.
Logbook loans have faced scrutiny in the UK for years. Critics have long pointed to high interest rates and the risk that borrowers lose their vehicles if they fall behind. The sector has seen tightening rules, and some lenders have struggled to adapt. Logbook Lending’s collapse probably isn’t a shock to people who watch this space closely.
What Borrowers Should Do Right Now
Keep paying. That’s basically the whole message for existing customers. Don’t assume the administration wipes out what you owe — it doesn’t. The debt is still live, and the administrators are collecting on it as part of managing the company’s assets.
If you’ve got questions about your specific agreement, the Joint Administrators are the right contact. They’re responsible for communicating updates and handling concerns as the process moves forward. The old customer service setup at Logbook Lending probably isn’t the right route anymore.
And watch for letters. Seriously. Borrowers who miss correspondence from the administrators during this period could find themselves in a worse position than they need to be.
The regulatory authority’s oversight continues throughout. Fairness and compliance with legal standards are supposed to be the guiding principles here, and the regulator is there to hold the administrators to that.
Paul Appleton, Adam Shama, and Robert Ferne from BTG Begbies Traynor (London) LLP took on this appointment July 1, 2026.
Frequently Asked Questions
When did Logbook Lending Limited enter administration?
Logbook Lending Limited entered administration on July 1, 2026, with Joint Administrators Paul Appleton, Adam Shama, and Robert Ferne from BTG Begbies Traynor (London) LLP appointed to manage the process.
Do I still need to make loan payments to Logbook Lending?
Yes. Existing loan agreements remain active and customers are advised to continue payments on their normal schedule, with any changes communicated directly by the Joint Administrators.
