Moneybarn, part of Provident Financial, has been linked to potential car finance claims in Sheffield, affecting an estimated 52,589 residents based on FCA and ONS data. As the city's population stands at approximately 556,500 according to the ONS Census 2021, a significant portion of Sheffield’s car owners may have been impacted by issues related to Moneybarn’s car finance agreements.
Moneybarn Finance Agreements in Sheffield
The FCA estimates that 12.1 million eligible agreements were potentially affected from 6 April 2007 to 1 November 2024, resulting in an FCA-estimated scheme average of £829 per eligible agreement per agreement (FCA estimate). In Sheffield, this could mean a substantial number of residents who financed their vehicles through Moneybarn might be covered by the FCA redress scheme. The types of cars typically involved range from small city cars to larger family vehicles and SUVs. Given the nature of these agreements, it is crucial that affected individuals in Sheffield understand their rights and options.
Residents in Sheffield who believe they may have been impacted by issues related to Moneybarn’s car finance can file a complaint directly with the company without needing a claims management company. The official Moneybarn complaints page, located at https://www.moneybarn.com/complaints/, provides clear instructions on how to proceed. This process is entirely free of charge and allows individuals to address their concerns directly with the lender.
What Sheffield Residents Should Do Next
Sheffield residents who are considering filing a complaint should first gather any relevant documents related to their car finance agreements, such as loan contracts, payment schedules, and correspondence with Moneybarn. It’s important to review these documents carefully to ensure that all details align with the timeframe covered by the FCA investigation (6 April 2007 to 1 November 2024). Once this information is collected, individuals can proceed to file their complaint directly through Moneybarn’s official complaints process.
Sources and References
- ONS Census 2021
- Financial Conduct Authority (FCA) estimates: 12.1 million eligible agreements (FCA, March 2026), £7.5 billion (FCA, March 2026) total, £829 average per eligible agreement per agreement
- Provident Financial Group PLC
How Many People in Sheffield Are Affected?
Based on Sheffield's population of approximately 580,000, an estimated 121,194 motor finance agreements in the area may have been affected by discretionary commission arrangements (FCA estimate, proportional calculation). This represents approximately 0.87% of the UK total of 12.1 million eligible agreements.
Moneybarn is registered at Companies House (company number 02766324) with a status of liquidation. The company was incorporated on 1992-11-20. Its registered office is at Athena House, Bedford Road, Petersfield, GU32 3LJ, United Kingdom. The company currently has 2 directors.
Moneybarn Complaint Statistics
According to the Financial Ombudsman Service, Moneybarn received 7 total complaints in H2 2024 BUSINESS. You can check the latest complaint data at the Financial Ombudsman Service.
Moneybarn's FCA reference number is 702773 (status: No longer authorised).