Harrisons Business Recovery and Insolvency (London) Limited have been appointed as joint administrators.

They say they “will conduct an orderly wind down of the business”.

A statement on the 247 Moneybox’s website says: “Customers should continue to make repayments for all outstanding loans in the usual way.

“Please note, if you receive any requests to make payment to any other bank accounts, please inform the customer service team immediately.”

Customers with complaints should still contact 247 Moneybox.

The customer services team can be contacted at customer.services@247moneybox.com or 0207 183 8078.