Laybuy Receivership information
This page provides information for creditors, employees and affected parties in relation to The Laybuy Receivership.
- Laybuy Group Holdings Limited
- Laybuy Holdings Limited
- Laybuy Australia Pty Limited
(Collectively the ‘Companies’)
Background information
The above Companies were placed into Receivership on 17 June 2024. David Webb and Robert Campbell of Deloitte New Zealand have been appointed Receivers and Managers over Laybuy Group Holdings Limited and Laybuy Holdings Limited. Glen Kanevsky and Jason Tracy of Deloitte Australia have also been appointed over Laybuy Australia Pty Limited.
For the sake of clarity, the UK based entities and certain other entities in the Laybuy Group are not in receivership.
The Laybuy Group (Laybuy) is a buy-now, pay-later provider that allows consumers to purchase goods and services and spread the total cost over six weekly payments. Laybuy has operations in New Zealand, Australia, and the UK, and currently services over 10,500 merchants and approximately 500,000 users globally. Laybuy was listed on the Australian Stock Exchange in September 2020 to fund growth in the UK, however it was delisted in March 2023.
The appointment was made at the request of the Companies’ Directors, following efforts to seek additional investment and a sale of the business and/or assets.
The Receivers are working with the Companies’ employees, merchants and other affected stakeholders to assess the financial position of the Companies and ascertain the way forward.
The Receivers understand that there will be many parties, including employees, merchants and third-party suppliers, who will have questions about the process. Over the coming days, information regarding the Receivership can be found below.
Related documents:
