FCA-authorised credit broker Kanda enters liquidation

Kanda Products & Services Ltd, an FCA-authorised credit broker with ~700 introducer ARs, entered liquidation on 6 May 2026.

Kanda, a credit broker serving home improvement finance via around 700 introducer appointed representatives, has entered liquidation following an earlier FCA voluntary requirement restricting its activities. The failure highlights vulnerabilities in the AR regime and broker-led consumer credit distribution.

Underscores AR oversight risks and potential consumer harm where principals fail, affecting lenders relying on broker networks.

AR regime weaknesses remain an FCA supervisory priority; failures expose lenders to conduct and operational risks.

“On 6 May 2026, Kanda Products and Services Ltd entered liquidation. Kanda is FCA-authorised as a credit broker, operating ~700 introducer ARs. On 16 February 2026, Kanda agreed a voluntary requirement with the FCA restricting activities.”