Blue Motor Finance enters administration: Once in a blue moon

Research evidence excerpt

Blue Motor Finance enters administration: Once in a blue moon

J P M O R G A N Europe Credit & Securitized

Products Research

31 July 2026

Blue Motor Finance enters

administration

Once in a blue moon

• On 30th July, UK motor finance lender Blue Motor Finance (“Blue Motor”) Europe Corporate Credit - Asset

announced that it has entered into administration, and that the sale of its Backed Securities

“business and the majority of its assets” to Hodge MF Limited has completed. Meghan Kelleher AC

As such, Hodge MF Limited has acquired Blue Motor’s “full origination and (44-20) 7134-2591

servicing platform” as well as its 168 employees, and future business meghan.c.kelleher@jpmorgan.com

operations will continue to trade as Blue Motor Finance. Joint Administrators J.P. Morgan Securities plc

have been appointed from EY Parthenon. Aparna R C

(91-22) 6157 5501

aparna.rc@jpmorgan.com• Originally established in the 1990s – but operating in its current form since the

mid-2010s – Blue Motor Finance offered fully amortising, hire purchase (HP) J.P. Morgan India Private Limited

agreements to customers to finance the purchase of motor vehicles, via its

network of dealers and brokers. The company’s annual loan originations since

2016 (through 2024) ranged between £160mm and a record £473mm (in FY

2022), with more than £2.8bn of financing provided over this period. After

obtaining an equity investment from Cabot Square in late 2014, Blue Motor

issued 3 UK Auto ABS deals via its Azure Finance programme between

2018 and 2023. The last of these transactions, Azure Finance No.3 plc

(AZURE3), remains outstanding. In addition to public securitisation, the

company’s other funding channels have included private warehouses,

portfolio sales, and forward flow agreements. One such forward flow