Silicon Marketing Limited (Silicon) entered administration on 21 May 2026, with Carrie James and Nick Parsk of Oury Clark appointed as joint administrators. Silicon, which operates under Firm Reference Number 674008, is regulated by the Financial Conduct Authority (FCA) and is authorised to conduct debt purchasing and debt collection activities that provide debt resolution solutions to consumers.
The appointment of joint administrators places responsibility for managing the affairs of Silicon with Carrie James and Nick Parsk during the administration process. Their role includes overseeing the company’s operations while it is in administration and ensuring that the process is conducted in an orderly manner.
Impact on existing loan agreements
The joint administrators have advised that all existing loan agreements remain in place and will not be affected by the administration. According to their guidance, customers are expected to continue making repayments in line with their existing loan agreements and any arrangements that are already in place.
This means that, despite the company entering administration, the terms and conditions of current loan contracts remain unchanged. Customers should therefore maintain their regular repayment schedules as previously agreed with Silicon.
Regulatory oversight and consumer treatment
Silicon’s activities as a debt purchaser and debt collector fall under the supervision of the FCA, which regulates the firm. The FCA has stated that it is working closely with Silicon and the joint administrators to ensure that consumers are treated fairly during the administration process.
The involvement of the FCA focuses on maintaining appropriate standards of conduct and safeguarding consumer interests while the firm is in administration. The regulator’s cooperation with the joint administrators is intended to support the orderly management of Silicon’s affairs and to provide continuity for customers who hold loan agreements with the firm.
Consumers with existing arrangements are therefore expected to see no change to their loan obligations, while the administration of Silicon proceeds under the oversight of both the joint administrators and the FCA.
