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Raedex Consortium

The SFO is investigating suspected fraud in relation to the activities of the Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars.


Investor updates

30 July 2021 – Following some initial enquiries we are revising the questionnaire and this will be finalised in due course. A link to access the questionnaire will be provided on this webpage and we would ask you to check back regularly. For those who have provided contact details, we will send an email when the questionnaire goes live. The questionnaire is designed to capture information from all those that previously invested, current investors, those who have or currently lease vehicles and any other parties who supplied goods or services to the Raedex Consortium.

10 June 2021 – Investors and lessees will be invited to complete a secure investigation questionnaire in July 2021 and we thank all those who have already assisted with our investigation so far. If you have already given us your contact details, we will send you an email when the questionnaire goes live. The questionnaire will be available on this page for those reporting on behalf of another (eg an elderly parent) as well as those who dealt directly with the companies.

10 May 2021 – We will soon ask investors and lessees to complete a secure investigation questionnaire. Investors and lessees should ensure all paperwork, correspondence and documentation is retained whilst we prepare the questionnaire.

The SFO is committed to supporting victims and invites investors and lessees to view this information pack for more information on support for victims of crime and on organisations that can offer advice on financial matters. Please be assured that the SFO is taking all reasonable steps to fully investigate this case. We thank you for your assistance with our investigation.

RSM Restructuring Advisory LLP are the Joint Administrators for the Raedex Consortium. Their work is separate and distinct from the SFO investigation.

8 April 2021 – Investors and lessees of the suspected fraudulent schemes are invited to check this webpage for an update on Monday 10 May 2021.

On Thursday 8 April 2021, the SFO, with the assistance of the National Crime Agency and City of London Police, conducted searches on two residential premises in connection with this investigation. The SFO also arrested and interviewed one individual, who has been released pending further investigation, and conducted an interview with a further individual.

Those who have leases with the companies above can find more information on the FCA website here.


The SFO would like to thank the National Economic Crime Centre (NECC) and FCA for their assistance in this matter.

As this is a live investigation, the SFO can provide no further comment.

Page published on 8 Apr 2021 | Page modified on 30 Jul 2021