Experiences Connect Limited (04655849): administration
- Status
- Administration ended
- Administration began
- 2016-09-08
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-02-04
- Location
- Manchester
- Industry
- 66190 Activities auxiliary to financial intermediation n.e.c.
Why it went into administration
- Sustained trading losses
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 04 February 2003 and commenced to trade thereafter The sole director is currently Steven Wells, who 1s also the majority shareholder holding 95% of the shares
The Company latterly traded from leasehold premises in Ipswich and Belfast (see 24 above), employing 32 staff at the time of Administration
The principal trading activity of the Company was as a call centre and generator of retail client instructions for a limited number of financial organisations The Company used its in house sales / lead generation team to source clients who may have had grounds for compensation through the mis-selling of PPI products, financial! investment and mortgage products The Company would, working on a client's instruction / profile, conduct marketing initiatives to generate an active database of potential claimants These would be then passed on to their client The fees for this work would be calculated by way of a commission based on a percentage of the income eventually earned by the client This would be remitted to the Company once the client was in funds
Administrators' statement of proposals (2016-11-02) · Companies House register