Credit Repair Ltd (05158222): administration
- Status
- In administration
- Administration began
- 2025-01-06
- Administrators
- Ryan Kevin Grant, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2004-06-21
- Location
- Birmingham
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Sustained trading losses
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in June 2004 and provides accident management services to the automotive and insurance related sectors. The Company operates in the credit repair sector, contracting with repair garages to undertake repair works on a customer's behalf, and earning revenue in the form of rebates received.
As at the date of appointment, 190 employees worked for the Company (contracted by its parent company EDAM), operating from leasehold premises in Manchester (leased by EDAM).
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2025-02-19) · Companies House register