# Credit Repair Ltd (05158222)

> Why UK company 05158222 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05158222

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05158222/filing-history/MzQ1NTA1NTQ1M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05158222

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.