# Harrington Brooks Limited (05296992)

> Why UK company 05296992 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05296992

- **Status:** Administration ended
- **Administration began:** 2018-04-11
- **Administrators:** Daniel James Mark Smith, Daniel Francis Butters
- **Administrators' firm:** Deloitte
- **Formerly:** One Advice Group Limited; One Advice Group PLC; One Advice Group Limited; Harrington Brooks Group Holdings Limited; Pinco 2233 Limited
- **Incorporated:** 2004-11-26
- **Location:** Birmingham
- **Industry:** 64205 Activities of financial services holding companies

## Why it went into administration

- Funding withdrawn / unable to refinance
- Regulatory change or action

## From the administrators' statement

In 2014 the Financial Conduct Authority (“FCA”) took over responsibility for the regulation of DMP companies from the OFT. As a result, additional regulations were put in place for all companies operating in the sector who had to apply to the FCA for authorisation.

During this period the Group curtailed its operations and reduced in size and profitability.

In addition, as part of the authorisation process the Group was required to make redress payments to customers totalling c.£3.5m (c.£2m had been paid at the date of Administration) which had a further detrimental impact on the Group’s cash position.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05296992/filing-history/MzIwMzk2NDgyN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05296992

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