Fuelswitch.Com Ltd (05508231): administration
- Status
- Administration ended
- Administration began
- 2013-10-31
- Administrators' firm
- Deloitte
- Incorporated
- 2005-07-14
- Location
- Cardiff
- Industry
- 63990 Other information service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
We Ciaim U Gain Limited
WCUG was established in October 2008 and it Is part of a wder group of companies providing similar services operating from a call centre premises in Swansea, South Wales
WCUG's business model involves contacting individuals to generate leads for mis-sold PPI claims Once a lead is generated, the relevant lender is contacted and that lender investigates and makes payment to the individual Once payment has been made, WCUG invoices the Individual for 25% commission (plus VAT)
Administrators' statement of proposals (2014-02-20) · Companies House register