PDHL Limited (05990423): administration
- Status
- Administration ended
- Administration began
- 2016-03-10
- Administrators
- Anthony Collier, Geoffrey Paul Rowley
- Administrators' firm
- FRP Advisory
- Formerly
- Personal Debt Helpline Limited
- Incorporated
- 2006-11-07
- Location
- Manchester
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 7 November 2006 and traded from leased premises at Anglia House, Carrs Road, Cheadle (‘the leased premises’).
The Company provided personal debt management services to UK consumers with the two main products being Debt Management Plans (DMPs’) and Individual Voluntary Arrangements (IVAs’). The business employed approximately 110 members of staff and had two directors.
In recent years, the business expanded through acquisition of debt management portfolios from competitors As a result, turnover increased from £1.2m in FY10 to £4.2m in FY14 with net profits generated throughout this period (FY12 £684k, FYi3 £322k and FY14 £503k)
Administrators' statement of proposals (2016-05-16) · Companies House register