# Pathfinder Debt Management Limited (06052464)

> Why UK company 06052464 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06052464

- **Status:** Administration ended
- **Administration began:** 2014-12-23
- **Formerly:** Pathfinders Debt Management Ltd; Advantage Unit Ltd
- **Incorporated:** 2007-01-15
- **Location:** Altrincham
- **Industry:** 64999 Financial intermediation not elsewhere classified

## Why it went into administration

- Rising costs / inflation
- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company was incorporated on 45 January 2007 under the name Advantage Umit Umited This name was subsequently changed on 4 July 2007 The Company commenced trading in November 2007 alongside an IVA business (Debts Solved Limited ‘DSL’) for the purpose of dealing with debt

management plans The sole director of the Company since incorporation was Simon Frederick Walshe

DSL was wound up in 2009 following a just and equitable petition after a breakdown of the business relationship between the partners of this business Following a lengthy legal dispute, the matter was settled, however, the dispute caused friction within the management structure at the Company At the end of 2010 and beginning of 2011, the Company acquired two debt management businesses and increased the client database with the hope of increasing trading profits

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06052464/filing-history/MzExNzc0ODk2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06052464

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