Amsol Finance Limited (06290461): administration
- Status
- Administration ended
- Administration began
- 2013-10-07
- Administrators' firm
- BDO
- Incorporated
- 2007-06-22
- Location
- Timperley
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 22 June 2007, but did not commence actual trading until January 2013, at which point the company commenced the business of investigation into the possibility of mis-sold Payment Protection insurance (“PPI”) by contacting individuals from the leads bought from several different referrers
At the inception of the Company, the sole shareholder was Antony Solomons (“AS”) On 16 June 2010, his shareholding in the Company was transferred to Christopher Holmes (“CH”) This was effected by way of executing both a stock transfer form and a new share certificate and signed by AS as the sole director at that time in favour of CH Subsequently, as part of a separate arrangement with CH, AS’s father, Stuart Solomons (“SS”) agreed to provide any necessary financial help the Company required through his Maltese company and its ostensible UK trading subsidiaries (“facilities”) In return for such facilities, 70% of any profits would be shared with SS and/or his Maltese company and its UK subsidiaries
It ts necessary to provide some context to the relationship between CH and SS CH ts the sole director of three UK companies, Bankruptcy Protection Fund Limited (which went into iquidation on 19 August 2013 whose liquidator is David Rubin, David Rubin & Partners, Pearl Assurance House, 319 Ballard Lane, Finchley, London, N12 8LY), Amaigamated
Administrators' statement of proposals (2013-11-29) · Companies House register