Carpe Diem Group Holdings Limited (06508330): administration
- Status
- Administration ended
- Administration began
- 2012-07-03
- Incorporated
- 2008-02-19
- Location
- London
- Industry
- 70100 Activities of head offices
Why it went into administration
- Over-expansion / investment not recovered
From the administrators' statement
Carpe Diem was incorporated on 19 February 2008 The Company had two operating subsidiaries called Payment Card Technologies (UK) Ltd (05037484) and Payment Card Technologies (Retail) Ltd (06691616)
Payment Card Technologies (“PCT”) 1s the brand name of the Company and its two subsidianes PCT is a B2B prepaid card operator and a provider of debit card services, with an established client base generating revenues and cash flow
A prepaid card Is effectively a debit card which Is easily purchased with no need for a bank account and which can be “loaded” with funds, either physically or remotely Demand for prepaid cards is showing rapid growth, particularly in the UK market, and profit margins within the business are highly attractive PCT has a proven track record and a leading position within the UK prepaid debit card market
Administrators' statement of proposals (2012-08-07) · Companies House register