06637623 Limited (06637623): administration
- Status
- Administration ended
- Administration began
- 2012-10-09
- Administrators
- Gagen Dulari Sharma
- Administrators' firm
- Accountants Breslins Birmingham
- Incorporated
- 2008-07-03
- Location
- Manchester
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Regulatory change or action
- Weather / natural events
From the administrators' statement
Chent Connection Limited (the “Company’’) was incorporated on 3 July 2008 and commenced trading as a Clams Management Company
The business model of the Company was to contact potential clients by telephone, assess over the phone if they had been potentially mis-sold PPI, obtain verbal agreement and take an upfront fee of £359 99 (inc VAT)
The Company established a 7 day PDQ facility with Barclays Merchant Services (“Barclays”), meaning the Company recetved funds paid by clients in seven days Barclays charged a 30% backend fee for the provision of the service
Administrators' statement of proposals (2012-12-03) · Companies House register