Hamsard 3225 Limited (07349948): administration
- Status
- Administration ended
- Administration began
- 2023-08-08
- Administrators
- Julian Pitts, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-08-18
- Location
- Leeds
- Industry
- 64205 Activities of financial services holding companies
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated in August 2010 with several directors appointed, including two current directors, Michael Michaelson and Philip Wilbraham.
The Company was setup for the purpose of providing home credit via short-term cash loans of up to £500. Prior to ceasing lending in April 2023, the Company offered loans typically from 16 — 34 weeks to assist their customers with financing periods such as Christmas, holidays and unexpected costs (e.g. vehicle repairs and household goods).
At the onset of our appointment the Company had around 24,000 loans outstanding spread across approximately 14,500 customers. The Company’s business was and remains authorised and regulated by the Financial Conduct Authority (“FCA”).
Administrators' statement of proposals (2023-10-10) · Companies House register