DRSP Limited (07678656): administration
- Status
- Administration ended
- Administration began
- 2021-08-13
- Administrators' firm
- Begbies Traynor
- Formerly
- IVA Service Provider Limited
- Incorporated
- 2011-06-22
- Location
- Sale
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
DRSP Limited is a claims management company, registered with the Financial Conduct Authority (FCA) with registration number 833456.
In early May 2021 the Company informed the FCA that it wished to change its permissions to cease being a claims management company and to only work as an introducer. The Company stated that it would limit its work to the introduction of claims to third parties and that it would no longer take on any new business by mid May. The Company notified the FCA that it would submit a reduction of permission application to take effect from 1 July 2021.
Ahead of the changes anticipated in the claims management marketplace the Company embarked on a
Administrators' statement of proposals (2021-10-07) · Companies House register