# DRSP Limited (07678656)

> Why UK company 07678656 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07678656

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07678656/filing-history/MzMxNTk4NzA4NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07678656

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.