Scarwood Ltd (10280920): administration
- Status
- Administration ended
- Administration began
- 2017-12-12
- Administrators
- Gilbert J Lemon, Richard Lewis
- Administrators' firm
- Evelyn Partners
- Incorporated
- 2016-07-15
- Location
- Bristol
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 15 July 2016 in order to acquire the share capital of EMCAS as part of an MBO. EMCAS and its subsidiaries operate as a claims management business. EMCAS’s only trading subsidiary is PPI Claimline Limited which now undertakes only limited trading. The two other subsidiaries are largely dormant. Group turnover is approximately £10 million.
The Company’s registered office was formerly Horizon House, Guardian Road, Exeter Business Park, Exeter, EX1 3PD. EMCAS also operated from that address in addition to other premises in Paignton, Torquay and Taunton. EMCAS employed circa 300 staff across its offices at the date of appointment.
The registered office of the Company was changed to the joint administrators’ offices on 5 January 2018.
Administrators' statement of proposals (2018-02-13) · Companies House register