A BRADFORD-based Payment Protection Insurance (PPI) claims company has been wound up by the High Court for misusing client funds.
Redress Financial Management Limited, registered at Unit 3, the Courtyard, Midpoint, Thornbury, had been investigated by the Insolvency Service.
The company, trading under the name Redress Claims, charged customers an up-front fee of between £95 and £395 plus a percentage of the fee recovered for PPI services, mis-sold credit card claims, mis-sold mortgage claims and unenforceable credit agreements.
The Insolvency Service found numerous examples of misconduct including misusing client funds, taking unauthorised payments, failing to operate a proper complaints procedure and failing to file statutory accounts and returns.
Investigation supervisor Alex Deane said: “This company operated with flagrant disregard for the rules.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article