Fscs

di3004

marshallka wrote: »

Click Finance Limited name is being used again. Don't know if its anything to do with the old "Clicks" though!!! I have checked the OFT register for a licence on it but nothing as yet and just the old Clicks. It does sound though like a finance type company (Click FInance!!). I pity them buying that name if they are nothing to do with these old firms.

No they got away with all of that and must of made millions and are leaving "nice firms" to foot the bill for the few they have not got away with. Either way they always win.

I remember when writing to them Click, I addressed it to the directors, and as usual they get their underhands to deal with these issues.
Even though they could not deal with my case, they did say "on checking, they were aware that we taken out a loan, but confirmed they were not able to deal with it", so they must have had some records of ours on file.

marshallka

The Financial Services Compensation Scheme’s (FSCS) confirmation that it will pursue recoveries from insurers involved in the mis-selling of payment protection insurance (PPI) has triggered debate over where the responsibility for the whole debacle really lies.http://www.insuranceage.co.uk/insurance-age/news-analysis/2046919/fscs-pledges-target-insurers-the-wake-court-ppi-ruling

di3004

marshallka wrote: »

The Financial Services Compensation Scheme’s (FSCS) confirmation that it will pursue recoveries from insurers involved in the mis-selling of payment protection insurance (PPI) has triggered debate over where the responsibility for the whole debacle really lies.http://www.insuranceage.co.uk/insurance-age/news-analysis/2046919/fscs-pledges-target-insurers-the-wake-court-ppi-ruling

That sounds hopeful.
Shame this was not brought into action before really, especially the ones not covered by FSA back in previous years.

di3004

From 2005

http://www.accountancyage.com/aa/feature/1784910/stop-phoenix-rising-ashes

Stop the phoenix rising from the ashes.

Losing money when a client or customer goes into liquidation is annoying enough. But when the individuals behind the insolvent company start trading again soon after, from the same premises and in the same line of business, questions will always arise as to whether company law is being abused.

The law recognises each individual company as being an independent entity. As long as it complies with the standard registration formalities, a new company is treated as having an existence of its own and has no responsibility for the debts that may have brought down other companies run by the same individual or individuals. So, annoying though it may be, there is nothing illegal in itself in the business of an insolvent company being effectively continued under the guise of a brand new company.

But there are remedies that unpaid creditors can explore. Under the Insolvency Act 1986, any person who has been a director (or shadow director) of a company may not, within 12 months of it entering into insolvent liquidation, become a director, or be in any way involved in the formation or management of another company that operates under the same or a similar name to the insolvent one.
A person who does so not only commits a criminal offence but also becomes personally liable for the debts of the 'phoenix' company that are run-up during the period of his or her involvement. The restriction applies for five years from the date of the first company's liquidation

The restriction applies in respect of both new companies and pre-existing companies - so if a pre-existing company has such a similar name as to suggest an association with the insolvent company, a director of the insolvent company may not be involved with it. And if a new or existing company continues to use a name that suggests an association with the insolvent company, a director still risks being caught.
These provisions take effect when the 'phoenix' company becomes insolvent and must be wound up. If the company can't pay its debts, then the offending director or directors are personally liable on a joint and several basis. Such actions are becoming more and more common.

So if you find yourself in a situation where your insolvent debtor appears to have revived itself in some form or other, consider firstly whether the name of the new business is sufficiently similar to that used by the previous one as to suggest an obvious association. You can browse the online list of current and dissolved corporate names on the Companies House website, at www.companies-house.gov.uk.
You can then check if the individuals behind the insolvent company are formally involved with the 'phoenix' company.

If they are not formally involved, but operate behind the scenes, then this may not be so easy to establish. But if you can, the shadow directors and their 'front men' will both be liable on exactly the same basis.

di3004

It looks like the directors of Click are chasing for compensation lol.

http://www.moneymarketing.co.uk/adviser-news/click-closes-gi-business-after-payment-row/1024143.article

Click closes GI business after payment row

6 January 2011

Non-advised protection firm Click has shut its general insurance business, resulting in 80 job losses, with GI staff getting no pay or commission for December.
The GI arm, which sold home insurance from the company’s Northwich office in Cheshire, was closed down on December 22.


More on the link posted above.

di3004

http:

Click

Steve T - Director

Financial Services industry
March 2000 – Present (11 years 4 months)
Founded Click in 2000 and now grown to 300 staff creating the UK's largest Life Insurance brokerage.

Now looking to re-create the model for other products starting with General insurance.

Offices in Farnham and Northwich.

Always looking for positive staff at every level who want to make a difference and be part of something special.

marshallka

di3004 wrote: »

It looks like the directors of Click are chasing for compensation lol.

http://www.moneymarketing.co.uk/adviser-news/click-closes-gi-business-after-payment-row/1024143.article

Click closes GI business after payment row

6 January 2011

Non-advised protection firm Click has shut its general insurance business, resulting in 80 job losses, with GI staff getting no pay or commission for December.
The GI arm, which sold home insurance from the company’s Northwich office in Cheshire, was closed down on December 22.


More on the link posted above.

PMSL..... what a set up!!!!

marshallka

di3004 wrote: »

http:

Click

Steve T - Director

Financial Services industry
March 2000 – Present (11 years 4 months)
Founded Click in 2000 and now grown to 300 staff creating the UK's largest Life Insurance brokerage.

Now looking to re-create the model for other products starting with General insurance.

Offices in Farnham and Northwich.

Always looking for positive staff at every level who want to make a difference and be part of something special.

And this

http://www.insiders-view.co.uk/click-policy-holders-in-trouble/001090

di3004

marshallka wrote: »

And this

http://www.insiders-view.co.uk/click-policy-holders-in-trouble/001090

The shoe is on the other foot now, lol.

marshallka

One good thing Di for you that is, Mr T and Mr F are registered on the FSA website as "inactive" now!!

http://www.fsa.gov.uk/register/indivHistory.do?sid=538890

Seems like they are NOT directors of any firm ATM.