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Debt & Claims Management Firms - Pentagon (MoneySave)& Atlantic enter administration

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  • Debt & Claims Management Firms - Pentagon (MoneySave)& Atlantic enter administration

    On 13 June 2019, Pentagon (UK) Limited and Atlantic Finance (UK) Limited were placed into administration by KPI (Nominees) Limited, who hold a charge over these firms.


    Trading names of Pentagon include
    MoneySave Solutions,MoneySaveSolutions.com,MyMoneySaveAccoun t.com,Eurodebt Financial Services



    and Atlantic are Atlantic Debt Solutions etc.


    The companies provide debt management services to the UK consumer market. Following the appointment of administrators the firms will not be taking on any new customers. The administrators will conduct an orderly wind down of the business and sale of the assets and start the process of identifying all creditors, in accordance with their statutory obligations. The administrators will continue to work closely with the Financial Conduct Authority (FCA) as the administration process progresses, supporting customers where possible during this period.

    The administrators will write to the customers of both firms directly to notify them of their appointment and to provide information as to what happens next. If customers have any questions in the meantime about their debt management plans they should contact the administrators using the contact details below:

    Pentagon (UK) Limited customers: 0800 804 6969 (within opening hours) or visit the website (link is external).

    Atlantic Finance (UK) Limited customers: 0845 030 3030 (within opening hours) or visit the website (link is external).

    Customers can also get free and impartial guidance from the Money Advice Service by calling 0800 138 7777 or by visiting the website (link is external).

    The FCA will continue to supervise Pentagon (UK) Limited and Atlantic Finance (UK) Limited and we are working with the administrators to ensure that customers are treated fairly. This page will be updated in the coming days with more information on what customers should do in respect of making payments into their debt management plans.


    https://www.fca.org.uk/news/statemen...administration


    Notice on MoneySave website

    The affairs, business and property of Pentagon (UK) Limited are being managed by Stephen Katz and Paul Appleton, appointed as Joint Administrators on 13 June 2019.

    The Joint Administrators act as agents of the Company and without personal liability. Stephen Katz and Paul Appleton are authorised by the Institute of Chartered Accountants in England and Wales to act as an insolvency practitioners.

    MoneySave Solutions is a trading style of Pentagon (UK) Limited. Registered in England & Wales at 7 Franklin Court, Priory Business Park, Bedford MK44 3JZ. Reg. No. 03267970

    Pentagon (UK) Limited is a member of the Debt Managers Standards Association (DEMSA).

    Authorised and regulated by the Financial Conduct Authority | Data Protection Reg. No. Z7134790 | VAT No. 694 3030 35
    Privacy And Cookie Policy
    Tags: None

  • #2
    CAB Money posted :

    Anyone with these firms will very likely need to make alternative arrangements. Advice / other DMP Providers or potential self help (no fees or charges) They might find the CAB free DMP self help links useful (link: https://nedcab.cabmoney.org.uk/dmptour.asp) nedcab.cabmoney.org.uk/dmptour.asp (link: https://nedcab.cabmoney.org.uk/dmptour2.asp) nedcab.cabmoney.org.uk/dmptour2.asp
    “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

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