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Latest Update 24/5 from AABRS for Compass / RMR

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  • #31
    I don't know - I doubt it though. Their interest is in getting as much money back for creditors so an ICO fine wouldn't be too attractive.

    You could have been anyone - and that personal data they just chucked out the back could have been valuable in the wrong hands.
    “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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    • #32
      Debt management firm boss and former Derby MP's husband gets banned from running companies

      Robert Solloway cannot be the director of a company until 2029
      • A debt management firm boss has been banned from running a company for 11 years after a government body said his firm "mismanaged funds".

        Robert Solloway - the husband of former Derby North MP Amanda - was a director along with two other men at RMR Financial Services Limited, which traded as Compass Debt Counsellors.
      • But the firm went into voluntary liquidation in March 2016 and investigations uncovered more than 750 claims from creditors, who had not received their funds, according to the Insolvency Service.

        The Insolvency Service has now criticised the firm's former directors, including Mr Solloway, Mark James Harrison and Richard Ian Mott.

        It said the directors showed a lack of awareness which resulted in clients "some of whom were in vulnerable situations" losing out
      The Insolvency Service said the company mismanaged funds.

      This was recently posted in the Derby Telegraph

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      • #33
        Thanks Tango. It's weird how it took so long to reach the press when the order was back in April. But any publicity is good really. 'Mismanaged' is an understatement somewhat.
        Between 29 July 2002 and 30 March 2016 a total of £36,918,391.04 was received by RMR from its clients. Of this amount £17,468,070.05 was paid to the creditors of clients, whilst £2,729,121.24 was returned to clients as refunds or withdrawals. The remaining funds were used to fund the company’s own expenses of which £3,363,526.29 was paid for the benefit of the directors, including direct payments of £894,525.51 to Mr Solloway. A further £141,900 was paid to members of Mr Solloway’s family.
        The word, 'mismanaged', doesn't appear in the insolvency service text.
        “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

        Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

        If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

        Find Solicitors offering fixed fees on our sister site - JustBeagle.com

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        • #34
          Link to the Derby Telegraph article - https://www.derbytelegraph.co.uk/new...ellors-1671603
          “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

          Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

          If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

          Find Solicitors offering fixed fees on our sister site - JustBeagle.com

          Comment

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