Troubled Debt Collection firm put into liquidation

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A Merseyside based Debt Collection Agency has been put into voluntary liquidation following a turbulent past couple of years.

Liverpool based ‘Final Demand Limited’ had been receiving negative reviews around the net. For the past few years the company had been enduring a wrath of disgruntled clients expressing their dissatisfaction with the services received.

On their website, the company claimed of having large PLC’s as their clients and even Top flight English Soccer teams.

Yet, tales of scheme fees being paid and collected monies being unlawfully withheld became an all too familiar story yet amazingly they still managed to attract companies with their promises of a fabulous ‘No Win – No Fee’ debt collection service.

The No win No fee debt collection agency service was promised AFTER a lifetime membership fee was paid upfront. Many complainants from various business and complaint forums complained that monies were collected and never passed on,

Earlier this month, Final Demand entered into a voluntary liquidation with a stack of unpaid County Court judgements. Judgments from suppliers and clients alike eventually took their toll.

It is believed the company was also facing a winding up petition from Her Majesty’s Revenue and Customs over unpaid tax payments.

As well as leaving a plethora of its clients out of pocket, former staff also complained of not being paid.

Final Demand’s Managing Director is listed as 68 year old Colin McShane.

Anybody affected by the insolvency of Final Demand Ltd is advised to contact HCS Insolvency who are said to be dealing with the matter.

 

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