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Home » Lenders » Different Money Limited

Different Money Limited is a Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors. It is a private limited company.

Different Money Limited’s Background

On December 13, 2012 the articles of incorporation was filed under the name of Brookfield Rose Subsidiary 1 Limited. The company’s first directors were Matthew William Sanders and Shaun Webb. However on February 7, 2013 a resolution was filed to change the name of the company to Mymate Financial Solutions Limited and was approved by the Registrar of Companies for England and Wales on the same date.

After its initial launching, the company undertook intensive marketing strategies between May-July 2013 including TV advertising to establish strength of systems, processes and controls. However on November 3, 2014 a change of name was filed from Mymate Financial Solutions Limited to Different Money Limited. From June 28, 2013 to November 25, 2014, several appointments were made to fill up several positions in the hierarchy the last of which is the appointment of Mr. Craig Anthony Ward as Director. An Annual return made up to November 21, 2014 with full list of shareholders Statement of capital. On January 27, 2015, a Statement of Capital following the allotment of shares on Dec 12, 2014 was declared.

On March 7, 2015 Mr. Murray Smith resigned as the accountant of the company followed by the termination of appointment of Mr. James Christopher Fellows as Director on September 4, 2015. Another accounting firm was hired but on December 22, 2015 PricewaterhouseCoopers LLP resigned as auditor of Different Money Limited.

Based on the Annual Report for the year ended December 31, 2014 which was submitted on September 30, 2015 it was noted that the company applied to Financial Conduct Authority (FCA) for full authorization. Nevertheless future business of the company depends on its approval. It is a pre-requisite for further investment in the company by its current owner and other external investors. Should full authorization from FCA will not be granted, Different Money Limited will cease to operate within its current market of High Cost Short Term Credit Industry in U.K. Currently the company is depending on its existing financial facilities and support from the owner to meet its working capital requirements.

Pending on the results of the application files to FCA, the company has concentrated on developing marketing through organic traffic and search engine optimization, delivery of improvements in online user navigation, maximizing productivity of operational resource and system functionality and fine-tuning the compliance, collections, data verification and administration support functions.

However even with all these efforts made by the company, On January 15, 2016 up to January 25, 2017 there was a series of Termination of Appointments. Out of the 10 officers, 9 resigned with just Mr. Matthew William Sanders, the only Director who stayed with the company as of this writing.
On March 8, 2017 a resolution to wind up was filed. The document is being processed and will be made available within 5 days. Mr. Paul W. Barber and Mr. Paul Stanley were appointed as liquidators of Different Money Limited on February 23, 2017. The appointment was by Members and Creditors.

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