Momenta Holdings (PPI) Limited
On 13 May 2024 Tom Crookham and Rob Lewis were appointed as Joint Liquidators of Momenta Holdings (PPI) Limited ("the Company").
The Company is part of a wider group which provides outsourced support services, placing financial professionals into companies with extended resource requirements. The Company in particular provides resource in respect of claims relating to the mis-selling of PPI.
To process these claims, the Company had a business relationship with a third party law firm, with the Company providing resource and claims management, and the third party providing legal services.
In early 2023, a breakdown in this business relationship led to formal proceedings being issued against the third party. A subsequent counterclaim was then received back from this party and there has been an ongoing legal dispute since.
The lengthy nature of these proceedings as well as the loss of ongoing revenue means the Company no longer has the resources or assets to cover the ongoing costs of the legal proceedings.
As a result of the above, on 18 April 2024, the sole director of the Company, with support from the wider group resolved to place the Company into Creditors’ Voluntary Liquidation.
The wider group remains solvent and is funded by Tikehau Investment Management SAS (“Tikehau”), who are also the majority group shareholder and supportive of the Company’s liquidation.
The Company has no employees.
Please email uk_momentaholdings_enquiries@pwc.com for all enquiries.
Documents to download
