Priest & Co Ltd (01682825): administration
- Status
- Administration ended
- Administration began
- 2014-05-13
- Administrators
- Kirstie Jane Provan, Irvin Milton Cohen
- Administrators' firm
- Begbies Traynor
- Formerly
- Plattosk Limited
- Incorporated
- 1982-11-30
- Location
- London
- Industry
- 65120 Non-life insurance
Why it went into administration
- Sustained trading losses
- Regulatory change or action
- Creditor pressure / legal action
From the administrators' statement
The Company is a well established Lloyd’s insurance broker, regulated by the Financial Conduct Authority ("FCA") The Company acts for both wholesale (1e other brokers without access to the Lloyd's market) and retail customers in talloring insurance cover and placing this business with insurance underwriters, both in the Lloyd’s market and the company market (1e “normal” insurance companies)
In 2006 Mr Jeremy Priest and Mrs Anne Pnest sold a controlling stake in the Company to Lovat Management Limited ("Lovat”) Representatives of Lovat were appointed to the Board of the Company, and the Company subsequently enjoyed a phase of growth
Following this growth phase, the Company comprised of five divisions, namely
Administrators' statement of proposals (2014-07-09) · Companies House register