# Priest & Co Ltd (01682825)

> Why UK company 01682825 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01682825

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01682825/filing-history/MzEwMzQ2NDY2NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01682825

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.