F.J. Lock & Associates Limited (02328020): administration
- Status
- Administration ended
- Administration began
- 2016-03-01
- Administrators
- Christopher Laughton, Peter John Godfrey-Evans
- Administrators' firm
- Antony Batty
- Formerly
- Jestdyne Limited
- Incorporated
- 1988-12-13
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 13 December 1988 The Company’s primary business was an insurance broker acting as an intermediary between commercial clents and tnsurance providers
On 1 May 2015 the insurance brokerage business and assets of the Company were sold to Trimulgherry Investments Limited (“Trimulgherry”) for a total consideration amounting to £1,292,500 Upon completion of the contract the business was transferred to Trimulgherry and the Company ceased to trade After the sale was completed, Trimulgherry transferred the business to a subsidiary company, Allcover insurance Brokers Limited (“All Cover’), which trades under the name LDS Associates
The terms of the contract, subject to a calculation which takes into account the levels of client renewals and new clients introduced by sources of the Company, included deferred sale consideration to be paid as follows
Administrators' statement of proposals (2016-05-06) · Companies House register