Corsi & Partners Reinsurance Brokers Limited (02614233): administration
- Status
- Administration ended
- Administration began
- 2017-07-28
- Administrators
- Michael Kiely, Peter Kubik
- Administrators' firm
- Insolvency Practitioners of Uhy Hacker Young
- Formerly
- Nevrus (556) Limited
- Incorporated
- 1991-05-23
- Location
- London
- Industry
- 65120 Non-life insurance
From the administrators' statement
The director of the Company was looking at winding the business down and took legal advice from Withers LLP to advise on the process.
The most recent account as at June 2015 showed a debtor figure of £17,575,189 and creditors in the sum of £20,924,469. The Company had for the last few years been trying to establish the financial position in relation to the debtors, but unfortunately, they had been unable to get the information and had effectively been stonewalled.
Sadly, the former director Sergio Corsi died in a car accident, and he was the person who had the knowledge of the debtors which hindered the reconciliation.
Administrators' statement of proposals (2017-09-29) · Companies House register