Staveley Head Limited (02802585): administration
- Status
- Administration ended
- Administration began
- 2020-02-05
- Administrators' firm
- Kroll
- Incorporated
- 1993-03-23
- Location
- Manchester
- Industry
- 66220 Activities of insurance agents and brokers
From the administrators' statement
The Company held a three year Binding Authority Agreement dated 1 July 2017 with its main insurer Gefion. which was terminated by Gefion in November 2019.
This had a significant impact on the business as the main insures accounted for circa 85% of the Company's revenue.
in view of the above, the Directors made efforts to obtain new insurance providers. Unfortunately. this proved unsuccessful and consequently steps were taken to place the Company into Administration.
Administrators' statement of proposals (2020-04-15) · Companies House register