Cooper Carter Claremont Limited (03599668): administration
- Status
- Administration ended
- Administration began
- 2011-06-27
- Administrators
- John Walters, Jonathan James Beard
- Administrators' firm
- Begbies Traynor
- Formerly
- Sussex Conveyancing Ltd; Well, Stuff MY OL' Boots Ltd; Lianco Limited
- Incorporated
- 1998-07-17
- Location
- Brighton
- Industry
- 7411
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
On 1 July 1985 a single partnership of 5 partners was formed from 3 existing practices, Coopers (established 1760s), Adnan Carter & Co (established 1980) and Chas J Odhams (established 1950)
The partnership traded from offices in Eastbourne & Hailsham and the firm then known as Cooper Carter & Odhams traded successfully until the downturn of the late 1980s and early 1990s in an effort to build the business the partnership took in the firm of Claremont & Co in 1991 however this was not a success and by 1996 it had become necessary to take steps to reduce costs The Eastboume property was sold at a loss of approximately £65,000 and the practice continued to trade from Hailsham as Cooper Carter Claremont Solicitors
Shortly after, a partner and key fee eamer left to go to one of the partnership’s major chents in Hailsham to be their in-house legal department. The partnership continued to trade with 4 partners until three of the partners (2 being of retirement age) decided to withdraw from the partnership They paid £140,000 to obtain their release from their liabilities associated with the partnership which assisted the business’s short term position Adnan Carter became the sole principal
Administrators' statement of proposals (2011-08-16) · Companies House register