DBS LAW Limited (04598943): administration
- Status
- Administration ended
- Administration began
- 2018-10-09
- Administrators
- Wayne Harrison, Eric Walls
- Administrators' firm
- RMT Accountants & Business Advisors
- Formerly
- Davy BAL Solicitors Limited; Davy BAL Compensation Solicitors Limited
- Incorporated
- 2002-11-22
- Location
- The Parklands
- Industry
- 69102 Solicitors
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The history and events leading to the appointment of the Administrators were detailed in the Administrators’ SIP 16 report issued on 11 October 2018, but are summarised below.
The Company operated as a professional services company primarily in the legal sector, authorised and regulated by the Solicitors Regulation Authority (“SRA”). It was incorporated in November 2002. The Company was the incorporated entity of Mr Davinder Singh Bal’s existing legal practice which was initially set up in October 1999 trading as ‘Claim Today’. The main focus of the Company was in the personal injury sector. Typically the Company’s clients had suffered serious injury as a result of conditions in the work place or public spaces. In addition the Company also delivered client services via the Company's private client, family law and property departments.
In October 2017 creditors were notified that the directors, with assistance from KSA Group Ltd (“KSA”), were preparing a CVA proposal. lt was felt then that a CVA, in conjunction with a possible refinancing of the Company's secured debt and/or additional investment, would allow the Company to survive and provide the best outcome for creditors as a whole.
Administrators' statement of proposals (2018-12-03) · Companies House register