Child & Child Limited (05087191): administration
- Status
- Administration ended
- Administration began
- 2019-06-28
- Administrators' firm
- Begbies Traynor
- Formerly
- Child & Child Number 1 Limited; Child & Child Limited
- Incorporated
- 2004-03-29
- Location
- Leeds
- Industry
- 69102 Solicitors
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
- Brexit
From the administrators' statement
The Company carried on the business of a law firm, authorised and regulated by the Solicitors Regulation Authority (‘the SRA’). It was incorporated on 29 March 2004 and its registered office is at Nova North, 11 Bressenden Place, London, England, SW1E 5BY. The law business was originally founded circa 1850. It provided a full range of legal services to a mixture of individual and corporate clients. It had a particular specialism in real estate and residential conveyancing work. The Company employed 94 staff, 52 of which are qualified solicitors. Its annual Turnover for the year ending 31 March 2019 was circa £12.2M.
The directors of the Company are Mr Mohamed Hakim (“MH”) and Mr Khalid Sharif (“KS”), each owning 50% of the issued share capital of the Company.
The principal reason for the insolvency of the Company was because of severe cash flow difficulties which have occurred over the past 12 months, mainly as a result of the following:
Administrators' statement of proposals (2019-07-22) · Companies House register