Futurelex Limited (05792730): administration
- Status
- Administration ended
- Administration began
- 2014-12-18
- Administrators
- Steven Edward Butt, Michael David Rollings
- Administrators' firm
- EY
- Formerly
- Polyview Media Limited
- Incorporated
- 2006-04-24
- Location
- London
- Industry
- 58190 Other publishing activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Loss of key people
- Competition / price pressure
- Weather / natural events
From the administrators' statement
The Company was incorporated on 24 April 2006 as Polyview Media Limited The Company was set up as 4 legal portal for those requiring divorce advice Its target market was the private client divorce market Shortly after the launch of the divorce portal, the Company founded takelegaladvice com, an online legal comparison website which targeted the competitive legal services market (In 2009 the Company raised funds from a venture capitalist to fund the expansion of takelegaladvice com
Later in 2009, as a consequence of the economic climate and a general slowdown in the Company's core market, the Company reviewed and changed Its strategy In that year the Company acquired European Lawyer Reference ("ELR") from European Lawyer Limited and subsequently purchased the remaining assets of European Lawyer Limited out of administration
The Company changed to its current name on 5 March 2010 as the Company looked to rebrand
Administrators' statement of proposals (2015-01-26) · Companies House register