# Futurelex Limited (05792730)

> Why UK company 05792730 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05792730

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05792730/filing-history/MzExNjA1NDc5NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05792730

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.