Mysolicitor.Com Limited (06467253): administration
- Status
- Administration ended
- Administration began
- 2019-05-20
- Administrators
- Paul Stanley, Gary Norton Lee
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2008-01-08
- Location
- Manchester
- Industry
- 69102 Solicitors
Why it went into administration
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The shares in Mysolicitor.com Limited (“the Company”) t/a Keypoint Law were acquired by KG Solicitor Limited (“KG”) in August 2012 in order to acquire a significant number of cases in the care fee recovery sector.
The business was located in rented premises in Doncaster and employed approximately 12 people. A consultant involved in running the existing business, David Oxley, was retained to run the day to day operations with KG visiting on a weekly basis for management meeting purposes.
KG was required to fund the operation significantly whilst the cases reached their conclusion which was to be approximately 18 months given prior experience. The volume of cases acquired and the slow down in the NHS dealing with cases to 5 years meant that the Company outsourced certain aspects of the process being collection of medical records and the preparation of some expert medical reports.
Administrators' statement of proposals (2019-06-18) · Companies House register