Lealaw Limited (06629418): administration
- Status
- Administration ended
- Administration began
- 2013-12-23
- Administrators
- Kevin Gerald Murphy, Julien Robert Irving
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2008-06-25
- Location
- Manchester
- Industry
- 69102 Solicitors
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Lea & company commenced trading in March 1991 and was founded by Stephen Lea to deal with media and entertamment work In 1993 Mr Lea moved the business to Stockport and took on a domestic conveyancer and a litigator In 1998 Alan Berry joined the practice to develop a commercial and commercial property department The fim was tnitally a partnership and then transferred to a limited company in 2011 in the name of Lealaw Limited
The Company traded profitably for a number of years as a Solicitors Practice providing legal advice and specialising in media entertainment commercial, business, commercial property and litigation
The firm evolved and commercial and commercial property work expanded however the domestic conveyancer within the firm was investigated in 2010 regarding certam transactions wherein it became clear he had been negligent When the Legal insurance market changed in 2012/13 the firm was unable to secure professional indemnity insurance cover for 2014 and consequently had no choice but to secure run off cover insurance and seek an orderly wind down of the business determined by the Solicitors Regulation Authonty ("SRA")
Administrators' statement of proposals (2014-02-04) · Companies House register