Nurture Financial Planning Ltd (06772908): administration
- Status
- Administration ended
- Administration began
- 2019-05-02
- Formerly
- Premier IFA Ltd.
- Incorporated
- 2008-12-15
- Location
- Norwich
- Industry
- 66190 Activities auxiliary to financial intermediation n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in December 2008 by Simon Linstead, lan Goody and George loannou to provide financial advisory services through Independent Financial Advisors (“IFA's’). Mr Linstead has worked in the financial industry for over 20 years dealing with all aspects of financial planning.
The Company initially traded as Premier IFA Ltd and had reached a turnover of £1,292,172.06 in 2017. The Company employed 2 IFA's, 5 self-employed IFA’s and several other members of staff such as paraplanners and administrators. The Company was responsible for paying a monthly fee to the IFA’s in respect of the commissions and fees generated from clients and in retum the Company retained a percentage of 35% of the funds received.
Alongside pensions and investment advice, the Company also provided Will Writing and Estate Planning under the trading name Nurture Estate Planning from the trading address at Yare House, Thorpe Road, Norwich, NR7 ONS.
Administrators' statement of proposals (2019-07-15) · Companies House register