# Taylor Legal Limited (07233962)

> Why UK company 07233962 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07233962

- **Status:** Administration ended
- **Administration began:** 2013-10-14
- **Administrators' firm:** Law Recovery Group
- **Incorporated:** 2010-04-23
- **Location:** Leeds
- **Industry:** 69102 Solicitors

## Why it went into administration

- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

Taylor Legal Limited (“the Company”) (“Taylor”) was incorporated on 23 April 2010 as a regulated firm of solicitors operating in the Crewe/Cheshire region The firm was regulated by the Solicitors Regulation Authority (‘SRA’), and had to conduct its business pursuant to the SRA recognised bodies regulations

Banking facilities were provided by Lloyds Bank Ple (“Lloyds”) (“the Bank”), who provided both an office account and client account Lloyds provided an overdraft facility of £10,000

In March 2011 the company purchased the business and assets of Taylor Hollinshead Limited The sale included the goodwill, client contracts, client debts, work in progress, and all office fixtures and fittings

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07233962/filing-history/MzA5MTcyOTcwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07233962

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