Unity LAW Ltd (07348037): administration
- Status
- Administration ended
- Administration began
- 2017-06-02
- Administrators
- Gareth Harris, Keith Allan Marshall
- Administrators' firm
- RSM
- Formerly
- CFA LAW Ltd
- Incorporated
- 2010-08-17
- Location
- Leeds
- Industry
- 69102 Solicitors
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
Brief background
The Company was incorporated on 17 August 2010 and has traded as a regulated solicitor’s practice, principally acting for clients seeking redress for Noise Induced Hearing Loss and disability discrimination under the Equality Act on a contingent no win no fee basis. These cases typically have a lifespan of several years.
The Company's share capital is owned by its three directors Chris Fry (25%), Simon Mallet (50%) and Michael Tod (25%). All three shareholders have been closely involved in the management of the Company's affairs. A fourth director, Jackie Fry, resigned on 31 May 2016 since when Mr Fry has been the sole executive director with responsibility for day to day management of trading and the implementation of the Board’s agreed strategy. Messrs Mallett and Tod are non-salaried directors and their involvement has been limited to regular attendance at Board meetings, strategic management of the business and provision of funding.
Administrators' statement of proposals (2017-08-25) · Companies House register