Vantage LAW Solicitors Limited (07355463): administration
- Status
- Administration ended
- Administration began
- 2017-11-02
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-08-24
- Location
- Preston
- Industry
- 74990 Non-trading company
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 24 August 2010 by Mark Pollard for the purpose of providing a personal injury specialist law firm.
Historically the Company had trading profitably and since the commencement of trade, had only suffered one year where the Company had made a loss.
This loss in 2013, followed a year of legislation changes in addition to the Company developing other departments. In 2013 the government introduced a fixed cost regime into the PI sector. This had a detrimental effect on trade and in response, the Company diversified into private client areas.
Administrators' statement of proposals (2018-01-05) · Companies House register