Prime Legal Costs Ltd (07703947): administration
- Status
- Administration ended
- Administration began
- 2015-12-03
- Administrators
- Paul A Palmer, Jeremy Paul David Oddie
- Administrators' firm
- CHO Hine Associates
- Incorporated
- 2011-07-13
- Location
- Manchester
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
• Clents being more critical and applying more scrutiny to reduce the Company’s fees resulting in lower invoice returns
& The Company’s financial position was further adversely affected in 2015 as a direct consequence of the Jackson reforms
• Management information and Key Performance Indicators
Administrators' statement of proposals (2015-12-31) · Companies House register