# Prime Legal Costs Ltd (07703947)

> Why UK company 07703947 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07703947

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07703947/filing-history/MzEzODY5ODEyNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07703947

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