# Philip T Jones & Partners Ltd (07958448)

> Why UK company 07958448 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07958448

- **Status:** Administration ended
- **Administration began:** 2022-05-26
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Formby Payroll Centre Ltd
- **Incorporated:** 2012-02-21
- **Location:** Manchester
- **Industry:** 69201 Accounting and auditing activities

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

Full details surrounding the lead up to the administration are contained in the Evaluators Report at Appendix 5, An extract as appropriate is below:

The Company specialises in accountancy and tax consultancy and is led by a team of experienced advisors. The Company was incorporated in 2012, but operated as a partnership for over 20 years prior to incorporation. It operates from leased premises in Southport.

Trading has been significantly adversely affected in recent times and turnover has reduced by 30% from c£500,000 in the year to March 2021, to c£350,000 in the most recent year to March 2022. Profitability reduced in the same period by c70% and the Company has taken on additional liabilities to deal with the financial issues arising.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07958448/filing-history/MzM0MTMxODY0OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07958448

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