# Ascot Lawyers Ltd (08237614)

> Why UK company 08237614 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08237614

- **Status:** Administration ended
- **Administration began:** 2018-06-29
- **Administrators:** Andrew Poxon, Mike Dillon
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2012-10-02
- **Location:** Manchester
- **Industry:** 69102 Solicitors

## Why it went into administration

- Cash flow / liquidity pressure
- Management failings / irregularities
- Regulatory change or action

## From the administrators' statement

3.1 The Company was incorporated on 02 October 2012 however the Company remained dormant until 1 August 2015. Initially the business traded as a Partnership with Neil Somerville being joint partner. The business began to trade as a limited entity on 1 August 2015.

3.2 The Company latterly traded from leasehold premises at Acentia House, Lyndhurst Road, South Ascot. The principal trading activity of the Company was solicitors a practice. The Company is authorised by the Solicitors Regulatory Authority (“SRA”) under authorisation number 622771. The Company employed 22 staff.

3.3 The Company was funded by way of a disbursements funding facility from Novitas, who hold security by way of a debenture, incorporating fixed and floating charges created on 28 July 2018. A sum of £354,000 remains outstanding to Novitas.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08237614/filing-history/MzIxMzc1NDA1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08237614

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