FL 2020 Limited (09248311): administration
- Status
- Administration ended
- Administration began
- 2020-05-04
- Administrators
- Patrick Alexander Lannagan, Conrad Alexander Pearson
- Administrators' firm
- Mazars
- Formerly
- Fletcher Longstaff Limited
- Incorporated
- 2014-10-03
- Location
- Manchester
- Industry
- 69102 Solicitors
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses
- Rising interest rates
- Brexit
From the administrators' statement
The Company was incorporated on 3 October 2014 by Adam Cheal (‘the Director”) for the provision of Conveyancing Services to the general public. The Director was a Licensed Conveyancer with 10 years of prior experience in Conveyancing. The aim for the business was to provide solely Conveyancing with a specific focus on client care.
Trading commenced in May 2015 after the Director’s notice expired with his previous employer. The Company occupied a shared office in North Hykeham, Lincoln with the Director working alone for the first year of trading completing all aspects of the business.
Initially work was largely won via referrals from local estate agents in addition to clients being won directly and also repeat clients from the Director’s previous employment.
Administrators' statement of proposals (2020-05-27) · Companies House register