Joseph James (LS) Limited (09941975): administration
- Status
- Administration ended
- Administration began
- 2024-04-05
- Administrators' firm
- FTS Recovery
- Incorporated
- 2016-01-08
- Location
- Milton Keynes
- Industry
- 69109 Activities of patent and copyright agents; other legal activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses
- Loss of key people
From the administrators' statement
The Company was incorporated on 8 January 2016 and commenced trading under the name Jospeh James Law (“JJL”), operating as a Law firm specialising in debt recovery, clinical negligence and flight claims. In a short few years the Company experienced exponential growth and expansion, allowing number of employees to increase from 2 to 22 with an additional 18 sub-contracted from an external outsourcing firm. The Company operates from two sites being, Milton Keynes (acting as head office) and Stockton-On-Tees. On incorporation the director of the Company was Andrew Joseph James Settle, who was the founder of the business and still currently remains in office as present sole director.
The business invested heavily in technology and innovative tools to enable them to deliver a service to its customer base at less than market rates.
The Company utilised two sites, details of which are provided below:
Administrators' statement of proposals (2024-04-24) · Companies House register