Alexander Grace LAW Limited (10337071): administration
- Status
- Administration ended
- Administration began
- 2023-07-28
- Administrators
- Paul Stanley, Dean Watson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-08-19
- Location
- Manchester
- Industry
- 69109 Activities of patent and copyright agents; other legal activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Regulatory change or action
From the administrators' statement
The Company traded as a law firm that provided services relating to property, probate, wills and private client
work needs.
In May 2023, the directors began a controlled closure with an initial view to completing this process by September 2023. In doing this, the Company could recover work in progress which would have been sufficient to reduce the Company’s debts. The Company had however accumulated a significant debt due to HM Revenue & Customs (“HMRC”) and its attempts to negotiate a Time to Pay Arrangement were unsuccessful. HMRC confirmed its intention to instigate winding up proceedings against the Company. This issue was exacerbated by the Company’s insurers refusing to extend insurance cover post June 2023 and it was therefore agreed with their regulators, the Council for Licensed Conveyancers (the “CLC’”), that the Company would cease trading, which it did on 30 June 2023.
Administrators' statement of proposals (2023-09-30) · Companies House register