ME Group Holdings Limited (10527022): administration
- Status
- Administration ended
- Administration began
- 2022-08-30
- Administrators
- Anthony Collier, Simon Farr
- Administrators' firm
- FRP Advisory
- Incorporated
- 2016-12-15
- Location
- Manchester
- Industry
- 64205 Activities of financial services holding companies
Why it went into administration
- Creditor pressure / legal action
- Parent or group failure
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 15 December 2016 and acted as the holding company for its current two subsidiaries ME Outsourcing Limited and ME Finance and Investments Limited. It should be noted that both subsidiaries have entered Creditors’ Voluntary Liquidation on 12 August 2022 and 22 September 2022 respectively. The current Group structure is presented opposite.
The Company operated from a leasehold trading premises at The Lakehouse, Cheadle Royal Business Park, Cheadle, SK8 3AX. At the date of appointment, all staff in the Group were employed by ME Outsourcing Limited.
The Group provided Legal Tech services to UK law firms and, more recently, litigation funding to UK law firms. The latter of those services was reliant upon debt capital being provided by third party investors to facilitate the ongoing provision of loans to UK law firms.
Administrators' statement of proposals (2022-10-26) · Companies House register