Jelliff Lamprey Partnership Limited (10664218): administration
- Status
- Administration ended
- Administration began
- 2019-09-30
- Administrators' firm
- JWS Business Recovery
- Incorporated
- 2017-03-10
- Location
- Salisbury
- Industry
- 69201 Accounting and auditing activities
Why it went into administration
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
From the administrators' statement
This information is intended to provide creditors with a summary of events and matters which culminated in the Company’s Administration. It is largely compiled from written staternents provided to the Administrator as part of the process by Mrs Andrea Todorov.
The Company was incorporated on 10 March 2017 and commenced trading on 10 May 2017, and was specifically formed to facilitate the purchase as a going concern of an existing business known as the “Rothmans Portsmouth office”, this practice being part of the wider group of offices trading under the Rothman Pantall name. The business which was acquired provided accounting and taxation services for Companies and Personal clients.
The Rothmans Portsmouth office had been operating for in excess of 20 years and had, at the date of acquisition by the Company, a well-established client base with an annual turnover of circa £700,000 - £800,000. The terms under which the Company acquired the business were set out in an Asset Purchase Agreement (“APA”) dated 10 May 2017.
Administrators' statement of proposals (2019-11-26) · Companies House register