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Sandstone Legal Limited (10998083): administration

Status
In administration
Administration began
2025-02-21
Administrators
Jessica Thomas, Philippa Smith
Administrators' firm
Leonard Curtis
Incorporated
2017-10-05
Location
Leeds
Industry
69102 Solicitors

Why it went into administration

From the administrators' statement

The Company was incorporated as Sandstone Legal Limited ("the Company”) on 5 October 2017 and commenced trading as licensed solicitors under the trading name Sandstone Legal. On incorporation, the director was Marius Adrian Sandulescu (resigned 26 January 2024) who was the sole shareholder of the Company. Please be advised that all shares were transferred to Andrew Settle on 21 June 2023 which is the same date that both Mohammed Esa (resigned 22 July 2024) and Andrew Settle were appointed directors of the Company.

The Company operates as a provider of legal services specialising in flight compensation claims, Plevin PPI claims, housing disrepair claims (‘HDR’) and debt recovery. All of the Company's services were carried out on a ‘no win, no fee’ basis, meaning that the Company only receives payment for its services in the event of a successful claim.

Given the approach noted above the Company often sought funding from third parties to enable them to cover the costs necessary to purchase and progress client's claims. Significant debts remain outstanding relating to funds invested by such funders.

Administrators' statement of proposals (2025-04-28) · Companies House register

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Sandstone Legal Limited (10998083)

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