Quanta LAW Limited (11221126): administration
- Status
- Administration ended
- Administration began
- 2023-06-19
- Administrators
- Paul Stanley, Dean Watson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-02-22
- Location
- Manchester
- Industry
- 69102 Solicitors
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Background to the events leading up to the Administration The Director of the Company has provided the following history of events.
The Company was incorporated in February 2018 and traded as a law firm specialising in the management of financial mis-selling claims on behalf of their clients. Although most of the Company’s caseload related to claims for mortgage mis-sale and overcharge, it also assisted claims for SIPPs, Pensions, High-Cost Loans, Tenancy Deposits, Motor Finance (PCP), Business Energy, Guarantor Loans (Amigo), Plevin, Annuties and PPI Miscalculation. The majority of the caseload being non-litigious claims that were pursued under Statutory Redress Schemes.
The Company and its Clients utilised various sources of funding to fund upfront costs and disbursements for each case from specialist litigation funders such as Claims Finance & Administration Co Ltd t/a Nera Capital (“Nera”), Affiniti Finance Limited (“AFL) and Specialist Lending Ltd t/a Duologi (“Duologi’).
Administrators' statement of proposals (2023-08-21) · Companies House register