SSB Group Limited (11620680): administration
- Status
- Administration ended
- Administration began
- 2024-01-04
- Administrators
- Anthony Collier, Kelly Burton
- Administrators' firm
- FRP Advisory
- Incorporated
- 2018-10-12
- Location
- Manchester
- Industry
- 69102 Solicitors
Why it went into administration
- Parent or group failure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Regulatory change or action
From the administrators' statement
The Company experienced cashflow pressures due to a culmination of the following factors:
• Challenges in the CWI case portfolio and subsequent pressure on case progression, settlements and adverse cost orders, not all of which was recoverable through ATE insurance;
• Overhead cost base geared towards volumes greater than the current case load;
Administrators' statement of proposals (2024-01-11) · Companies House register