# Parabis LAW LLP (OC315763)

> Why UK company OC315763 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/OC315763

- **Status:** Administration ended
- **Administration began:** 2015-11-23
- **Administrators:** Benjamin J Browne, Anne Clare O'Keefe, Peter Mark Saville
- **Administrators' firm:** AlixPartners
- **Incorporated:** 2005-10-21
- **Location:** Manchester

## Why it went into administration

- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Regulatory change or action
- Cash flow / liquidity pressure

## From the administrators' statement

323 A number of factors have impacted the Group in recent years and these are discussed further below

Regulatory change

324 LSA 2007 permitted non lawyers to own and invest in law firms for the first me, bringing about the concept of the ABS

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/OC315763/filing-history/MzEzODcxNDc0NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/OC315763

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.