Shammah Nicholls LLP (OC329653): administration
- Status
- Administration ended
- Administration began
- 2012-09-28
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-07-06
- Location
- Manchester
Why it went into administration
- Rising costs / inflation
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The Partnership was formed in 2007 as a legal practice
The major creditors of the Partnership were Allied Irish Bank Group UK Plc (‘the Bank”) and former Members of the LLP
In 2012 the Partnership began to suffer trading and financial difficulties and was unable to generate sufficient profits from the business to repay the former Members, service the Bank’s indebtedness and maintain the business of the Partnership
Administrators' statement of proposals (2012-11-29) · Companies House register