Seodrap LLP (OC382819): administration
- Status
- Administration ended
- Administration began
- 2023-03-21
- Administrators' firm
- Begbies Traynor
- Formerly
- Pardoes Solicitors LLP
- Incorporated
- 2013-02-25
- Location
- Salisbury
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The business began trading as a partnership in or around the 1920's, providing legal advice to clients in the Southwest region of the UK. The Partnership offered a range of specialisms, and it quickly began to develop an excellent reputation in the local area.
The Partnership's supportive customer base, combined with the employment of a number of key personnel, enabled the Partnership to grow over a period of time. Additional offices were opened across the region and the Partnership was able to trade successfully for a number of years, becoming the largest and longest serving legal firm in Bridgewater.
The Partnership became formally incorporated as a Limited Liability Partnership on 25 February 2013 with three Designated Members initially being appointed. Barclays Bank PLC (“Barclays”) provided loans to both the Partnership to assist with the initial cashflow demands along with loans to the various partners to buy in to the Partnership. Security was granted to Barclays in respect of a fixed and floating charge.
Administrators' statement of proposals (2023-05-15) · Companies House register