Plexus Legal LLP (OC416421): administration
- Status
- Administration ended
- Administration began
- 2023-07-07
- Administrators
- James Richard Clark, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2017-03-16
- Location
- Leeds
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Management failings / irregularities
- COVID-19
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
Legal was incorporated on 16 March 2017 and along with North and Law are referred to as the Group. In 2017 the Plexus Group acquired certain business and assets of the former legal business Paribas law.
At the date of the Joint Administrators’ appointment, the Group had 23 fixed share members (FSMs), 44 salaried partners and 573 additional members of staff.
3.2 Funding and financial position of the LLP
Administrators' statement of proposals (2023-08-18) · Companies House register