Plexus North LLP (OC423092): administration
- Status
- Administration ended
- Administration began
- 2023-07-07
- Administrators
- Richard John Harrison, James Richard Clark
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2018-06-25
- 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- Funding withdrawn / unable to refinance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
North was incorporated on 25 June 2018 and along with Legal and Law, form the Plexus Group.
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. Of this, North
had 2 FSMs, 2 salaried partners and 13 additional members of fee earning and support staff.
Administrators' statement of proposals (2023-07-31) · Companies House register