Thirlmere Deacon LLP (OC423987): administration
- Status
- Administration ended
- Administration began
- 2024-04-12
- Administrators
- Mark Weekes, Paul Stanley
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-09-03
- Location
- Manchester
Why it went into administration
- Property / lease costs
- Rising interest rates
From the administrators' statement
The below statement has been provided by the Company's Designated Members as an explanation to creditors of the events leading up to the appointment of administrators
The Company was founded in late 2018 with four members, Oliver Mohsen-Taheri, Stuart Williams, Alasdair Walker and Andrew Mowat off the back of successful careers in sales and marketing. The Company started trading in September 2018, and by January 2019 had opened its first office in North London and recruited its first salesperson. Business picked up and by August 2019 the Company moved to a new office in Mayfair adding a further 2 members to the team. Early 2020 put the Company on the backfoot somewhat, but the team expanded and adapted to the remote working life whilst continuing to generate income. Unfortunately, growth certainly slowed, until the latter part of the year when the Company expanded the marketing and aftersales side of the business. By mid-2021, the team was creeping up to 20 (including freelancers and remote working members of the business). The Company was selling between 10-20 properties per month consistently, this continued right through to Q3 2022.
Where things slowed down was almost immediately after Liz Truss’ 45 days in power. The banks stopped
Administrators' statement of proposals (2024-06-13) · Companies House register