Invocas Group PLC (SC295886): administration
- Status
- Administration ended
- Administration began
- 2017-04-20
- Administrators
- Paul Steven Cooper, Stephen Mark Katz
- Administrators' firm
- FRP Advisory
- Formerly
- Invocas Group Limited; Hallco 1292 Limited
- Incorporated
- 2006-01-20
- Location
- Livingston
- Industry
- 70100 Activities of head offices
Why it went into administration
- Regulatory change or action
- Loss of key people
From the administrators' statement
41 The Company is a well-known provider of individual insolvency solutions in the Scottish insolvency market. It was originally part of the mid-tier accountancy firm Haines Watts, with John Hall, the Company’s current director, heading up the insolvency team at Haines Watts.
4.2 The Company parted ways with Haines Watts and after a successful period, decided to float on the alternative stock market in 2006.
43 The shares were placed on the stock market in March 2006, at an open market value of 111p per share. The shares were so popular with investors that they surged to 147p on the first day of trading. However, the listing was cancelled at the request of the Company on 1 July 2010 on the basis that the listing no longer provided the Company with the advantages of providing access to capital or enabling the shares to be used to effect acquisitions.
Administrators' statement of proposals (2017-06-05) · Companies House register