Wed, 30 Aug 2017 | ADMINISTRATION
A firm of solicitors with offices in Liverpool and North Wales has been forced into administration, with any ongoing cases being passed on to different legal practices in the region.
Gregsons Solicitors, a specialist in litigating medical negligence, property conveyancing and family law matters, entered administration on 23 August following poor financial performance.
The firm was founded in May 2011 and at its peak had a turnover of £1.3 million. At present, Gregsons employs 30 staff and has three office locations in the Liverpool area: two in Merseyside at Crosby and Birkenhead, and another in Flint in North Wales.
Prior to its administration, Gregsons was a member of the Law Society's Clinical Negligence Panel and the Advanced Family Law Panel, two prestigious accreditations in their relevant fields. It was also awarded the Law Society's Conveyancing Quality Scheme qualification.
Sean Bucknall and Andrew Hosking, both of Quantuma, have been appointed as joint administrators.
Writing on the firm’s website, Bucknall - who is Quantama’s director - said that efforts to secure a sale of the entire business as a going concern had not been successful.
As a result, all of Gregsons’ live files have been transferred to alternative, regulated solicitors who will be getting in touch with clients to notify them of the change.
Bucknall added: “The terms of the sales facilitate the ongoing servicing of client interests and for all realised work in progress to be paid into the administration, thereby maximising the return to creditors."
"A creditors' voluntary arrangement had been proposed by the directors but this was rejected by the requisite majority of creditors."
Quantama have already completed the sale of Gregsons’ conveyancing arm and its work to Metamorph Law.
Contact the administrators
Subscribe to Business Sale Report
The company has designed and developed a wide range of specialist training programmes, which can be delivered on-site or online. Operates from several strategically located, purpose-built training facilities, designed to support memorable learning ex...
LEASEHOLD
Long established and highly profitable on-line retailer of premium quality rattan/wicker home furniture/storage products. Established as one of the country's leading suppliers of a large range of rattan products for the modern home. The products are...
RELOCATABLE
The company specialises in domestic and industrial garden machinery, cleaning equipment, spares and parts. Products include, pressure washers, vacuum cleaners, hedge trimmers, strimmers and heaters.
LEASEHOLD
24
|
Feb
|
Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE
Nestlé has strengthened its position in the e-commerc...
23
|
Feb
|
Lockdown exit: What does the road map look like for UK businesses? | BUSINESS NEWS
After a winter spent almost entirely in lockdown, the govern...
22
|
Feb
|
Modular Group acquires Euramax Solutions with BFS backing | BUSINESS SALE
Modular Group Investments has acquired Barnsley-based window...
Sign up to receive our acquisition alert emails to get your FREE guide
15
|
Jan
|
Buyer sought for portfolio of pubs | BUSINESS SALE
Five pubs that formerly operated under the Authentic Alehous...
17
|
Dec
|
Modular home builder acquired in pre-pack administration | BUSINESS SALE
Liverpool-based modular housing firm Ideal Modular Homes has...
21
|
May
|
South London-based law firm acquired in pre-pack sale | BUSINESS SALE
Croydon-based McMillan Williams Solicitors (MSW) has been so...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources