Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Thursday, 22 July 2010

Halliwells LLP carved up in pre-pack administration

Halliwells the north west law firm was broken up in a pre-pack administration process this week. The pre-pack process was used to sell its assets to Hill Dickinson, HBJ Gateley Wareing and Barlow Lyde & Gilbert.

A property deal which saw Halliwells' equity partners share around £17m, was not the sole reason for the law firm's demise, joint administrator Dermot Power of BDO Manchester has said.

This is one of the first large failures of an LLP law firm, it owed around £17m to RBS. See here for a case study for a company voluntary arrangement for a south east based law firm

No comments :

Post a Comment

Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

Web Analytics