Fri, 20 Dec 2013 | ADMINISTRATION
Administrators from FRP Advisory have been brought in to Hilliers HRW LLP, a solicitors firm that operated in Bedfordshire and Hertfordshire.
Tony Wright and Philip Watkins are now managing its business and wind-down. All existing client work for the firm had been transferred over to other local solicitor firms before entering administration.
Hilliers hired the administrators on 9th December after not being able to pay for its professional indemnity insurance (PII) cover.
While most of the 34 staff across its two offices have gone on to other businesses, seven were kept on to assist the administrators in the administration process.
The solicitors had entered the extended indemnity period for PII cover on 30th October and went into a 60-day cessation period during which it could continue working on existing files but not take on any new work.
Had it secured cover before the end of this year it could have survived intact, but had to make the decision to close down in light of the looming deadline on 29th December.
Joint administrator Tony Wright said: “FRP Advisory has retained a small team from Hilliers HRW during the administration process to assist in dealing with file closures, general administrative matters, client queries, debt collection and the transmission of client funds to ensure the orderly wind down is fully complaint with all necessary requirements stipulated by the SRA.”
___________________________________________________________________________
Related information:
Businesses in administration
Represents an opportunity for a hospitality acquirer seeking a restaurant with additional takeaway in Harrow.
LEASEHOLD
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire. With a capacity for up to 110 wedding guests, the16th Century traditional building boasts original features, open fireplaces, exposed beams and elegant interio...
LEASEHOLD
Restaurant for sale in Hartley Wintney, Hampshire. Offering a 3-bed flat, a large car park, and a detached property.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.