Law firm goes into administration
Wirral-based law firm Gregsons Solicitors has gone into administration.
The company has offices at Birkenhead, Crosby on Merseyside and the other at Flint. Sean Bucknall and Andrew Hosking of Quantuma, based in Brighton have been appointed as administrators.
It was founded in May 2011 and its peak had a turnover of £1.3m and employed approximately 30 staff.
Quantuma director Bucknall said: “Regrettably, the firm has had to be placed into administration and in this instance it has not been possible to secure a sale of the entire business as a going concern to a successor practice.
“All of the firm’s live matters were sold to a number of separate firms of solicitors prior to the company entering administration.
“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.”
Following the appointment of Quantuma, the administrators completed the sale of the conveyancing department and its work in progress to Metamorph Law.
The company has four directors registered at Companies House. They are: Michael Charles John Baden, 64; Simon Terance Brennan, 61, and Ian Lee Wright, 57.
