Linder Myers rescues Shammah Nicholls in pre-pack

LAW firm Linder Myers has rescued a second Manchester firm under a pre-pack administration.

The ambitious firm has taken on 16 staff after buying Shammah Nicholls LLP – most recently trading as SNG Commercial Law – from administrators Begbies Traynor.

Late last year Linder Myers took on Rowlands Field Cunningham after it too ran into financial difficulties .

Sources said SNG Commercial, which had a turnover of around £1.8m  had stuggled to service high bank borrowings – it is understood to have owed lender Allied Irish Bank around £800,000.

Accounts filed in May for Shammah Nicholls LLP reveal the firm owed its bank more than £850,000 in loans and overdraft – with some £704,570 due within a year. Loans and other debts due to members amounted to £563,833.
   
Paul Stanley and Dean Watsion from the Manchester office of insolvency firm Begbies Traynor were appointed to the business on Friday and quickly agreed a deal with Linder Myers, which has been expanding rapidly in recent months.

The firm now has 275 employees and 47 partners across its offices in Manchester, Shrewsbury and Lancashire.