Law firm Challinors files notice to appoint administrators

MIDLANDS firm Challinors has filed a notice to appoint administrators.

Eric Walls and Wayne Harrison of London-based KSA Group will act as administrators to the firm.

The firm has offices across the Midlands including Birmingham city centre, West Bromwich, Wolverhampton and Halesowen.

Challinors, which is seeking a buyer for the business, has got into financial difficulties in recent weeks.

High Court proceedings had been issued against the firm’s 14 partners by Derby-based games designer Cosmic Concepts, demanding repayment of a £250,000 loan.

Cosmic Concepts director Bally Shanker says he made the loan to 14 partners of Challinors in January.

KSA was appointed by Challinors on May 29 to assist it with its current financial problems.

A report in The Lawyer  suggested the firm’s partners met on Monday to consider the financial difficulties of the firm.

Challinors has suggested the appointment of administrators will allow for an orderly transfer of the business in the near future and thati n the interim the business will continue to trade normally.