Southport based Barnetts Solicitors has today appointed Administrators to effect a reconstruction of the business. A successful sale of different parts of the practice has been concluded to a number of buyers which has preserved the business, all 130 jobs and over 3,000 clients. The reconstruction was required to enable the well established conveyancing practice to move forward and reach its full potential, at a time when the residential property market is gaining strength.
Senior Partner, Richard Barnett comments:
“I see it as a fantastic opportunity for the firm to be able to move forward to the next level. The structure of the business had disparate parts, and it was therefore unlikely that we could ever have achieved one buyer for the whole. It has meant therefore that the reconstruction of the business was the only way to satisfy everyone.”
Julien Irving from Leonard Curtis Business Solutions Group and Joint Administrator commented:
“The legal sector has and continues to face significant pressure that requires legal practices to reassess their business in this challenging environment. We were pleased to enable a successful disposal of the business, made possible by early planning coupled with the quality of the practice and its staff.”
The Conveyancing business has been sold to DC Law, the PI and Litigation section to SGI Legal LLP, the Care Home division to Simpson Millar LLP and the Interest Rate Swap section to Seneca Banking Consultants.
Clients of the firm are requested to use the following contact details;
Conveyancing — DC Law — Beth Rudolf — 07824 016 119
PI and Litigation — SGI Legal LLP — June Harrison — 0151 703 1956
Care Home — Simpson Millar LLP – Janet Cooper — 0800 195 8101
Interest Rate Swap – Seneca Banking Consultants — Daniel Fallows — 01942 316 188