David Kirby Pure Legal

[Cabinet] may engage in tax-exempt regulated activities under Part XX of the Financial Services and Markets Act, 2000, provided that such activities arise out of or complement the Firm`s reserved legal activities or other legal activities. The firm is authorized to conduct the following reserved legal activities: This led Time to ask Alvarez & Marsal to consider the options, which it quickly determined to be «limited.» John Noon and Paul Flint were officially appointed directors on January 24 and completed the sale on the same day. Liverpool-based Pure Legal Costs Consultants (PLCC) has been sold to a new company called Your Legal Costs (YLC). The 49 employees have changed. YLC was the only potential buyer to offer to purchase a portion of PLCC`s business and assets; others were only interested in buying cases. Huddersfield Town have registered accountant David Kirby as the club`s director alongside new chairman Phil Hodgkinson. The latest news from Huddersfield Town directly in your inbox Kirby is also registered as a board member of Pure Business Group, the parent company of Pure Legal owned and operated by Hodgkinson. His official title there is CFO of the group, and as such, he is already a trusted advisor to the city`s new majority shareholder. The directors` report states that PLCC was «already facing some liquidity issues and increasing pressure from creditors» before the Pure Group went into administration last November, particularly due to approximately 1,.8m of arrears with HM Revenue & Customs during the pandemic.

Companies House records show that the experienced auditor was released on Wednesday, March 3. He was registered as a director on the same day that Hodgkinson`s management was formalized by outgoing chairman Dean Hoyle after completing his acquisition of 75% of the club. «As a result, the company was not able to make all payments due to creditors at maturity and began working on a critical payment basis while evaluating its options.» The terms and conditions applicable to recognised organisations are set out in Rule 8 of the SRA accreditation requirements for legal service providers and licensable entities. Kirby`s appointment to the club`s board of directors still requires the formal approval of the current board members at their next meeting in August. Once this formality is complete, Kirby Hodgkinson will give advice on the club`s financial matters. An agreement in principle on the payment term has been reached with HMRC with the entire group. Time had a fixed and pending fee since 2017 and at the time of Alvarez & Marsal`s appointment, £262,000 was due. NatWest owed almost £40,000 under the overdraft facility it provided to PLCC, which was also guaranteed.

Fourth floor, building 8 Princes Parade Liverpool L3 1DL Company No. 09511435 PLCC has been taken over by Time Invoice Finance, its main working capital provider. It was funded by a confidential invoice discount facility against a personal guarantee from Pure CEO Phil Hodgkinson. One of the Pure Business Group companies that avoided administration last year finally succumbed last month, but was bought at a pre-packaging sale. Alvarez & Marsal said the pre-pack sale «was considered the best value for creditors as a whole, while protecting the company`s key assets.» However, these challenges have been exacerbated by the Group`s insolvency, «mainly due to the elimination of all intercompany revenues and large intercompany balances that could not be repaid on time. Any obligation that may be imposed from time to time on [the Company] or on any manager, employee or holder of interests not authorized to [the Company] by or in accordance with the licensing rules of the SRA or by or under the ICA or any other regulation. This site uses Akismet to reduce spam. Find out how your comment data is processed. Alvarez & Marsal said a «number» of PLCC directors would be directors of YLC, but for now, the only listed in Companies House is David Kirby, the chief financial officer of Pure Business Group. PLCC`s other secured lenders were Close Invoice Finance and Novitas Loans; None of them financed PLCC directly and instead supported other companies in the group, but their security was ensured by mutual guarantees.

Pure Legal Limited is not a publicly traded company, a subsidiary or part of a listed company. As for preferred creditors, the £14,000 in pension arrears should be paid in full, while HMRC is expected to receive a dividend for the £1.7 million due, «but the amount has not yet been determined». They said Time would be refunded in full, while NatWest would likely receive nothing at that time. The precautions taken for the entire Pure Group «suggest that there should be no reason» for Close and Novitas to claim the guarantee they hold in PLCC. YLC initially paid £58,600 and is expected to pay an additional £76,688 on a deferred basis, totalling £135,288; YLC has agreed to assist the directors, Alvarez & Marsal, with debt collection, and the deferred consideration will initially be paid by a deduction from YLC`s collection fees. Unsecured creditors, who are owed £275,000, are unlikely to receive a dividend at this time. HMRC is the largest and owes an additional £120,000. Hodgkinson-owned Huddersfield Town owes £24,000, while his football club owes Liverpool nearly £15,000. Kenworthy`s Chambers in Manchester schuldet fast 20.000 Pfund.