Ince Group PLC - Administration

Ince Group PLC, a listed law and professional services firm whose 2021 revenue of £100.2 million recently put it 47th on The Lawyer UK 200 list, entered administration on 28 April.

The company's shares have been suspended since early January as a result of a delay in publishing its latest audited financial statements, which put increasing pressure on the cash flows of the business.

The company held discussions with its major lender and other creditors, including HMRC, to establish their level of support.

Earlier this month, a major creditor informed the firm that it was no longer willing to support the business and a decision was made to put the firm into administration.

Quantuma was appointed administrator and has sold the business to national law firm Axiom DWFM Limited.