SSB Group Limited - Notice of Intention

SSB Group Limited, a Sheffield firm which houses SSB Law, SSB Funding, SSB Insurance, SSB Financial and SSB Compliance and employs over 150 staff, has filed a notice of intention to appoint FRP as administrators. In 2021, the firm acquired around 13,500 cases following the administration of north west firm Pure Legal. It took on £30m of loans in connection with the expansion, bringing overall debt to more than £48m. The proposed administrators are reportedly in talks over a pre-pack sale as the firm seeks to avoid an intervention by the SRA. Katch Fund Solutions and Opportunity S.A. have registered charges against the firm.