National Firm Closed Down By SRA
A national firm, with offices across the United Kingdom, has been closed down by the SRA after they failed to comply with terms of its licence.
An SRA spokesperson stated:
“An intervention means the SRA has closed a firm with immediate effect. It will stop the firm from operating, take possession of all documents and papers held by the firm, and take possession of all money held by the firm (including clients’ money). It is not responsible towards employees or trade creditors of firms that it has intervened in.”
The firm, Kingly, previously known as RH Legal and trades under various names, has 16 offices across the UK with 180 members of staff.
As well as closing the firm, the SRA has also launched an investigation into the firm’s directors, Simon Hutcheson, Simon Crosby Peacock and Champika Ratnayake. No details are reported as yet, other than the SRA confirming that there “is reason to suspect dishonesty” by one of its managers Nurul Miah. The dishonesty is in connection with the firm’s business: or any trust of which the firm is or was a trustee; or any trust of which Miah is or was a trustee in his capacity as a manager.
Speaking to The Law Gazette, Peter Gibson, the MP for Darlington who founded Coles Solicitors, acquired by Kingly last year, said:
“It is with great sadness that I have today learned of the intervention by the SRA in my former firm. On learning of this terrible news this morning I have made contact with Gordons, who are carrying out the intervention for the SRA, and offered them my every assistance.”