Monday 8 December 2014

P & A Partnership of Sheffield sued for more than £1.2M fee

P & A Partnership is being sued for more than £1.2M for allegedly failing to justify its fees by Grant Thornton http://www.grant-thornton.co.uk/.

Employees at P & A Partnership have been hit with an order for 'misfeasance or breach of fiduciary duty' over the administration and liquidation of a Nottingham company.

 Jeremy Priestley, managing partner of P&A
 Jeremy Priestley, managing partner of P&A

P & A were replaced by Grant Thornton and after reviewing the case it claims that the fees 'were not justified’.  It has now launched legal proceedings on behalf of creditors.

Grant Thornton wants to recover £918,631 from the administration and £283,000 fees from the liquidation.

This comes after BIS launched an investigation into the firm.

RABF has a number of other worrying cases involving P & A Partnership.

P & A Partnership's name crops up as often as SFP and Harrisons - The cases involving all three are harrowing to read.

If you require more information contact PAPartnership@rabf.org.uk

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