BusinessBusiness RecoveryEnd of road for Casson Beckman

End of road for Casson Beckman

Insolvency firm Casson Beckman & Partners looked set to go out of business for good as a winding-up petition was due to be concluded at the High Court in London yesterday.

Link: Insolvency firm may go under

The winding up of the company will bring to an end the existence of a once top 20 UK insolvency firm, although the consequences are likely to run on for the firm’s three partners.

The firm closed its doors in September last year and equity partners, David Nisbet and John Grisman, were declared bankrupt on 27 December after a voluntary arrangement was rejected by creditors. Salaried partner John Bennett has his insolvency license restricted by the Insolvency Practitioners Association and could lose it at a hearing this month.

At another hearing due to take place in Manchester yesterday, creditor Customs & Excise was appealing against the block transfer of a number of Casson Beckman & Partners’ ongoing cases to another firm.

Frances Coulson, partner at Moon Beever, Customs & Excise’s solicitor for this case, said: ‘(C&E) is not happy over the handling of some of the cases in the past. What is really an administration process is not right in this case and some of these cases need to be looked at in more depth.’

Related Articles

Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

6d Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

6d Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

1w Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

2m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

2m Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

2m Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

6m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

7m Emma Smith, Managing Editor