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They made £2.2 million profit so about 30% on a turnover of £6 million which looks like a well run business. Presumably however the partners drew all their profits out and leveraged the firm up to the hilt to pay the running expenses and the ran into the buffers at some stage when the banks wanted their money back. Wouldn't happen if they didn't have the LLP or limited company to hide behind and could result in a lot of a heart ache for innocent parties. Limited liability for firms like this just doesn't make sense as it allows them to behave irresponsibly...….