Providing expert business advice on company rescue, restructuring and insolvency 

Trading in difficult circumstances can result in a wealth of problems, impacting on both creditors and directors. Often companies continue to trade in financial circumstances that could give rise to potential personal liability for the company’s officers as well as possibly exposing creditors and other stakeholders to greater losses.

At PCR we believe in avoiding formal insolvency proceedings where possible and provide, where appropriate, clear advice on trading out of difficult circumstances by eliciting support from stakeholders in financial restructuring.

Sometimes formal insolvency processes cannot be avoided and in these circumstances PCR provide assistance in the full range of insolvency processes carried out under UK legislation.

We have offices in Middlesex, Newcastle, London, Bristol and Sussex with additional representatives in Hertfordshire with clients coming to us from all over the UK.

Start-Up Support & Finance

PCR's Advisory arm assists businesses from start up advice to ongoing financial management.
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Case Studies

  • “Lee proved yet again that he was able to profitably manage the business, and craft a sale that provided value for stakeholders in what was a commercially and technically difficult situation.” Stewart Perry – Clyde & Co      Read This Case Study ››

  • “We felt a great deal of relief when we instructed PCR as we assumed it was the end of the road for our business. PCR recommended some tough measures but the results speak for themselves.” Finance Director      Read This Case Study ››

  • “PCR having the foresight to involve us early on allowed us to assist them in maximising realisations.” Quantity Surveyor      Read This Case Study ››

The financial failure of customers is a fact of business life. Credit control can only go so far and often only mitigates rather than removes the risk of loss. If you are reading this the chances are that your credit managers are trying to deal with an unexpected customer insolvency and you are faced with a fog of procedures and bureaucracy promising little return for an undefined effort.

Don’t waste valuable company time. Take a look at PCR Creditor Services and engage our experts to administer your claim from the outset. The reality is that debts from insolvent companies are rarely paid in full and unsecured creditors are inevitably at the bottom of the pile, so it is all too easy to give a corporate shrug and put the debt down to experience rather than chase a distant payout. At PCR we know the process inside out and will work the system on your behalf with dogged determination to win every possible pound back.

On appointment we shall:

  • Attend creditors' meeting to sniff out information that can enhance any claim.
  • Scrutinise proposals from Liquidators for voluntary arrangements or informal schemes to ensure they offer the best prospects for creditors.
  • Properly submit dividend claims and proxy forms at the correct times.
  • Keep you informed as to likely divided prospects and other key issues.
  • Strongly present views and arguments beneficial to you to committee of creditors.
  • Work with the appointed insolvency practitioner to resolve disputes over the amount or validity of your claims.

During the insolvency process we shall:

  • Advise and assist wherever possible on any reclaimable VAT
  • Ensure wherever possible that you claim and retain title to goods and services.
  • Observe and investigate the liquidators assets recovery program and investigate any opacity.
  • Monitor and report on fees charged by the appointed Insolvency Practitioner, challenging them if required in order to ensure they are providing creditors with value for money.
  • Maintain a careful watch on all dividend payments to creditors.

We cannot promise to recover all of your losses, but we can minimise them and ensure that you enjoy fair treatment at the hands of the appointed liquidator.

Contact us now and ask about how we can help you with the financial failure of a customer...

PCR News Blog

  • Monarch Airlines – A surprise for many, but not for all…

    The demise of Monarch Airlines came as something of a surprise to a lot of people, particularly to the 110,000 or so holidaymakers left stranded abroad and those now frantically trying to rebook a holiday or contact…
  • Stratford Hamilton Joins PCR as Partner

    We are pleased to announce that Stratford Hamilton has joined us at partner level. Stratford joins the practice with 21 years’ experience in insolvency and was recently a partner in a practice based in Essex since 2010.…
  • Is your business prepared for the upcoming GDPR legislation?

    Is your business prepared for the upcoming GDPR legislation?

    Three months ago, I wrote an article about the new General Data Protection Regulation (GDPR) legislation and how it would have a major impact on the way companies collected personal data. The article highlighted some of…
  • North East firms facing increased risk of insolvency

    New data recently released from the insolvency and restructuring trade body R3 has highlighted that there is an increase in the risk of businesses in the North East becoming insolvent within the next 12 months. As of…
  • Are you fully aware of your duties as a company director?

    The thought of becoming a company director is one which fills many individuals with excitement and self-fulfilment. The responsibility does indeed come with huge challenges and potential hurdles and setbacks along the…

Civil & Commercial Mediation

MEDIATION SAVES MONEY

Save time and legal costs with expert dispute resolution. PCR deliver cost-effective answers to issues holding back your business.

BUSINESS MEDIATION ››

Insolvency Claims

INSOLVENT CUSTOMER? 

If your business is facing losses from a customer becoming insolvent, we can protect your interests and ensure fair treatment of your claim.

CLAIMS MANAGEMENT ››

Business Advisory

READY TO HELP BUSINESS

From start up business plan, to funding, to management and exit strategies, PCR help you achieve your goals.

BUSINESS ADVISORY  ››

Contact PCR

YOU HAVE OUR ATTENTION 

For confidential and discrete assistance use our priority contact form which immediately alerts a senior member of our national team.

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