It’s rather difficult to follow the news nowadays without noticing another retailer facing challenging trading conditions on the UK high street.

Of course, it was Toys R Us which was the most recent high-profile retailer to go under the spotlight – a company beset by problems which had been known about for some time now. Although it appeared that the UK chain had received a stay of execution in December 2017 following an agreement by landlords to take back the keys to a quarter of its shops and accept less rent for those that stayed open, the writing was already on the wall once weak trading had continued into the new year.

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On Thursday 22 March 2018, PCR exhibited at The Somerset Business Show held at Taunton Racecourse.

It was a terrific opportunity to meet and converse with numerous businesses from across the country, all ranging from a variety of business sectors.

Attended by PCR Insolvency Practitioners Mark Phillips and Sam Talby, the exhibition allowed those attending to gain a better understanding of the full range of services that PCR provides on a national level. It was also a pleasure to meet with many business owners and company directors and to understand the nature of their business in more detail.

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A recent high-profile case relating to collection fees charged by an invoice financier on the termination of an agreement was successfully challenged in the High Court last summer, opening the doors for further recoveries by office holders, Administrators and Liquidators to recover “excessive” collection fees.

The ground-breaking conclusion indicates that the courts appear increasingly willing to scrutinise discretionary powers in commercial contracts, implying that the lender must act reasonably and base costs on a rational basis. In fact, the clauses have been subject to much controversy for some time, with critics having claimed that they are a way of obtaining profits instead of recouping the actual expense of collections.

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Somerset business showPCR will be exhibiting at The Somerset Business Show at Taunton Racecourse on 22 March 2018. If you are attending, please do pass by our stand (stand no.124) for a friendly chat.

Doors will be open from 10am and you will find us there until 3pm.

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PCR are pleased to announce that we have recently relocated our Head Office to Uxbridge.

Right on the boundary with Buckinghamshire, Uxbridge features in significant historical events including negotiations during the English Civil War and as an RAF base at the centre of the Battle of Britain and preparations for the D-Day landings.

Our new office is located just 0.6 miles away from Uxbridge Town Centre and Uxbridge Underground Station, and provides easy access to the M4, M40 and M25 motorways.

Our key services include:

  • Corporate Restructuring: group/company re-organisations; financial restructuring; debt advisory services; exit strategy planning; MVLs.
  • Advisory Services: cash flow management; business plans; sales ledger management and credit control; finance raising.
  • Corporate Recovery; insolvent restructuring; administrations; company voluntary arrangements; liquidations.
  • Personal Insolvency: IVAs; bankruptcies.

We hope to be a positive asset to the local area, and as in our other offices nationwide, we are offering complimentary business consultations to Start Up companies.

Our new Head Office details are:

PCR (London) LLP,
Unit 1,
First Floor,
Brook Business Centre,
Cowley Mill Road,
Uxbridge
UB8 2FX

Tel: 020 8841 5252
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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