All 41 jobs were recently saved after Electrical Installation Company Connect ES Limited was placed in to Administration on the 4 January 2017.

The organisation’s headquarters which was based in Chichester, was experiencing severe financial difficulties before a corporate rescue process initiated by Joint Administrators Julie Swan and Mark Phillips, partners at PCR, helped rescue the company from the brink of collapse. The sale of the business took place a little over a week later and was completed on the 12 January 2017.

Consequently, all 41 permanent members of staff at Connect ES Limited were transferred across to the purchasing company Radlec Limited under the transfer of undertakings (Protection of Employment Regulations Act 2006).

Julie Swan of PCR said, “We are delighted that we have been able to help retain the continued employment of staff following our appointments, as well as providing the best positive outcome for its creditors”.

Ahmed Ali – Marketing & Practice Development Executive

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Ever since the Government implemented a solar tariff cut in January 2016, the outlook for many renewable energy companies appeared to look bleak. To compound these fears, the massive cut in Government subsidies has resulted in a staggering 80 percent fall in solar panel installations. The implications of this are many, with numerous challenges facing business owners, both manufacturers and installers, not to mention the 12,000 jobs which were lost last year in the UK solar industry.

Of alarming concern is the significant drop of large-scale solar schemes on hospitals, factories and other large buildings, with an apparent 65 percent drop reported. Additionally, between January and March, there were about 650 rooftop deployments a week compared to an average of 2,700 reported in 2010 – a fall of more than 75 percent.

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Julie Swan, partner at PCR will be doing her bit for charity by participating in the Ride the Night cycle event on 27 May 2017. The ever popular annual event, which is the UK’s one and only women night cycle through London, will help raise funds in support of  Breast Cancer Care, Jo’s Cervical Cancer Trust and Ovarian Cancer Action.

Although not the longest bike ride out there, what Julie is dreading the most is the 9pm start, and those who know Julie best, are fully aware she is certainly no night owl. We suggest plenty of early nights in the weeks leading up to the event and extra strong coffee on the day to keep you awake for the entire duration of the cycle.

The circular route, which starts and finishes at the Royal Windsor racecourse, certainly has its other challenges and struggles, and will see Julie cycle past famous London landscapes including Westminster Abbey, Trafalgar Square and Buckingham Palace.

If you would like to sponsor Julie in support of Women v Cancer, then you can do so by donating to the following link https://www.justgiving.com/fundraising/Julie-Swan4

From everyone at PCR, we wish Julie the best of luck.

Julie Swan Cycling 02 Julie Swan Cycling 03

 

There is no doubt that a well-run restaurant with a loyal customer base has the potential to develop in to a “cash cow”.

However, with competition as fierce as it has even been, rising costs and a fall in sterling means that restaurants are finding it much harder to survive. With the added pressure of the Brexit vote thrown in to the mix as well, the future looks uncertain for some restaurant companies in the short term at least.

A recent report conducted by the Financial Times pointed out that over 200 new restaurants opened in London alone last year, providing an even broader and more diverse choice for consumers, especially with the introduction of pop up restaurants. However, of those 200 plus restaurants, 76 have already closed, signifying the difficulties facing such businesses. With more and more people appearing less loyal to their favourite restaurant, times are certainly harder for the industry, which has resulted in the closure of several restaurants. In fact, evidence of this had already emerged when The Restaurant Group announced last August that 33 restaurants across the UK had closed including 11 Chiquito outlets and 14 Frankie & Benny’s branches.

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(Previously known as Elbon Pharma Limited)
Company Number: 07013434
In the Manchester District Registry No: 2582 of 2016

PCR Insolvency Practitioners Julie Swan and Mark Phillips were appointed Joint Liquidators of Elbon Wellbeing Limited (“the Company”) on 13 October 2016 by the Secretary of State following the winding up order dated 11 October 2016 which had been petitioned on the grounds of public interest due to the selling methods adopted by the Company pursuant to Section 124A of the Insolvency Act 1986.

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