Following last years successful sailing day event, PCR once again hosted a corporate day out at sea, courtesy of Fairview Sailing.

Divided into two teams of 8, we assembled in the morning for breakfast before taking to the waters from Port Hamble Marina on board two Oceanis 37 boats. Following a pleasant morning with glorious sunshine, we continued to sail into the afternoon with temperatures soaring, whilst tucking into some snacks and a spot of lunch on board. 

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Just over a year ago, PCR discussed the worrying trend which had seen an increase in business insolvencies, with the UK high street being one of the main sectors severely affected and falling victim to the immensely challenging trading conditions.

This was highlighted in our article The Ominous Predicament of the UK High Street in April 2018 which used the example of Toys R Us explaining how the emergence of online shopping and a significant lack of investment played a key role in its administration. Shortly after the demise of Toys R US, a domino effect on other retailers set in, with well-known high street brands such as Maplin’s, Warren Evans, Homebase, Carpetright and even Arcadia Group either collapsing or experiencing severe difficulties causing them to undertake a restructuring process.

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On Thursday 30 May 2019, PCR exhibited at the fifth Hillingdon Business Show organised by the Hillingdon Chamber of Commerce and Brunel University London.

Each year, the expo welcomes over a thousand delegates and champions more than a hundred local businesses, in what has fast become the largest free business-to-business event in West London and beyond.

It was therefore a great opportunity for exhibitors to meet other local businesses and for the public to find out more about the services available to them in their local community. At the same time, it provided PCR with a platform to develop relationships with these businesses who may not have been aware of the services we provide or the nature of our business.

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Sale of the Assets to Existing Management

Mark Phillips and Julie Swan of PCR were appointed Joint Administrators of the Company on 8 May 2019. Prime Fulfilment Limited, based in Clacton-on-Sea, Essex provides e-commerce, storage, fulfilment and customer services to a range of online retail customers.

The Company employs 42 full and part time staff, with additional casual staff at peak periods. The administrators were appointed by the Company’s lender in order to protect their security and maximise value for The Company’s asset base.

Mark Phillips and Julie Swan are pleased to announce the sale of the business and assets of the Company to the existing management team. As part of the sale of the assets all staff will be transferred to the purchaser under employment regulations.

Commenting, Mark Phillips, joint administrator and partner of PCR said:

“We are pleased to have secured a purchaser for the business and in so doing protected jobs in what is an economically challenged area of the country.”

- Ends -

Notes to Editors:

For further information please contact Phillips Levene Partnership, who are handling media enquiries on behalf of PCR LLP:

Trevor Phillips This email address is being protected from spambots. You need JavaScript enabled to view it.
07889 153 628

On Thursday 30 May, PCR will be exhibiting at the fifth annual Hillingdon Business Expo organised by the Hillingdon Chamber of Commerce and hosted by Brunel University London. We will be amongst several other local businesses celebrating all that is great about doing business in the London Borough of Hillingdon.

You can find our exhibition stand (number 41) on the first floor in Newton Room where we will be available for a friendly chat discussing how our business operates and the services we can provide to local businesses in the area. We will also be available to meet with any students who may wish to find out a little bit more about insolvency and what it’s like to work in our industry.

For those of you who may be interested in attending, you can book your free tickets using the following link http://hillingdonexpo.com

We look forward to seeing you all on 30 May.

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