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.”

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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

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