• Read about how PCR have made things better

    Real Life Solutions

    Read about how PCR have made things better

“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

PCR were approached by an internet wholesale company that had suffered as a result of the liquidation of one of its key customers. The customer accounted for over 25% of the company’s turnover and the resultant bad debt had left the company where it would be unable to pay its debts as and when they fell due in a matter of months.

Following an independent business review by PCR, it was clear that the company had a solid core business, however, in the absence of replacement turnover, the Company’s cost structure was not sustainable. In the circumstances, PCR managed an internal restructuring of the company, which included a streamlining of the workforce, a renegotiation of the lease to the Company’s premises and implementation of financial controls.

Whilst some negotiation was required with the company’s creditors, there was no necessity for the company to utilise any insolvency procedure. This was possible as the directors of the company had sought advice as soon as the problem arose allowing PCR maximum flexibility in terms of reorganisation.

The important lesson from this example is that an early consultation with PCR can significantly improve your business outcome.

PCR Logo HomeCan we help you?

Businesses of all sizes, operating in every sector, will at some point be faced with circumstances that threaten their future. PCR provide specialised advisory services for business rescue, transition, exit or winding up. 

  • Ambitious companies seeking to grow can benefit from discreet expert advice and assistance in planning and executing organic or acquisitive expansion. Our extensive business and finance network can deliver significant opportunities.
  • Companies trading under difficult circumstances need our specialist advice and services, helping Directors to fully understand their responsibilities to investors, creditors and employees when working to turnaround a struggling concern. PCR always try and rescue an ailing business and have a proven track record in business recovery.
  • Business owners or shareholders seeking to exit or close a solvent company in the most advantageous and tax efficient manner should contact PCR for discreet and confidential advice.
  • Cash flow is the life blood of every company and bad debts or inefficient credit management can lead to business failure. PCR deliver highly effective debt collection and management services.

PCR do not have a magic wand to cure a poor balance sheet, but we are here to provide discrete sympathetic advice on individual responsibilities under law and the best strategies moving forwards. We are not interested in apportioning blame, rather we are here to try and fix things, and the earlier we are consulted, the better the options for recovery. Even if you are experiencing a temporary downturn and hope to trade yourselves clear, you must seek advice, or it is possible that should things go wrong you may be exposed to personal liability.

In short, if you have even the slightest doubt about the health of your business there is nothing to lose from talking to PCR. It won’t cost you anything to gain an independent view of your situation. Even when the outlook is bleak, contacting PCR has often marked the moment when our clients are able to start looking forwards in a positive manner.

Contact PCR for swift and confidential advice ››

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