Following our recent reports about our work in safeguarding businesses, PBC have now successfully ensured the continuation of another business via Administration, where all 170 employees were protected. Had the company entered into liquidation, it would have resulted in all employees being made redundant where the burden on the Government Purse was estimated to have been in excess of £200,000 in respect of the employees’ entitlements.
Ian Cooke from PBC said,
“This is another example of directors seeking early advice and where the PBC Team were able to assess the situation quickly and advise on the most beneficial solution for all stakeholders.”
If you require any advice or assistance on any insolvency-related issue, then please contact PBC Business Recovery & Insolvency on 01604 212150 (Northampton) or 01908 488653 (Milton Keynes) or email to enquiries@pbcbusinessrecovery.co.uk