We are pleased to share that our Milton Keynes Office has recently completed the sale of the business and assets of a company that had been trading for over 29 years, securing the business and safeguarding the jobs of all 15 employees.
The sale was not to a connected/associated party and the key to this successful outcome was the director sought our advice at an early stage, which provided time to look at the best-case scenario in a difficult situation. We are also pleased to report that given our careful planning of the process the company’s secured creditor was fully redeemed within just two weeks of our appointment, removing the personal guarantee provided by the director.
If you require any advice or assistance on any insolvency-related issue, then please contact PBC Business Recovery & Insolvency on 01604 212150 (Northampton), 01908 488653 (Milton Keynes) or email to firstname.lastname@example.org. Alternatively, visit www.pbcbusinessrecovery.co.uk for further information.