Sam Talby of PCR LLP is a business restructuring, recovery and insolvency practitioner.
Practitioners without insolvency experience may look at a client’s situation and feel that it is irrecoverable, but given some practical insolvency-informed support, the business could still be viable. Sam’s tips for practices are to prepare realistic cash flow forecasts and regularly review clients. Carry out an honest SWOT analysis of the client’s business and determine its viability and plan appropriately.
"At PCR, we are seasoned professionals with experience of guiding business owners facing financial and economic uncertainty. Where viability is at risk we are legally able to provide solutions which can enable survival. Where the damage is too severe, we can provide a range of ethical insolvency solutions too.”