Preston firm rescued through pre-pack administration

08 Jan 2020

Seven jobs at Preston-based PHC Law have been saved by a pre-pack administration following the unexpected death of founding partner Philip Cuerden in March last year.

Solicitors at the firm since 2004, Chris Wood and Craig Porter embarked on the purchase via a pre-pack administration on 23 December. The firm had become caretakers of the firm on Cuerden’s death.

Cuerden established the personal injury firm in 2001. Following his death intestate last year there was period of financial restructuring, after which Wood and Porter sought advice from their administrators. They have since renamed the firm renamed the firm Porter Wood Solicitors.

Wood said: “We are delighted to have bought the business, safeguar...

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