Retail Finance

Hearing Solutions rescued by administrators, PCR (Bristol)

Man wearing hearing aid

Hearing Solutions Ltd is a Bristol company which supplies and fits hearing aids.

After falling into administration as a result of historic liabilities and a halt in sales due to the coronavirus pandemic, Mark Phillips and Stratford Hamilton of PCR (Bristol) were appointed joint administrators earlier this month (July 2020).

After the director of Hearing Solutions approached the administrators, the business was advertised as for sale and a deal has been struck with Pharmhear Ltd who bought the business and its assets, rescuing 32 jobs.

All employees have been transferred to Pharmhear under the terms of the sale, with no known redundancies.

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