Case Studies

Double Glazing company

Case Study: Project Varnish - Managed wind-down using administration

Armstrong Watson were instructed to assist with the closure of a double glazing business following the settlement of a dispute. The business had been assessing its options due to the nature of the dispute, and was looking at rebranding to move forward. The way forward, including its potential downsides, had been discussed with employees and sales consultants and, following this meeting, many of the self-employed sales consultants took the decision to leave the business.

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It Company

Case Study: Project Diamond - Sale of business through pre-pack administration

Project Diamond was a company that dealt with IT infrastructure which had encountered some cash flow difficulties, such that the director did not want to continue with the business. However, whilst he no longer wanted to be involved with the management of the business, it was felt that there was a viable business if the historic debt could be dealt with. Accordingly, Armstrong Watson were engaged to assist the director in trying to find a sale of the business through a “pre-pack” Administration.

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Security Services

Case Study: Project Monitor

Advice and support results in additional funding and continued success of the business


Armstrong Watson were approached by a lender as they had concerns about one of its client’s viability. They wanted Armstrong Watson to review the Company’s current position and to provide advice as to the viability of the business going forward. 

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Thomas Graham

Case Study: Thomas Armstrong (Holdings) Ltd Flimby, West Cumbria


Thomas Armstrong Group has over 190 years of expertise and growth in the construction sector, manufacturing quality building products since 1830 with a strong Cumbrian heritage and Head Office situated proudly in Flimby, West Cumbria. The group has a turnover in excess of £135m and has around 560 employees. As a significant business in the sector and region, the group had a long track record of working with large Top 10 audit firms.

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The Usual Place Café, Dumfries

Case Study: The Usual Place - Inspired Community Enterprise Trust Limited


The Usual Place became a client of Armstrong Watson over three years ago when their existing accountant retired.  They were looking for a business partner who could support both the Board of Directors in fulfilling their responsibilities and the business as a whole, by advising on the risks and financial challenges that lay ahead as the enterprise grew in stature and reputation.

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Mike Thornicroft (CEO) and Charlotte Pearson (Head of Income Generation) – photo taken prior to COVID-19 restrictions.”

Case Study: Tynedale Hospice at Home

Photo: Mike Thornicroft, CEO and Charlotte Pearson, Head of Income Generation. (Photo taken prior to COVID-19 restrictions)

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It Solutions

Case Study: The cost of using specialist Corporate Financiers will be far surpassed by the value they add


Founded in 2009, Integrity is an IT solutions and consultancy business, delivering IT Solution packages to small businesses and larger organisations, and has more than 1,500 users.

Managing Director, Andrew Fisher, has been a client of Armstrong Watson since Integrity was founded in 2009. In 2015 he started thinking about retirement plans and engaged with us for specialist advice around his exit options.

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Older couple receiving financial advice

Case Study: The Value of Financial Advice For Our Clients

Our clients saw the value in financial advice as we advised on pension contributions, pension protection and critical illness cover.

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Liquidation, insolvency and creditors records in file

Case Study: Compromise Agreements and CVA Offers Lifeline for Business


The Company was significantly geared with indebtedness of over £4m between three banks, with all three having security over the Company’s assets.  There was an inter-creditor agreement between the banks resulting in one of the lenders having priority over the others. 

The senior secured lender had concerns regarding the Company’s viability and had moved the Company into its special situations unit and had instructed an insolvency practitioner with a view to them taking steps to place the Company into Administration.  

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Agri Landscape

Case Study: Is all Financial Advice the Same?

Whilst it’s important to regularly look at your savings and investments, it’s also vital to take stock of your lending commitments too and the security in place to protect these should circumstances change. By either not taking the time to ensure adequate and appropriate cover is in place or seeking the wrong support, guidance and advice, this could prove to be a costly decision.

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The deadline for March’s claims is 14 April 2021, so please submit claims to