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Pritchard deserves praise for taking tough decision

It’s hard to find words to describe what our industry is going through, particularly the packaging sector.

As a majority shareholder at Chase UK, Terry Pritchard fought hard to offer his clients and staff security so his decision to wind up the firm last week must have hurt.

But Pritchard should be praised for not allowing his pride to get in the way of making this decision and his in-tegrity remains intact.

Too often in recent months, we have seen firms trading beyond their time, unable to take the decision to stop in-curring debt. Some closures have been forced and this has tainted the reputation of the packaging sector.

Many other bosses should close their firms soon and they know who they are. Ego should never get in the way of ethical practice.

Kevin Friend
Strategic partnerships director
Mortgages.co.uk
By email

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