Straight forward CVA to restructure tax and VAT and trade debts after a bad trading season and expansion caused serious cashflow problems
After the CVA was approved the company was acquired by a local business man and is growing rapidly.
The key point here was that the company was bought effectively without lots of aggressive creditors breathing down the new buyers neck. Leveraging creditors’ money in this way is a very effective acquisition strategy.
THINK THIS INNOVATIVE TURNAROUND APPROACH COULD BE A USEFUL TOOL TO HELP ACQUIRE NEW BUSINESS? THEN YOU NEED TO TALK TO US NOW.
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