Company Rescue Scotland? Is there a genuine rescue culture in Scotland?"

There is only one company driving the rescue culture in Scotland and you have found it! Welcome to KSA Company Rescue!

I am Keith Steven, welcome to KSA Company Rescue - we are responsible for a significant proportion of CVA led rescue work in Scotland!

The Government's statistics are shocking if you run an insolvent or struggling Scottish company. Amazingly, in Scotland in 2011, less than 1% of insolvent companies were rescued by a company voluntary arrangement or CVA!  This is compared to in England and Wales where proportionally the CVA is used 4 times as often.

Want to know more?  We recently held a CVA seminar in Scotland and we will be holding another in early 2012 due to strong demand.  If you want to be included in the next one then email Robert Moore at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

I think that is staggering! It is a small country of course, but here are the latest 2011 statistics that shows the "Rescue Culture" has largely passed Scottish business and the insolvency profession by:

2011 ( first 3 quarters only) Insolvency Statistics - Scotland only:

• 1147 Scottish registered companies became insolvent or entered receivership in the first 9 months of 2011.  This figure includes;  30 receiverships**, 170 administrations and  947 liquidations. There were 1333 for the whole of 2010 so it looks like there is going to be an increase.
• As for CVA only 9, yes you read that correctly, 9 companies were saved by the CVA tool which is a scandalous waste of good businesses. Incidentally the Government also wants more companies to use CVA!
• KSA Group wrote 3 CVA's in Scotland in 2011 or 33% of the total approved.
  
  ** data not complete but an estimate based on previous years.

Taking Administrations and CVA's as "rescue" tools only 17% of all Scottish insolvencies were rescues. Around half of 1% used a CVA.


Of course, there are some examples of where CVA would not be possible. In that scenario liquidation may be the right or indeed administration. But we believe that the options should all be fully considered and understood BEFORE making the decision. Too many insolvency advisors push directors towards closure when CVA may work.

So always ask; What about a CVA - would that work? What is the comparison between CVA and liquidation What is the comparison between CVA and administration Please explain why you have chosen one particular solution whilst not considering the others. There are worries and mistruths about CVAs so if you are told they don't work then read our worries and mistruths page here.  We have done over 400 CVA's so we know what we are talking about.

The standard approach in Scotland seems to be - if a company is struggling, whack in a winding up petition and knock the company over or place it into liquidation yourself.

Almost all insolvency practitioners in Scotland will tell you that HMRC WON'T SUPPORT A CVA!

Interestingly, the HMRC people in Scotland are very supportive of rescues and would much rather see the company survive in CVA than be liquidated and start again. We have never had a CVA rejected by HMRC in Scotland. We have a good working relationship with HMRC Scotland over CVA's and with the Voluntary Arrangement Service in England who are curently dealing with all Scottish CVA's.

In fact here is a case study to highlight this fact! Case Study - A KSA group CVA rescues a recruitment business in Scotland

Any views on these statistics would be welcomed. If you are a solicitor or accountant advising distressed Scottish companies, please make sure they are aware of CVA's! Or if you are a director of a Scottish business please call for probably your only hope of a rescue - KSA Group! Source of Statistics is the Insolvency Service see below.


Whether CVA (company voluntary arrangement), creditors voluntary liquidation, phoenix, administration or pre pack administration sale we can help you find the RIGHT SOLUTION!

What do our Scottish clients say? "Honest, frank and the RIGHT advice. KSA helped us turnaround our company against the odds." "We were told several times by other insolvency practitioners to close down and start again, we didn't like that advice and were glad to find KSA. Tough choices had to be made but we survived and are now out of the CVA early." "Keith, I am happy to give references and advice to any Scottish MD looking at the CVA option. Please pass them my mobile number; Peter Duncan."

"OK, what if I have a lot of questions specific to my company"? Well clearly on a web guide our advice can only be general and non specific, so once you have visited our site, if you want specific and high quality advice call 0800 9700 539 or 0131 242 0081. We have fully trained advisors ready to talk to you between 8am and 6pm every weekday.

If you need urgent weekend advice call Keith Steven on 07974 086779 now.

We have company rescue clients all over Scotland; Many of these directors will be happy to give references upon request from KSA. So talk to us today and we can start solving those cash flow problems now.

We have recently appointed a new Regional Manager, Derek Robinson, who will be able to visit you at short notice and go through all the options.  Please call our Edinburgh number on  0131 242 0081

Want to know more?  Why not register for our Seminar in Scotland on the CVA mechanism.  See this page for details

Or you can join our KILTR group on company rescue