How do we provide our Free Turnaround Advice?

Initial advice is provided free of charge by our team of expert advisors to enquiries from individuals, directors, partners, advisors, banks and investors.

Typically we need to have some basic details of the business problem to be able to diagnose the problems. See 7 deadly sins for details of the information we require.

Then we collate the enquiry information and one of our technical team experts reviews the file. If the business appears to have the necessary attributes, a free interview meeting is arranged typically at the business premises of the business.

If we cannot help we can arrange for our insolvency practitioners to help with closure or alternative advisors.

KSA’s UNIQUE Solutions Report

After every face to face meeting KSA will produce a detailed quality report on the background to the business's problems, the current situation, and the legal obligations of the directors and a detailed analysis of the options available to the business.

In this report all options such as liquidation, administration, CVA, refinancing, trading out, trade sale and so on are covered and the solution that we recommend is only reached after this analysis.

We provide a detailed breakdown of ALL OF OUR FEES in this report so that there is no ambiguity as to our work, the cost of this work and how the client will pay for it. We always take a staged payment approach with a degree of success related fee built in. This way everybody knows what the cost and payment patterns are at the outset.

In addition and where a CVA or IVA is recommended, a restructured balance sheet model demonstrates what the corporate finance effects of the solution are. All of the process is free of charge.

After the report is issued further meetings may take place - if a decision is subsequently made to appoint KSA we go through the following formal process:

1. Verbal acceptance of the recommendation.
   
2. Board meeting with majority decision to accept the board resolution to appoint KSA.
   
3. Formal engagement letter.
   
4. Schedule of information required is then supplied.
   
5. The client completes the provision of information.
   
6. CA division commences production of the proposal.
   
7. Creditors (such as the Inland Revenue and VAT) are contacted to inform them that no further payments (if a CVA or IVA is being proposed) will be made until after the creditors' meeting.
   
8. CA division negotiates with the banks, investors, staff, management, and creditors etc to ensure that the management is refocused on the task at hand.

The process of producing the document proposing a voluntary arrangement can be 1 to 6 weeks but typically depends on the quality and depth of information that the client provides.

Try us now; you will quickly get quality, professional advice without obligation to buy our services.