Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
Guides & Knowledge
KSA Group, who own this site, will help you to fix problems in your business. We won't charge for any initial advice or face to face meetings. We speak in English. We will save you money and your precious time. However, we do advise that you have a look through our guides and options so you can have an idea about what is possible for you, given your current situation.
When you call our freephone number 0800 9700539 you will quickly speak to someone who wants to help you, not criticise you. We help people like you every day - imagine how you will feel when we start to lift the load off your shoulders?
Frequently asked questions:
Featured Guides and Advice:
What is a transaction at an undervalue?
A transaction at an undervalue is referred to as s238 of The Insolvency Act...
What Are Fixed and Floating Charges
A fixed charge is security over a non-changing asset like property whereas a...
Directors Top 10 Tips for Insolvent Companies
Insolvency Advice for Directors of Small or Large Companies
Use KSA Group's...
Who gets paid first when a company goes into liquidation or administration
When dealing with creditors in insolvency situations it is vital to remember the...
Trading Whilst Insolvent - A Worried Director's Guide
Trading whilst insolvent is a legal term used to describe a business continuing...
Wrongful trading and fraudulent trading: What’s the difference?
Wrongful trading is where an insolvent company has continued to trade in a way...
Overdrawn Director's Loan Accounts in Insolvency
An Overdrawn Director's Loan Account happens when a director has taken money out...
Pre pack Administration Rules and Procedures
A pre pack administration process is where the assets of the company are...
The Ultimate Guide For Worried Directors
Worried about poor cashflow? Covid-19?, How to pay wages on pay day? For expert advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539
Please note that the guide was mostly written pre Covid-19 and there have been some changes to insolvency legislation that limits creditors actions and relaxes rules regarding wrongful trading. A new 20 day moratorium for distressed businesses has also been introduced.