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
What is a Compulsory Strike Off And Can It Be Stopped?
A compulsory strike off, also known as a dissolution, occurs when a company's...
Trading Whilst Insolvent - A Worried Director's Guide
Trading whilst insolvent is a legal term used to describe a business which...
Guide to Liquidation Fees
Typically, when a company is in liquidation, the costs and fees of the process...
Wrongful trading and fraudulent trading: What’s the difference?
Wrongful trading is where an insolvent company has continued to trade in a way...
If My Limited Company Goes Bust Will I Lose My House?
What does it mean to go bust?
Going bust is simply when a business cannot...
The powers of HMRC Bailiffs and HMRC Enforcement Officers - Can They Enter My House?
A Bailiff, HMRC officer or an Enforcement Agent has the power to take control of...
Taxes due soon and HMRC to start collecting in September
If your company has not paid 2020 and some 2021 VAT or PAYE liabilities then we...
What Is Business Insolvency
What is business insolvency?
A business is insolvent if it can’t pay its debts...
Making Employees Redundant
Do you need to make a member(s) of your staff redundant after furlough or...
Can't Afford To Make Redundancies - Worried Directors Guide
You may need to make redundancies but cannot afford it. However, if using a CVA...
The HMRC debt collection process
HMRC is what is called a “sophisticated creditor” in that they know all the best...