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
HMRC Notice Of Enforcement - Can I Stop The Bailiff?
Any creditor who is owed money has the power to serve a Notice of Enforcement if...
What is a Phoenix Company And How Do They Work?
A phoenix company is a new company that rises "from the ashes" of a previously...
Company Rescue in Scotland CVAs are supported by HMRC
If you run an insolvent or struggling Scottish company the chance of rescue is...
Pressure from Creditors Legal Actions Explained
This is not a legal lesson nor is it comprehensive - rather it is intended to...
Company Rescue Northern Ireland
The insolvency rules in Northern Ireland are in effect a mirror image of the...
Guide to cost cutting for my company
In a time of crisis it is vital to your company's survival, that ALL...
A guide to debt finance and refinancing
Are you running out of cash waiting for the business to make a profit or can't...
What about Free Liquidation?
Liquidations are common with 1000s every year. It is just an unfortunate fact...
What is the Spongebob Plan to close a business?
The Spongebob Plan
If you have an insolvent company, and cannot afford an...
Companies in CVA - What Happens To Their Credit Rating?
When a company goes into a CVA its credit rating goes from whatever it was to a...
Advantages and Disadvantages of a Company Voluntary Arrangement or CVA
There are many advantages and disadvantages of the Company Voluntary Arrangement...
Advantages and Disadvantages of Pre Pack Administration
When is a Pre Pack Administration the best option?
A pre pack is usually the...