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
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...
Making Employees redundant in a CVA
It is possible to make staff redundant at no cost to the business by going into...
Can I Strike Off A Company With A Bounce Back Loan
If you have a bounce back loan which you cannot pay back, you may to tempted to...
What is the Spongebob Plan to close a business?
The Spongebob Plan
If you have an insolvent company, and cannot afford an...
What Does Striking Off Mean For A Limited Company?
The term Striking Off simply means the removing of the limited company from the...
I Can't Pay My Business Rent - A Landlord and Tenants Guide
If you cannot pay the rent for your commercial premises due to the Coronavirus...
How can I adjourn or stop a winding up petition?
It is possible to adjourn a winding up petition to give the company more time to...
Joint and Several Liability for Debts in A Partnership
Joint and several liability implies that all members are liable for the...
What Is A Preference Under The Insolvency Act 1986?
What does a preference mean in the context of the insolvency act?