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
A Company Voluntary Arrangement CVA or a Formal Time to Pay Agreement
The main advantage of a CVA over TTP is that you can write off a proportion of...
Retailer rescue with CVA
Are you a retailer with serious financial problems?
Have sales not recovered...
What if I Can't Pay Back My Coronavirus Business Interruption Loan (CBILS)
Directors may worry that they may not be able to pay back CBILS loans that have...
The HMRC debt collection process
HMRC is what is called a “sophisticated creditor” in that they know all the best...
Insolvency advice for Pubs, Bars, Restaurants and Hotels
My public house is under pressure I can't pay HMRC or the business rates.
How...
Company restructuring following Covid
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Negotiating a Time to Pay with HMRC
If you are unable to pay your taxes on time, you have the option of negotiating...
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...
The Costs of Voluntary Liquidation
Voluntary liquidation is an effective way to close an insolvent business,...
Investigation of Directors over Covid Loans and Furlough
New legislation has been enacted to make it easier to investigate and prosecute...
I can't pay VAT or PAYE - Will HMRC give me time to pay?
What happens if we can't pay our VAT or PAYE bill to HMRC on time? What can we...
Are your PAYE payments to HMRC in Arrears?
PAYE is short for Pay As You Earn and is basically where the employer deducts...