KSA Group Seminars

Published on : 4th October, 2017
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  • Where can I learn about how to save my client’s businesses?
  • 3 Seminars that we held in Birmingham, Crawley and Bristol were a great success.

Where can I learn about how to save my client’s businesses?

KSA Group Seminars!! At KSA Group we are passionate about saving companies and feel that education is the key for business people and their advisors to ensure that good viable businesses are not thrown away. There is much ignorance about the rescue mechanisms available, such as informal turnaround, or company voluntary arrangements, and it is often the case that business people leave it too late to act to solve cashflow problems.

What is more, saving a viable business should be an aim of many company’s advisors. Many of these seminars are aimed at advisors that will learn that they can keep a client and be renumerated for helping to bring about the turnaround.

We have already held seminars in London, Edinburgh, Birmingham, Nottingham and Crawley to spread the word. If you want to attend any of these events and would like to have details of the next one then you should get in touch.

Upcoming Seminar is to be held in Leeds on the 20th of June. CVA’s explained and debated. Please get in touch with robertm@ksagroup.co.uk if you want to attend

Next Seminar is Turnaround from a Local, National, and International Perspective to be held in Reading on June 12th.

Latest Seminar to be held was CVA versus Pre Pack debate on the 8th May 2013 in London. Read the review of the event published in Accountingweb.co.uk

Bromley 18th April 2013 – The Kent Triple A event was well received and it was interesting to hear HSBC’s approach to lending requests from small businesses. 

Seminar in Nottingham on the 19th March 2013

This CPD event was a great success with over 30 people in attendance.

3 Seminars that we held in Birmingham, Crawley and Bristol were a great success.

Seminar Edinburgh 19th February 2013

The meeting was addressed by a lawyer, a funder and a turnaround professional, who – drawing on their considerable experience in the field of restructuring – explained some of the options available to distressed companies in order to survive in the current tough economic conditions. The event was a sell out

Date: Tues 19 Feb, 6pm
Venue: Gillespie Macandrew LLP, 5 Atholl Crescent, Edinburgh EH3 8EJ

KSA Group along with HSBC, Turnaround Management Association (UK), and Advantage Business Partnerships hosted and sponsored free evening Seminars in Birmingham and West Sussex

KSA Group are Gold Sponsors of the Turnaround Management Association UK and we will be sponsoring events throughout 2012/2013

Attendees at these events will get our our USB toolkits with hundreds of pages on how to save companies.

KSA Group are keen to explain the benefits of the CVA mechanism to as wide a range of people as possible. As such, we were presenting at the Turnaround Management Association in Birmingham which was attended by 43 people. You can see the video of Keith Steven presenting below.

We also aim to bring the CVA mechanism to the attention of professionals in Scotland. We held a seminar in Edinburgh on the subject which was well attended. In 2011 there were a total of 14 CVAs done in Scotland compared to 765 in England and Wales….Recent statistics out has shown that only 1 CVA was approved in the first quarter of 2012.There are some legal issues as to why it is harder to get a CVA approved in Scotland but the differences do not account for the huge disparity.

Keith Steven

Written ByKeith Steven

Turnaround Director


07879 555349

Keith is the Turnaround Director of RMT KSA Insolvency Practitioners which has been established for 25 years. The company has undertaken more CVA led rescues than any other firm. Read our case studies to see how.

Keith Steven
PPe

PPE Medpro in Administration Move

PPE Medpro Limited, linked to Michelle Mone and Douglas Barrowman has filed a notice of intention to appoint administrators.  This follows the judgement by the High Court today that they must repay the government £122m for supplying non-compliant surgical gowns to the NHS.It should be noted that the intention to appoint administrators is a way of protecting the company from aggressive creditor actions, such as winding up petitions.  It gives the company protection for 10 days whilst it tries to rescue the business.  This might be additional finance or a sale.However, following the loss of the High Court battle many will ask can the government get its money back.  There may be legal appeals, so it may not be the end of the matter.  However, if the company does go into administration, which needs to be likely in order to be allowed to file the "intention" then it will be difficult to get money back.  The company only has assets of £666k having spent £4.2m on legal fees.The company will be run by the admistrators and most likely put into liquidation very quickly as it cannot trade.  The liquidators will then have to go through all the books and records and investigate the conduct of the directors etc.  If, and it is a very BIG if, the liquidators find wrongdoing on behalf of the directors then they may be able to claim against the personal wealth of the directors or ex-directors (not Mone or Barrowman as they were never directors).  The liquidators would have to PROVE that they were fraudulent and wilfully negligent in the handling of the business/contract.  There is or has been NO suggestion that this is the case.  The argument centred around the contract and what was agreed that should be supplied.People will be angry that the PPE was not fit (according to the NHS) but that does not mean that it was the directors fault and they should be held liable.  This is simply a breach of contract case.It is worth remembering the extraordinary circumstances in which PPE procurement took place. Many companies and individuals came forward in good faith, wanting to help meet urgent demand in the Pandemic. With the pace and pressure of the situation, it was almost inevitable that misunderstandings etc would happen​.Here is what Michelle Mone had to say about the case"Today’s judgment against PPE Medpro is shocking but all too predictable. It is nothing less than an Establishment win for the Government in a case that was too big for them to lose. According to the judgment, PPE Medpro won its original pleaded case, having spent 4.5 years and £4.4 million defending it. However, on the opening day of trial, the Government pivoted to an entirely new argument, one that had never been pleaded beforehand. They claimed there was a lack of original “source documentation” around sterilisation, even though seven fully accredited sterilisation plants supplied gowns to other Governments and suppliers worldwide throughout the pandemic, without an issue. This quantum leap of faith on the part of the judge gave the government an overall win.  To use a simple analogy,  if a car looks, feels, and drives like, say, a Range Rover, then unless you can show how the car is assembled by the manufacturer, it’s not a Range Rover! That’s essentially what the judgment states, which contradicts all the evidence presented in court during the month-long trial in June of this year.   I've attached the complete press release from my husband’s spokesperson for your review. It lays bare the injustice of this judgment and the Establishment cover-up behind it."​

Read
PPE Medpro in Administration Move

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