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.
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.
Written ByKeith Steven
Turnaround Director
Keith is the Turnaround Director of RMT Accountants & Business Advisors. Prior to being acquired by RMT The company as KSA Group has undertaken more CVA led rescues than any other firm. Read our case studies to see how.
Arnold Laver In Administration Threat
National Timber Group England Files Notice of Intention to Appoint Administrators National Timber Group England, one of the UK’s largest timber suppliers, has filed a notice of intention to appoint administrators, putting more than 1,000 jobs at risk as the business seeks urgent restructuring and rescue options. The Sheffield-headquartered division, based on Bramall Lane, forms part of National Timber Group Midco, which has also submitted a notice of intention to appoint administrators, indicating financial challenges across the wider group. The business operates a nationwide network of timber distribution and processing sites, trading under several well-known sector brands including Arnold Laver, National Timber Systems, SV Timber and NORclad. Branches in Alfreton, Nottingham and Leicester are among those expected to be impacted.The Financials The group’s most recent accounts, covering the year ending 31 December 2023, reported: Turnover: more than £196 million Pre-tax losses: £6.3 million Headcount: over 1,000 employeesDespite its scale and longstanding market presence, rising costs and weakening demand across the construction sector have contributed to sustained trading pressures.A Century-Old Timber Business National Timber Group England traces its origins back to 1920, when it was founded in Sheffield by Arnold Laver. Over more than a century, it has grown into a major supplier to: joinery manufacturers housebuilders and contractors large-scale infrastructure projectsThe business is supported by extensive warehousing, processing and distribution capabilities, making it a critical part of the UK timber supply chain.What the Notice of Intention Means A Notice of Intention (NOI) to appoint administrators typically provides the company with a short period of protection from creditor action. During this time, options may be explored including: a refinancing or investment deal a sale of the business a restructuring process such as a Company Voluntary Arrangement (CVA) a trading administration if no buyer is found immediatelyThe goal is generally to preserve as much of the business and employment as possible.Sector Impact The construction materials sector has faced sustained challenges, including: reduced housebuilding activity inflationary pressures on imported timber higher financing and logistics costs contractor insolvencies affecting supply-chain payment cyclesNational Timber Group England’s situation is likely to have implications for timber availability and pricing, particularly for joinery and housing developers.Next Steps Administrators are expected to be formally appointed once the NOI period ends, unless a rescue option is secured beforehand. Suppliers, customers and employees are awaiting further updates as the restructuring process progresses.
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