Written ByKeith Steven
Managing Director
Keith is the Managing 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.
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
See details and a review of the Birmingham Event
See details and a review of the West Sussex Event
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.
Moorecraft Pottery Is The Latest Potter To Go Bust
The directors of Moorcroft Pottery have announced the firm has ceased trading after over 100 years, resulting in 57 job losses, according to the GMB Union.In a social media post on Wednesday, the Stoke-on-Trent firm said it had appointed Moore Recovery to handle voluntary liquidation. No reason was given, but rising energy costs have been cited by industry sources.In March, Moorcroft had warned of possible redundancies due to higher costs and falling sales. The closure is another hit to Stoke-on-Trent’s pottery sector—known as The Potteries—which received World Craft City Status last year. Its tourism site states: "We are the World Capital of Ceramics."2025 has been a difficult year for the industry. Royal Stafford also went into administration in February. Other closures include Dudson (2019), Wade (2023), and Johnsons Tiles (2024).In March, Moorcroft reported energy costs had risen by £250,000 in two years. Keith Brymer Jones said no business could survive that."It's incredibly sad news," he told BBC Radio Stoke. "We've been crying out for support for the ceramics industry and Stoke-on-Trent as a whole for years. It's never been considered a major industry in this country."Rob Flello of Ceramics UK urged government intervention. "Successive governments have just hammered the UK ceramics industry with things like carbon taxes and a whole raft of other taxes that these cheap imports just don't have to worry about,"* he said.Chris Hoofe of GMB added: "The closure of Moorcroft is devastating news for workers and their families, but unfortunately it's not a surprise."The Department for Business and Trade stated: *"We know this will be a concerning time for Moorcroft Pottery workers and their families... ensuring the industry is globally competitive as part of our Plan for Change."Brymer Jones emphasized the broader impact: "It's 57 families that are connected to those jobs and the surrounding area... We're bloody good at making stuff here... and we literally can't afford to lose this skillset."Moorcroft has operated in Burslem since 1913. Founded in 1897 by William Moorcroft with help from Liberty, the firm gained royal recognition in 1928 and was later featured in the Royal Collection. The brand has also been favored by US presidents and British prime ministers.Royal Doulton went bust earlier this year. The main driver of this failures is the increased energy costs and the inability of the potters to compete with low cost imports that are not subject to the same costs or environmental controls.
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