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
What is a Phoenix Company And Are They Legal?
A phoenix company is a new company that rises "from the ashes" of a previously...
Statement of Insolvency Practice 16 | SIP 16
The statement of insolvency practice (SIP 16) is produced by the Insolvency...
Pre pack liquidation
A pre pack liquidation is where a company has gone into liquidation but almost...
What is TUPE? How does it apply in pre pack administration
TUPE stands for Transfer of Undertakings (Protection of Employment). Generally,...
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Pre-pack administration and liquidation restarts (phoenix companies) are both...
Pre pack Administration Rules and Procedures
A pre pack administration process is where the assets of the company are...
Advantages and Disadvantages of Pre Pack Administration
When is a Pre Pack Administration the best option?
A pre pack is usually the...
CVA versus Pre packs - The Great Debate
With H.M. Governments Insolvency Service planning yet another review of the...