In the last couple of years, many high street names have failed as sales have not recovered post-pandemic. It seems that when times get tough, undercapitalized companies suffer most. Having to meet bank covenants, pay business rates, and make rent payments on loss-making stores is an impossible juggling act to achieve.
Without resorting to shareholders for capital or new debt facilities, many retailers are entering protective insolvency or trying to restructure to survive. This is where a Company Voluntary Arrangement (CVA) can be an incredibly powerful tool. A CVA allows a retail group to restructure and cut loss-making activity.
A CVA can help you:
We can assist with exiting non-performing properties and shopping centers, which stops rent payments and prevents landlords from taking recovery action.
At RMT KSA, we help our clients with deal structure, turnaround management, and building proposals and financial forecasts. We help drive the deal with creditors and assist the board through the crisis. Our approach is cost-effective and powerful with minimal cashflow consequences.
We have helped many retailers restructure using a CVA, and our clients can vouch for our work.
“Keith – what you achieved for our company was excellent. Without your help in reorganizing the company’s store mix and debt, I know that we would have gone into liquidation.”
If you are a retailer with serious financial problems, talk to us now about how we can help. Our experts can advise on how to restructure and cut loss-making activity.
Written ByRobert Moore
Marketing Manager
Rob has over a decade of experience in web and general marketing. He has extensive knowledge of the Insolvency sector and has helped many worried directors with their questions.
Rob is now working with the Board at RMT KSA to develop strategic marketing programmes to support the business plan and drive more company rescues.
