Southern Based Roofing Company Saved by CVA

21 October 2013

The directors of the company approached KSA Group after reading our website www.companyrescue.co.uk as their business was under distress.   Turnover to 30th April 2012 was £1.1m which was a fall of £122k compared with the previous year, gross profit fell proportionally.

The company also encountered financial difficulties due to:

  • A combination of historic bad debt write-offs
  • Increased client price sensitivity
  • The economic downturn
  • Poor management practices.
  • HMRC levied distraint against company assets (Walking Possession) for an unpaid VAT liability

Read our case studies below to see how we saved other businesses like this;

https://www.companyrescue.co.uk/case-studies/cva-case-studies