This company provided call centre support services to sales companies, sales of £450,000. Once again fast growth was not underpinned by enough capital. Then the company lost a big customer and could not pay VAT and PAYE. A winding up petition was issued and we got it suspended quickly.
We built a CVA with around 100,000 of unsecured creditors money and restructured it over 5 years paying back £49,000 at £1,000 a month over 60 months (the balance going to the supervisors costs).
That is what a KSA CVA is a flexible way of restructuring debt to help survival and recovery.
As is quite common in our cases, the company was then sold to another similar but much larger company and the CVA continues to be paid off some 3.5 years on.
THINK THIS INNOVATIVE TURNAROUND APPROACH COULD BE A USEFUL TOOL TO HELP YOU? THEN YOU NEED TO TALK TO US NOW.
CALL 0800 9700 539 AND ASK FOR KEITH STEVEN.