Birmingham company saved by a CVA
This Birmingham company provided support, computers, PDAs and software to a national roadside recovery firm with over 300 systems on the roads. It had over expanded into new property/lots of new people. So after winning that contract the directors thought the company could be all things to all similar clients! The world is a much harder place of course.
We took it back to core sales and products and borrowed around £400,000 of unsecured creditors money and restructured it over 5 years paying back £220,000. That is what a CVA is of course! A good deal for creditors and the company.
For all you doubters out there, the blue chip client is aware of the CVA and continues to work with our clients.
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.