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.
Every business is different, however there are particular issues that the care sector faces which are unique to the industry.
Problems can affect care homes, domiciliary care and the provision of agency staff to councils, NHS and the private sector.
Issues that arise:
- Finding qualified trained staff willing to take on limited hour contracts
- Delays with CRB checks
- Highly regulated, must maintain high standards
- Shrinking budgets yet increased demand
- Wage costs always rising
- Delays in councils paying
As turnaround practitioners, our specialists can help tackle these issues with you to get your care business back on track. We can go through all the available options, like expert assessment of the issues your company faces, improved financial reporting, Time to Pay deals, CVAs and pre-pack administrations.
Call us on 0800 9700 539 for free expert advice and a talk through your options. We can visit you onsite to discuss your specific situation.
CVA Summary for “GBS” name withheld:
Sales forecast to be £1,800,640 in the...