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.
Education / Training Sector Insolvency
Every business is different, however there are particular issues that the education and training sector faces which are unique to the industry;
- Strict teaching guidelines
- High overheads for rent (venues for training)
- Regulation, immigration policies and Influence from government
- Fixed costs associated with training venues
As turnaround practitioners, our specialists can help tackle these issues with you to get your training or education 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.
CVAs can be sued in this sector with success. Speak to one of our managers to set out your recovery plan. Call us on 0800 9700539 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...