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 marketing companies face which are unique to the sector.
In some respects, it is a little easier to run the business than say retailing, as there are no stock issues, however there are other problems which can put pressure on cashflow.
Problems that can occur include:
- Reluctance from clients to invest in the right marketing
- Everyone has access to marketing expertise online
- Tough competition
- Cost vs. results
- Client not knowing what type of service they want
- Clients not understanding your value proposition
- People want all-singing marketing experts, when your expertise is narrower
As turnaround practitioners, our specialists can help tackle these issues with you to get your marketing /online 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 9700539 for free expert advice and a talk through your options. We can visit you onsite to discuss your specific situation.
We have worked with many agencies in this sector, we have rescued and restructured marketing firms and refinanced them. We can effect a very quick change in ownership through a “business assets sale” or BAS for short. This avoids the need for pre pack administration. Interested?
Call the BAS expert now Keith Steven on 07974 086779.
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