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 publishers face which are unique to the sector.
One of the biggest problems at the moment is the threat of online publishing and free newspapers, magazines and books. Maintaining a quality product at an affordable and low cost is difficult, especially when other products are marketed as free. Other problems include:
- Online competition
- Subscription liabilities
- Work can depend on success of advertisers
- Outsourcing work (art, printing, research etc)
- Issues with freelancers
As turnaround practitioners, our specialists can help tackle these issues with you to get your publishing or media 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.
KSA has worked with book publishers, music publishers, video game and online publishers. We published the world’s first guide to turnaround and insolvency in this website in 1999!
Talk to our expert in turnaround Keith Steven on 07974 086779 now. Or 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. There is no fee to pay for this meeting and initial advice.
CVA Summary for “GBS” name withheld:
Sales forecast to be £1,800,640 in the...
KSA was invited to review this marketing and print management company with circa...