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.
Retail Insolvency Case Studies
Every business is different, however there are particular issues that retailers face which are unique to the sector.
The following can put pressure on cashflow:
- Location
- High business rates
- Traditional shops have competition from online retailers
- High rent
- Keeping sufficient stock
- Expensive parking for customers (if retailer in city centre)
- Retention of Title clauses
As turnaround practitioners, our specialists can help tackle these issues with you to get your retail 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 restructured many small and national chains of retailers with their expertise.
Want to know how to close non performing stores without redundancy costs and future rents/rates?
Call the CVA expert Keith Steven now on 0800 9700539 or 07974 086779 for free expert advice and a talk through your options. We can visit you onsite to discuss your specific situation.
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