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.
Newcastle Insolvency Practitioners Specialists in CVA, Liquidations and Turnarounds
Eric Walls our Director of Insolvency and Turnaround heads up our Newcastle and Gateshead Office. As a licensed insolvency practitioner Eric is the supervisor of our CVAs and the administrator and liquidator of a number of companies. This office deals with all creditor liaison once a company has entered a formal process.
Eric is happy to meet directors at the offices to discuss all the options such as a CVA, Liquidation or Pre Pack Administration
You can call him directly on 07787 278 527.
Want to liquidate your Newcastle company?
If the company cannot be saved, and you do not believe that a 3-5 year extension on your debts is affordable, via a CVA, then we can conduct a quick and professional liquidation. It is important to act if you believe that your company is insolvent. Failure to act can leave you exposed to personal financial risk. As above, you can call Eric direct and he can explain the process. Once you appoint us, we can stop creditor pressure and put the company into voluntary liquidation in 4 weeks. After the creditors meeting we take over and your duties as a director cease.
Members Voluntary Liquidation Services (MVL)
An MVL is a voluntary procedure to wind up the affairs of a SOLVENT company. This means that cash and assets can be distributed to the "members". See this page about our services
How much does liquidation cost?
The total costs do rather depend on the amount of work involved. Obviously, the more creditors there are and the more complicated the picture in terms of loans, property, company structure etc then the cost will be higher but for a simple liquidation with 1 or 2 creditors start at £4000 + VAT