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.
Russell Mallen
Associate Manager Birmingham
work 07989 575933
Russ is very experienced in the provision of quality accounting information in distressed situations.
Often our clients have a breakdown of accounting and reporting in the stress that insolvency can bring.
Russ is very experienced in the provision of quality accounting information in distressed situations.
Often our clients have a breakdown of accounting and reporting in the stress that insolvency can bring, Russell will oversee a deep review of the systems and reporting, tidy up the balance sheet and profit and loss and set out meaningful information for the directors and their advisors. After this he will help build detailed financial forecasts for any CVA or restructure.
In one example KSA rescued a manufacturing company in the West Midlands and we quickly found that the records were appalling despite the company employing a FCA finance director. After KSA was appointed, he was asked to leave and Russ brought a team of 4 experienced accounting people into the company within 2 days to reconcile and collect the debtor book, reconcile multiple bank accounts, oversee invoicing and liaison with the factoring company and the bank.
Cashflow was rapidly improved and the company recovered sufficiently to propose a CVA. This hands on CAN DO attitude is typical of Russell and his team.
Call Russell on 0121 378 0671 or 07989 575 933.