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February 20, 2024

The company RR Flexo approached KSA Group as it was having financial troubles. R.R. Flexo Limited, provided printing and film packaging services for various commercial uses, and was founded in October 1983 as a small family business initially serving the newspaper and magazine mailing industry. However, the company faced financial challenges due Covid. These challenges

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February 14, 2023

A great KSA Group turnaround story! Administration to protect the company, followed by a company voluntary arrangement (CVA), paying 100p in £1 for all creditors. Followed some years later by our client selling for millions! Murray Duncan approached KSA Group 10 years ago when his company, Paralaw Limited, was facing severe financial distress and cash flow

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May 10, 2022

Eric Walls and Wayne Harrison are delighted to announce the sale of a 40 year old flexographic packaging and printing company in the Norfolk area. The business had been trading well, with sales of over £3m per annum, until the sudden loss of a major contract. The directors sought advice from our insolvency practitioners, and

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March 24, 2021

The UK rescue culture is going to be so important when we eventually deal with the massive debts building up behind the UK’s artificially low company insolvency rates.  Post Covid-19 lockdown and the return to normality, how will companies service bounce back loans, CBILs, arrears of rent and the huge £85bn of VAT & PAYE

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February 18, 2021

Landlords had written to the Government in a plea to allow them to aggressively collect rent again.  However, the moratorium on legal action by landlords against tenants that have been unable to pay rent due to Coronavirus has been extended until 30th June 2021.  The Government said this “final extension” to offer protection from the threat of eviction

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May 29, 2020

The aim of the new Bill is to introduce to law: Corporate moratorium to protect companies in rescue procedures Cross Class Cram Down Procedure  Ban on landlords WUPs (Temp to 30/6/2020) Suspension of wrongful trading (s214 Insolvency Act 1986) Termination clauses in supply contracts (if buyer insolvent) Public company meeting rule changes etc My focus,

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April 30, 2020

This programme includes all you, as a director or advisor“need to know” to get an insolvent and non-viable companywound up, legally, effectively and efficiently. Of course, the whole corporate insolvency field is hugelycomplicated and heavily regulated by the Insolvency legislation, sothis short guide can only be a general guide for worried directorsand accountants or advisors.

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February 6, 2020

The insolvency statistics for Q4 2019 (England, Scotland and Northern Ireland) have been released. You can access the full publication here but in this article we provide an overview of the key findings. 2019 overall: In 2019, there were 17,196 underlying company insolvencies, this being the highest annual level since 2013. This was mainly driven by an increase

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