Retail Warehouse Saved With a CVA According to KSA’s managing director, Keith Steven “With the loss-making store shuttered, the company will be able to focus on sales through its profitable retail store and online sales platform, both of which have previously performed well financially. This instance demonstrates the significant impact that a well-structured CVA may

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

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

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

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

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

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,

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.