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
KSA Group welcomes Adrian Ohio (LLB Hons) to the team as the Regional Manager responsible for the Manchester area. He will be based at our office at 51 Brown Street. Adrian Ohio is a trained solicitor (6 years PQE) who has his own commercial litigation practice. As such, he has an exacting eye for detail
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.
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
AN INVITATION KSA Group Ltd has great pleasure in inviting you to The Great CVA Debate (Free to attend) Are current CVAs for national retail chains being used fairly and ethically? on Thursday 7th November 2018 Reception at 5.30 pm Debate 6.30 pm at KSA Group’s Offices 99 Bishopsgate London