Knowing you are dealing with a reputable and regulated company will help ease your mind when deciding who to entrust with your company problems. With over 400 staff and 40 offices nationwide, we are well-established and perfectly placed to support company directors, owners and shareholders. View some of our case studies below.
CASE STUDY 1 - RESTAURANT GROUP SAVED BY A CVA - Following considerable business expenditure just before the recession, a group of restaurants were then hit by the economic downturn. The company experienced significant trading losses and faced substantial arrears, including HMRC debts. Our team of corporate recovery experts proposed a Company Voluntary Arrangement (CVA) which was subsequently approved by creditors.
Concessions made for the duration of one year, particularly by landlords, ensured all seven restaurants continued trading and saved 50 jobs.
CASE STUDY 2 - SUCCESSFUL SALE OF GOLF CLUB - A golf club in the North of England ran into financial difficulties due to the impact of the economic downturn. We initially supervised a Company Voluntary Arrangement (CVA) based upon selling the course to repay creditors, allowing the business to continue trading while a new owner was sought.
The business and assets were then sold. Under the new ownership, the course remained open and existing memberships honoured.
CASE STUDY 3 - HIGH PROFILE RESTAURANT ENTERS A CVA - Operators of a restaurant in London went into administration on expiry of the lease and negotiations with the landlord failed. Rent over £1m p.a and a large dilapidation claim made trading unprofitable. We then handled the administration; trading ceased and approximately 100 staff became redundant.
The company exited administration and entered into a Company Voluntary Arrangement and subsequently opened a restaurant in new premises.
Wednesday 20th July, 2016 Written by Keith Tully
A deal has been agreed that should see the Store Twenty One clothing retailer rescued from collapse but the business is nonetheless set to close 77 of its branches around the UK.Learn More…
Wednesday 29th June, 2016 Written by Keith Tully
Plans for a Company Voluntary Arrangement (CVA) have been put together on behalf of the fashion retailer Store Twenty One as the business looks to significantly reduce its outgoings and avoid collapse.Learn More…
Friday 4th March, 2016 Written by Keith Tully
British Home Stores (BHS) looks set to enter a Company Voluntary Arrangement (CVA) as part of a major overhaul designed to reduce the retailer’s overheads and re-establish its business on a firmer financial footing.Learn More…
20th February 2017 Small companies throughout London are worried about the prospect of seeing significant rises in business rates increase their overheads.
15th February 2017 The growth of what has become known as the gig economy is costing HMRC in the region of £75 million in lost tax revenues every week, it has been claimed.
14th February 2017 Growth in the UK economy will slow down considerably over the course of this year and next, according to the European Commission.
14th February 2017 The Co-operative Bank has been put up for sale in its entirety four years after it came perilously close to collapse before being acquired by US hedge funds.
9th February 2017 Notably strong consumer spending helped to keep the UK economy on track in recent months despite the ongoing uncertainty surrounding the country’s exit from the European Union.
Every day we help companies just like yours turn things around against seemingly impossible odds, regardless of your situation we can help. Find your nearest office today.