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.
The administration was a consequence of the challenging economic climate, but also the long-term lease commitments to the landlords of the stores. Attempts were made by the company to renegotiate lease terms, however, these proved unsuccessful. The administration of the company became inevitable. The subsequent sale was a positive result and has safeguarded the jobs of those working for the company.Read the Case Study View all Case Studies
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…
17th May 2017 As many as one in four SMEs throughout the UK are reliant to some extent on the services of ‘gig economy’ workers, according to new research on the subject.
11th May 2017 Small companies throughout the UK could be facing a “business support black hole” in the next decade if funding currently allocated to them from the European Union is not replaced after Brexit.
2nd May 2017 The number of company directors who have been banned from leading or forming businesses for five years or longer reached a six-year high during 2015/16, according to the latest figures on the subject.
27th April 2017 A major creditor to Bolton Wanderers has issued a winding up petition against the football club in relation to a £5 million loan given to the organisation last year.
26th April 2017 HM Revenue & Customs (HMRC) officers have raided the offices of two of England’s largest and best known football clubs over issues relating to suspected income tax and national insurance (NI) fraud.
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.