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 with 75 UK 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.
16th September 2019
There was around a 25 per cent increase in the number of restaurant businesses entering insolvency over the course of the year to June 2019, according to the latest figures on the subject.Read More