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Our CVA Case Studies

Licensed UK Insolvency Practitioners FREE Meeting for Company Directors We can help with serious company debts, HMRC and creditor pressure, VAT/PAYE/Tax arrears, cashflow problems and raising finance.

Below are just a few brief summaries of CVA case studies we have achieved


 

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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.

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Concessions made for the duration of one year, particularly by landlords, ensured all seven restaurants continued trading and saved 50 jobs.
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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.

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The business and assets were then sold. Under the new ownership, the course remained open and existing memberships honoured.
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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.

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The company exited administration and entered into a Company Voluntary Arrangement and subsequently opened a restaurant in new premises.


Despite this being a profitable business, the delay of several key contracts was having a negative impact on cash flow. After reviewing the company’s financial position, we arranged for a short-term loan to be put in place, allowing the company to continue trading while awaiting payments from the delayed contracts to be made.
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Jonathan Munnery
Andrew MacKenzie
Julie Palmer
Thomas Mckay
Keith Tully
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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.
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