KSA Rescues 3 Large Companies in 3 Months. We Can Help Your Clients!

• Multiple furnishing/home superstores retailer in North West. Two superstores. One very profitable, the other bleeding cash and losing £1.1m per annum
• A creative company voluntary arrangement was used to terminate rental and rates obligations on the non performing store. Saving rent of c£900,000 per annum.
• Total annual fixed and overhead costs that have been cut by £2 million across the business.
• Sales are forecast to be £10m in the first 12 months of the CVA period. Strong profits forecast.
• Number of employees jobs saved is 67. Number of employees roles made redundant is 42. Costs of redundancies and lieu of notice claims will be met by the Government’s Redundancy Payments Service.
• £4.5m of secured bank debt unaffected.

KSA Group saved 65 jobs at a brewery company.

With a combined VAT, beer duty, PAYE and NIC liability of £1.35m this was a complex time to pay deal.

Our modelling team put together forecasts showing the working capital required to continue the company’s fast growth, coupled with an affordable time to pay deal. Investors and members injected over £750,000 after the TTP was approved by HMRC.