My Business Is Failing – How Can I Save It?
My Business Is Failing – How Can I Save It?Licensed Insolvency Practitioners With National Coverage
KSA Group Insolvency Practitioners have years of experience with HMRC, banks, creditors, suppliers, shareholders, lenders etc. and we know their likely impact on your business. In many cases, you may not be the best person to judge your business’s viability as you are too close to it. Reality check the situation with us and we can advise further and follow up with a free meeting for piece of mind.
Save your Birmingham company by using a Company Voluntary Arrangement or CVA This allows the insolvent company to slash costs and be able to pay off some, or all, of its debts over 3- 5 years. The arrangement, once agreed, is overseen by an insolvency practitioner.
If the company cannot be saved, and you do not believe that a 3-5 year extension on your debts is affordable, via a CVA, then we can conduct a quick and professional liquidation. It is important to act if you believe that your company is insolvent. Failure to act can leave you exposed to personal financial risk. As above, you can call Gary direct and he can explain the process. Once you appoint us, We can act as insolvency practitioners in Birmingham and can stop creditor pressure and put the company into voluntary liquidation in 4 weeks. After the creditors meeting we take over and your duties as a director cease.
An MVL is a voluntary procedure to wind up the affairs of a SOLVENT company. This means that cash and assets can be distributed to the “members”. See this page about our services
The total costs do rather depend on the amount of work involved. Obviously, the more creditors there are and the more complicated the picture in terms of loans, property, company structure etc then the cost will be higher but for a simple liquidation with 1 or 2 creditors start at £4000 + VAT
KSA Group Ltd is a firm of business advisors and licensed insolvency practitioners acting in Birmingham and the whole of the UK. KSA Group Ltd is a limited company registered in England & Wales. Details of which can be viewed at www.companieshouse.gov.uk under Company number: 3316444 Our VAT number is GB 652 263546
Gary has been with KSA Group Insolvency Practitioners since late 2010 and is now overseeing the work of all our Regional Managers as well as covering his own area of the South and Midlands. He is passionate about helping companies having been an owner and a director of a number of businesses in industries including pubs, catering, road haulage, and retail.
He has a very broad business experience and will listen to directors with empathy and offer good advice on how a business could be turned around. He is particularly keen on the company voluntary arrangement mechanism and how it can help struggling businesses.
He aims to meet with worried directors within 24-48 hours to get a better understanding of the problems, explain all the options available and formulate a no-nonsense, workable, recovery plan. Gary can come and meet you in Birmingham and discuss options for your insolvent company.
Gary divides his spare time between walking his dog and spending time supporting his son’s rugby & music activities.
My Business Is Failing – How Can I Save It?
My Business Is Failing – How Can I Save It?