Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Friday, 3 April 2009

KSA Group - Current Turnarounds and Rescues

KSA Group - Current Turnarounds and Rescues:



News of some successful rescues from the last few weeks; its been a busy period for KSA since before late 2008. Over the last 3 months we have been working on 36 clients across the UK, here is a sample of the type of clients we have been advising.


  • Data storage design and consultancy, sales of £2m - CVA (see here for testimonial from the MD) 45p in £1 for unsecured creditors

  • Screen media - installation, bespoke software management systems for online content management of adverts sales of £1.4m - CVA 67p in £1 for unsecured

  • Social housing building and maintenance, sales of £11m - CVA 51p in £1

  • Drinks distributor £800k sales - CVA 34p in £1

  • Mechanical & electrical contractor, sales £4.5m - CVA 40p in £1

  • Commercial painting and decoration, sales £2m - CVA- 39p in £1

  • Manned guarding , sales £4m - CVA -27p in £1
  • Bathroom products wholesale and retail, £2.2m sales - CVA 40p in £1
  • Commercial printers, sales £8m - CVA 42p in £1
  • Solicitors and estate agents, £3.5m. CVA - first CVA for a LLP in the UK
  • 2 Estate Agencies - CVA's both unfortunately followed by liquidation as sales post CVA fell even further than planned
  • Small accountancy practice, sales £300k - CVA paying 31p in £1
  • Motor dealerships, sales £80m. Informal restructuring advice followed by Administration
  • Cranes and plant & equipment inspection, sales £400k. CVA 33p in £1
  • Hardware and Software distribution, sales £4.5m - CVA paying 100p in £1 in 3 years
  • USA listed UK trading plc, sales £10m - group CVA's paying 25p in £1. Nearly 6,000 US shareholders and £20m of debts






As a professional advisor if you have any similar clients who need to take action to restructure their company, why don't you call one of KSA Group's experts to discuss?




  • Keith Steven (London and South East) on 07974 086779;

  • Iain Campbell (North) on 0771 7860704;

  • Hugh Gabriel (South West) on 0777 3965386;

  • Paul McNulty (East England and East Midlands) on 0785 3828602

  • Gordon Boden (West Midlands) on 07974 948804

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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