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

Wednesday, 21 April 2010

Portsmouth owes £120m: Administrator may propose a CVA

A massive amount of debt was paid to the tax man but it appears that £120m of debt remains.

For those of you interested, you can download the administrators proposals including the proposal that, in time, a CVA (company voluntary arrangement) be put to creditors.

A meeting of creditors has been called for General Election day (6th May).

See here for the URL to download http://www.uhy-uk.com/media/news/PFC%20-%20Report%20to%20creditors%20Adobe%207.pdf

See page 64 for the administrator's time costs

No comments :

Post a Comment

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.

Web Analytics