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

Thursday, 27 May 2010

Portsmouth City Company Voluntary Arrangement; CVA plus Hive Across?

In an interesting article in the Accountancy Age the CVA for Portsmouth is being described as unprecedented.


http://www.accountancyage.com/accountancyage/news/2263755/portsmouth-fc-heading

Lets wait and read the proposal before passing comment. It appears to be a hive out of the business with newco effectively paying CVA creditors. KSA has been using this process for some years!

See our guide page here....... http://www.companyrescue.co.uk/company-rescue/options/cva-hive-down

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