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

Wednesday, 12 January 2011

Haulage business uses CVA - A case study


A company voluntary arrangement (CVA) was used to rescue a haulage business in East Anglia. The CVA tool was the preferred choice of rescue tool over pre-pack administration because of the operator's licence (OL) issues. A CVA allows the operator's licence to remain in situ with the company, whereas in a prepack administration there would have been a major logistical problem getting the OL, especially for a new clean company - how would it show that it had sufficient working capital to satisfy the operator's licence rules?

For the detailed case study please refer to our page on KSA Group uses a company voluntary arrangement to rescue a Haulage business in East Anglia


Further examples that KSA has turned around or closed in the haulage sector:
Car transport and Caravan transport Company £2.5m sales; CVA and hands on turnaround management for 12 months
Cold Store and Logistics companies with group sales of £10m and 1m space under management CVA’s

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