The TMA UK's Regional Seminar on CVAs in Action was a great success. A special thanks to Rachael Campbell and Gateley LLP for hosting the event and Jonathan Reeves of Set up and Go who helped organise it by coordinating the hosts, us the sponsors, and the TMA to bring it all together.
43 people attended and heard about how CVAs can be a powerful and flexible tool for directors and investors in distressed companies. The attendees learnt how the mechanism can change management, cut the cost base and rescue businesses ranging from Zoos to Retailers. Also they heard about CVAs from a Landlords perspective and why in some cases they do feel that they are unfairly treated. Rachael Campbell have acted for Fitness First Landlords who sought to challenge the CVA.
A few drinks and food afterwards ensured that people went home with some business cards, insolvency toolkits and some new knowledge and rekindled enthusiasm for the rescue mechanism.
A few common myths were dispelled such as HMRC won't support them and that redundancy compensation will be paid by the government as it is an insolvency event.