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Wednesday, 2 July 2014

Two CVA case studies: Locksmith and Construction company

See below for our two new CVA case studies:
https://www.companyrescue.co.uk/case-study/cva-case-study-scottish-based-locksmiths
https://www.companyrescue.co.uk/case-study/cva-case-study-bristol-based-company-in-construction-sector

The first case involves a locksmith company that suffered with cashflow due to the recession. After cutting costs throughout the business, it was still necessary to go into a CVA to ensure the company could continue trading.

The second case looks at a company in the construction sector which faced financial difficulty due to poor accounting and undercapitalisation. Many issues were recified, however there was still an outstanding debt problem which led to HMRC taking walking possession.

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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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