See below for our two new CVA case studies:
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.