An opportunity exists to acquire the business and assets of this UK based company.
When advising distressed companies, and refinance and delayed payment options are exhausted, then the choice for management is often between a CVA and a pre pack. In this blog we look at the factors to be considered when deciding which if either are suitable. The individual circumstances will determine the choice but in general the following is appropriate.
KRE Corporate Recovery Limited are engaged to facilitate a sale of the business and assets of an established precision injection mould-making business.
The reason for sale is retirement of the founders and owner and significant interest is anticipated. We would emphasise that this is not a distressed sale.
One of the key principles of being a director is the ability to act on the company’s behalf without personal liability (unless voluntarily agreeing to guarantee certain company liabilities). Contrast this with the risks of a sole trader and it is easy to see the personal protection that is afforded to a director of a limited company.
Professional Indemnity Insurance (PII) has long been a problematic area for many professional services firms. It is typically expensive and with less and less providers in the market, can be difficult or even impossible to obtain.
An opportunity exists to acquire the business and assets of this UK based consumer insight and predictive analytics business, a market leader in the combination of real time mass consumer insights with machine learning to analyse the match between brands and music used in branding (sonic branding) and music used in marketing.
As the impact of the pandemic recedes, we are advising a significant number of companies who are seeing profitability return but are weighed down by the government-guaranteed loans and arrears to HMRC, which they were advised to take on during the pandemic.
Background The British Property Federation (“BPF”) estimated that by 30 June 2021, £7.5 billion of commercial rent was in arrears. Whilst some agreements between landlords and tenants have been reached since then, further arrears have also arisen and latest estimates...
Dissolving a company, known as a strike off, can be a simple, cost effective way to close down a solvent or insolvent company with no assets. Technically a company can be struck off if it has creditors, but only with their consent. As part of the strike off process the board needs to tell the following “interested parties” about the intention to strike off.