KRE News

Company Voluntary Arrangement (CVA) or Pre Pack Administration (Pre Pack)?

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.

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PROJECT SHAPE (NON-DISTRESSED BUSINESS FOR SALE)

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.

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Directors’ Loan Accounts – A ticking time bomb?

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.

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Business and Assets for Sale – Project Pecan

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.

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CAN I STRIKE OFF MY COMPANY IF IT HAS A BOUNCE BACK LOAN?

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.

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