In essence, a Company Voluntary Arrangement (CVA) is a formal agreement between a company and its non-secured creditors to offer them a better outcome than they would receive if the company were forced into an alternative insolvency process, namely administration or more typically, liquidation. It usually involves allowing a company to continue to trade following […]
Read moreThe director of a scrap metal company approached Bailey Ahmad when he decided to close his business and retire. He sought our help to extract the value of his shares in the company (over £1.3 million) in the most tax efficient manner possible.
Read moreWe were approached by the directors of a brasserie-style restaurant that had lost trade due both to the recession and increased competition. Cash-flow problems ensued, followed by increasing tax arrears. The directors responded by ceasing shareholder dividends, cutting costs and reducing overheads. These measures, whilst stabilising cash flow, did not raise sufficient surplus cash to reduce the companys historic debt burden.
Read moreThe director of a group of solvent companies approached Bailey Ahmad when he decided to sell the groups multiple business interests with a view to his retirement. He sought our help to extract the value of his shares in the group (around £550,000) in the most tax efficient manner possible.
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Paul Bailey and Tommaso Ahmad are licensed insolvency practitioners in the UK and are regulated by the Institute of Chartered Accountants in England & Wales. We are also members of R3 - The Association of Business Recovery Professionals.
