Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Tuesday, 12 September 2017

Bell Pottinger goes into administration

The PR Agency Bell Pottinger, that has made a lucrative name for itself  by helping large and sometimes controversial figures and businesses get their message across in the media, has gone into administration.  Since the news broke that they were allegedly inciting racial hatred in South Africa to divert attention from problems of their client the Gupta family and subsequently been ejected from the the trade body their clients and their own top management have been leaving in droves.

The Asian arm of the business has rebranded itself to distance itself from the other operations in a desperate attempt to conserve itself.  The firm employs just 250 people but its demise has shocked the City and the PR world as their influence and power belied their modest size.  Many FTSE companies employed their services as they were considered the best in the business.

Founded by Lord Bell who helped Margaret Thatcher rise to power and win 3 elections, many businesses wanted some of the "magic dust" that he seemed to have with the media.  Reputation of course is everything and any hint of the wrongdoing by the PR firm was always going to be extremely damaging.

It is a shame that the actions of the South African branch of the firm has in effect finished the company and will cost people their jobs.  That said the account was won by senior management and, implied by leaked emails, supported by Lord Bell himself when he was Chairman.  He did claim to have left the firm in protest over the Gupta account.

A car crash of an interview on Newsnight didn't help his own legacy but he said the firm was "finished"

It is likely that in order to try and preserve any value in the business for creditors BDO, the restructuring firm will be appointed administrators today

Friday, 18 July 2014

Our blog has moved!

We have now moved our Company Rescue Blog and incorporated it into our website.  You can see it at www.companyrescue.co.uk/blog.  


This will enable us to include relevant blog posts into specific pages of the site and keep everything under one roof.

Our Blog is to inform the business world what fantastic tools KSA Group can provide for restructuring viable companies. Our experts use CVA's, CVA and hive downs, pre-pack administrations and liquidation to restructure companies. Occasionally, we will announce insolvency notices, blog some anecdotes, opinions, comments on the industry, funny stories and actual KSA Group case studies. We welcome your contributions, comments as usual.

Friday, 11 July 2014

KSA Group Insolvency Notice

51 Surf Limited Creditors Voluntary Liquidation Notice

Meeting of the Creditors of the above named Company will be held at The Offices of KSA Group Ltd, 99 Bishopsgate, London, EC2M 3XD on 25 July 2014 at 12:15 pm.

See full notice below:
http://www.companyrescue.co.uk/insolvency-notices/51-surf-limited-creditors-liquidation-notice

Thursday, 10 July 2014

Two administration case studies - printing and manufacturing sectors

We have now reached just over 100 case studies!

Our latest two involve the administration procedure. The first case looks at a manufacturing company that suffered from financial loss and was in need of restructuring. It was first agreed a Time to Pay deal (TTP) would be the best solution, however under difficult circumstances, it was eventually decided to put the company into administration to be sold via a pre-pack deal. Read more on this case study here: http://www.companyrescue.co.uk/case-study/pre-pack-administration-case-study-manufacturing-company

The second case study looks at a printing company that was put into administration due to the loss of a major contract. However, because of a heavy balance sheet (among other things), it was difficult to find an interested buyer. Therefore the decision was taken to break up and sell off the business assets. Find out more here: http://www.companyrescue.co.uk/case-study/administration-case-study-printer-company

Friday, 4 July 2014

Carrnell Transport Liquidation Notice

A meeting of the Creditors of the above named Company will be held at The Holiday Inn, Rugby / Northampton M1 J18, Crick, Northampton, NN6 7XR on 23 July 2014 at 11:45 am for the purposes mentioned in Section 99 to 101 of the said Act.





Wednesday, 2 July 2014

Two CVA case studies: Locksmith and Construction company

See below for our two new CVA case studies:
http://www.companyrescue.co.uk/case-study/cva-case-study-scottish-based-locksmiths
http://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.

KSA Group shortlisted for Insolvency and Rescue Award!

We are delighted to announce that KSA Group has been selected as a finalist for this year's Insolvency and Rescue Awards, due to be held on the 1st October at Lancaster London Hotel.

KSA Group has been shortlisted for Corporate Recovery Firm of the Year in the 'up to 10 licensed appointment taking Insolvency Practitioners' category.

We look forward to the Awards Ceremony and wish all those who have been shortlisted (in the other categories - ha ha) the best of luck!
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