Case Study: Lettings Agents
We were approached by the directors of a North East based lettings agents firm who were experiencing increased pressure from HMRC following the appointment of Administrative Receivers over several debts and the serious illness of one of the directors resulted in a prolonged period when he was unable to work or work full time.
Following a review Beesley’s were instructed to work with the directors in restructuring the business and assist the company with a Company Voluntary Arrangement (CVA).
A successful restructure of the company was agreed by all parties and due to the protection offered under the CVA it has:
- Retained all employees
- Paid unsecured creditors in full
As a result of Beesley’s involvement the company went on to run far more efficiently.