Case Studies

Case Study: Exit from administration via a Company Voluntary Arrangement (CVA) to facilitate a company restructure

Our Restructuring and Insolvency team advised that a Company Voluntary Arrangement (CVA) provided an opportunity for this trading company to avoid being dissolved, allowing the possibility of it trading again in the future. It also provided a better outcome for the creditors involved.

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Farming land

Case Study: Agricultural business facing cash flow issues


We were instructed by an existing client of Armstrong Watson within the agriculture sector who was experiencing cash flow issues.  Our client was asset rich but had a liquidity issue having already extended its overdraft with its bank considerably to £700k from a previously agreed facility of £200k.   The Company’s funding requirement was the result of several poor crops due to supply issues which had impacted upon profitability.  The Company was in the process of pursuing a claim with its supplier.

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Steel Girders

Case Study: Project Arthur

Armstrong Watson were contacted by the directors when they became worried that they were likely to encounter cashflow difficulties due to various contracts being delayed. They were concerned that the delay in collecting in cash would have a detrimental impact on their business.

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cryogenic cylinder

Case Study: Project White

We were introduced to the company by the lender, who provided the company with an invoice finance facility, following concerns arising from an audit carried out by the lender. The audit had identified discrepancies which had resulted in the lender increasing its reserves by c£900k on the facility of £1.5m.

Armstrong Watson were instructed to carry out debtor verification and comment on the overall viability of the business. This was done onsite at the company’s premises.

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Circuit Board

Case Study: Project Daimler

We were introduced to the business by their funder, who instructed us initially to provide them with some thoughts on the Company’s operations and recommendations for potential improvements. There were concerns around the business’ cash position and liquidity as the directors were asking for additional lending (over and above their normal facility) on an increasingly regular basis.

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Case Study: Restructuring of a caravan park business

We have advised a number of parks on how they can benefit from a corporate relief that allows groups of companies, if they meet certain conditions, to dispose of one park through a limited company, and not pay Capital Gain Tax on the corporate disposal.

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Case Study: Protection of Interests in Law Firm Closure

Armstrong Watson was engaged by Genus Law Limited to find a firm to acquire the ongoing matters, client relationships and successor practice status; monitor compliance and lead on interaction with the SRA; and to ultimately liquidate the business.

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Case Study: Multi Million Pound Property Development Sales

Two long standing Administrations, with Mike Kienlen acting as Administrator, and involving the same Bank as secured lender, has resulted in multi million pound commercial and residential property sales. The appointments were made in 2009 at the time of the financial and property crisis within the construction sector. Both sales have been achieved following lengthy marketing campaigns during 2016 and subsequent protracted contract negotiations.

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