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The directors approached us because they were under significant cash flow and creditor pressure. The company, who had been providing UPVC installations, expanded into timber and were unprepared for the extended lead times that characterised the new product. We reviewed the options available with the directors to protect the business. They decided to propose a company voluntary arrangement as the most attractive cash flow solution. We assisted them in preparing the proposal and necessary documentation. We are pleased to report that the CVA was accepted by creditors.
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Beer & Young Limited | Painters' Hall | Little Trinity Lane | London EC4V 2AD | |
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